In recent months,
IDEX Corporation (NYSE:IEX) has had many developments. Acquisitions have been a key part of their strategy; this includes purchases of
Mott Corporation,
Iridian Spectral Technologies, and
STC Material Solutions. Despite hitting an
all-time sales peak in Q4 of 2024, the company warns of a potential slow start to 2025. Institutional investors have demonstrated mixed activity, with several companies such as Sumitomo Mitsui Trust Group Inc, Apollon Wealth Management, and Guidance Capital Inc., buying stocks, whereas groups like State of Alaska Department of Revenue, Van ECK Associates and Robeco Institutional Asset Management have sold off their stakes. Despite these mixed signals, the stock still received a
'Moderate Buy' from several brokerages. Financial performance has been consistently good with
Q4 Earnings surpassing estimates. However, IDEX's outlook was negatively affected by Q4 revenue missing expectations and a weak Q1 guidance. Interestingly, Melissa S Flores and Roopa Unnikrishnan, took a bullish stance investing $152k and $129k in the company's stock respectively.
Idex Corporation IEX News Analytics from Wed, 12 May 2021 07:00:00 GMT to Sat, 15 Feb 2025 18:34:25 GMT -
Rating 2
- Innovation -5
- Information 8
- Rumor -2
