IDEX stock: buy or sell?
August 19th, 2019
IDEX Corporation, through its subsidiaries, provides various pumps, valves, flow meters, other fluidics systems and components, and engineered products worldwide.
Should I buy IDEX stock?Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, IDEX stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is IDEX stock a buy?
Financial institutions and banks publish stock ratings everyday.At Stocks2.com, we gathered 6 ratings published for IEX stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-23||Wells Fargo & Co||n/a||Outperform|
|2019-3-29||Janney Montgomery Scott||Buy||Neutral|
IDEX stock analysis
IDEX shares gained 0.95% to $165.55 today.
Shares of IDEX gained a slightly fine 0.95% and closed at $165.55. Since last May when SMA100d and SMA200d crossed up, IEX price gained $10.51 per share (6.78%). On Aug/8 IEX price bounced up over the SMA of 100 days demonstrating to be a significant support for this stock. On July, IEX hit new all time highs, pushing higher previous ATH of $172.03 recorded on June. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
IDEX shares inched 0.95% this week, ending at $165.55. For 3 weeks in a row, price soared and marked a profit of 2.35%.
IEX shows a long term strength with several rising tops and rising bottoms. It left a new bottom at $154.57 early August. Previous top ($173.33) will play as a resistance in possible new gains. Not so far away is the last price record IDEX marked early July. Late April, SMA20w and SMA40w crossed up triggering a rise of 6.38%. Early February IEX price bounced up over the SMA of 40 weeks that acted as support stopping new slides.
IDEX stock price history
IDEX stock went public on June 2nd, 1989 with a price of $1.961. Since then, IEX stock grew a 8,346.40%, with an average of 278.20% per year. If you had invested $1,000 in IDEX stock in 1989, it would worth $83,464.00 today.
1: Adjusted price after possible price splits or reverse-splits.
IDEX stock historical price chart
IEX stock reached all-time highs on July with a price of $173.33.
IDEX stock price target is $173.00Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We detected 3 price forecasts for IEX stock published in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-7-29||Stifel Nicolaus||Raises Target||$157.00||$162.00||3.2%|
|2019-7-23||Wells Fargo & Co||Reiterates||$180.00||$200.00||11.1%|
|2019-7-15||Stifel Nicolaus||Raises Target||$153.00||$157.00||2.6%|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince April, when IDEX presented its last earnings report, it raised a nice 6.38%. Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual revenues report draw a great increase of 8.58% to $2,483.67 million USD. When comparing 2018 vs 2017, improving that, profit margin (that is, the net income divided by revenues) inched a 1.79% to 16.53%. IDEX fiscal year ends in December, and to evaluate its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, IDEX TTM sales up to March 2019 were $2,493.57 and earnings $421.88 M USD. If we compare this TTM figures with the last reported annuality, we can review IDEX business evolution since December 2018: Annual turnover up to March, compared to lastest yearly report, remained constant a tight 0.40%. Regarding profit margin, IDEX stayed steady 0.39% to 16.53%
|2013||$2,020 M||-||$255 M12.6%||-|
|2014||$2,148 M||6.33%||$279 M13.0%||9.47%|
|2015||$2,021 M||-5.92%||$283 M14.0%||1.22%|
|2016||$2,113 M||4.57%||$271 M12.8%||-4.14%|
|2017||$2,287 M||8.25%||$337 M14.7%||24.40%|
|2018||$2,484 M||8.58%||$411 M16.5%||21.74%|
|TTM||$2,494 M||0.40%||$422 M16.9%||2.75%|
Quarterly financial resultsIDEX reported $622.23 M in revenues for 2019-Q1, a 1.33% improvement compared to previous quarter. Reported quarter earnings marked $110.27 M with a profit margin of 17.72%. Profit margin stepped up a 1.74% compared to previous quarter when profit margin was 15.98%. When comparing revenues to same quarter last year, IDEX sales marked a tiny gain and appreciated a 1.62%.
|2017-Q2||$573 M||-||$84 M14.6%||-|
|2017-Q3||$574 M||0.20%||$84 M14.6%||-0.08%|
|2017-Q4||$586 M||1.99%||$94 M16.0%||11.91%|
|2018-Q1||$612 M||4.51%||$99 M16.2%||5.56%|
|2018-Q2||$634 M||3.60%||$107 M16.9%||8.25%|
|2018-Q3||$623 M||-1.81%||$106 M17.1%||-0.72%|
|2018-Q4||$614 M||-1.41%||$98 M16.0%||-7.72%|
|2019-Q1||$622 M||1.33%||$110 M17.7%||12.36%|
IDEX ownershipWhen you are planning to buy a stock, it's worth to have a look its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For IDEX, 0.46% of all outstanding shares are owned by its staff.
Bearish positions for IEX stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to IDEX:
|Market cap||$12.5 B||$3.1 B||$13.3 B||$5.6 B||$7.6 B|
|Total shares||75.8 M||117.3 M||145.3 M||131.1 M||166.5 M|
|Float shares||75.5 M||83.5 M||143.4 M||130.9 M||164.8 M|
|- Institutional holdings (%)||97.2%||19.9%||90.7%||106.7%||87.0%|
|- Insider holdings (%)||0.5%||57.1%||2.6%||0.3%||1.1%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Monday, August 19th, 2019|
|Day range||$164.06 - $166.29|
|Average true range||$4.16|
|50d mov avg||$165.49|
|100d mov avg||$159.63|
|200d mov avg||$147.95|
IDEX performanceTo measure stock performance is always good to benchmark with competitors or related stocks. For IDEX, the benchmark is made against Colfax, Dover, Flowserve, Graco, Gorman-Rupp, ITT, Parker-Hannifin, Roper Technologies and Xylem.
IDEX competitorsWe picked a few stocks to conform a list of IDEX competitors to examine if you are interested in investing in IEX:
- Colfax (CFX)
- Dover (DOV)
- Flowserve (FLS)
- Graco (GGG)
- Gorman-Rupp (GRC)
- ITT (ITT)
- Parker-Hannifin (PH)
- Roper Technologies (ROP)
- Xylem (XYL)
Latest IDEX stock news
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