IDEX Corporation, abbreviated as IEX, is showing strong overall performance despite recent losses and market challenges. The industrial equipment manufacturer recently completed the acquisition of
Mott Corporation, further expanding its applied material science technology capabilities across high-value markets. Also,
Oddo BHF Asset Management Sas and
Geode Capital Management LLC have collectively invested over $400 million in the company over the recent period. However, some investment firms like
Fmr LLC,
Quantbot Technologies LP, and
Citrust Financial for Lutherans have sold some of their IEX stocks.
National Bank of Canada FI and
FORA Capital LLC have also reduced their stakes in the company. Additionally, While the Q1 earnings indicated a sales dip, Q2 and Q3 2024 showed an increase in sales. The Q3 2024 earnings call also highlighted strong cash flow and strategic growth. Lastly, despite facing some criticism regarding a demanding valuation and recent performance indicating financial health issues, most analysts remain bullish.
Idex Corporation IEX News Analytics from Tue, 27 Feb 2024 08:00:00 GMT to Sat, 14 Dec 2024 12:11:57 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 3
