In a report issued on March 31, Michael Halloran from Robert W. Baird maintained a Buy rating on IDEX (IEX – Research Report), with a price target of $218.00. The company’s shares closed last Friday at $192.16.
According to TipRanks.com, Halloran is a 5-star analyst with an average return of 13.8% and a 61.5% success rate. Halloran covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Emerson Electric Company, and Watts Water Technologies.
Currently, the analyst consensus on IDEX is a Moderate Buy with an average price target of $242.75.
The company has a one-year high of $240.33 and a one-year low of $181.66. Currently, IDEX has an average volume of 456.5K.
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IDEX Corp. engages in the provision of engineering solutions. It operates through the following segments: Fluid and Metering Technologies; Health and Science Technologies and Fire and Safety or Diversified Products. The Fluid and Metering Technologies segment involves in the design, production, and distribution of displacement pumps, valves, flow meters, injectors, and fluid-handling pump modules and systems. The Health and Science Technologies segment includes design, production, and distribution of precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction, and drying systems used in beverage, food processing, pharmaceutical, and cosmetics, pneumatic components, and sealing solutions. The Fire and Safety or Diversified Products segment consist of production of firefighting pumps and controls, apparatus valves, monitors, nozzles, rescue tools, and lifting bags for the fire and rescue industry. The company was founded on September 24, 1987 and is headquartered in Lake Forest, IL.
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