Frank Notaro Insider Sell Transaction
Secretary, Frank Notaro is the IDEX Corporation (NYSE:IEX)
Idex Corp Stock Rating, Sentiment and Fundamentals
In case Idex Corp declares $3.52 for share as expected by sixteen analysts, it will have 22.27 PE ratio. They expect Idex Corp to grow at year over year rate of 15.00%. It is difficult to make conclusions about Idex Corp’s future just from Frank Notaro’s sale because in this filing, the insider also revealed option transactions. In the form, it was reported that Frank exercised options for 1,900 shares with average price 50.5, worth 95,855.
|Rating & Sentiment|
|Hedge Funds Sentiment:||SELL|
|Earnings + FCF Trend:||BUY|
* Read How Our Stock Ratings System Works
After considering Frank Notaro’s stock unloading and our time-momentum model as shown below, we rate Idex Corp’s stock “neutral”. Over the last 100 days Idex Corp’s stock price has surged 0.49 % and is in reliable uptrend.
Price Chart of Idex Corporation NYSE:IEX Stock
Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations
Hedge Funds Ownership
Information from Q2 2015 SEC 13F filings, show 259 hedge funds owned shares of Idex Corp. The institutional ownership of this company in the last quarter is very high, at 99.17 % of the shares outstanding. They increased by 715,362 the total shares they hold. As of that quarter these hedge funds owned 75.89 million shares. There were 33 funds that closed their positions and 116 that reduced them. A total of 19 funds opened new positions in Idex Corp and 78 increased their holdings.
According to SEC’s 13F filings, this stock is in Top 10 stock holdings of three institutional funds. These funds are: Snyder Capital Management L P, Fenimore Asset Management Inc, Mountain Pacific Investment Advisers Inc Id.
Crestpoint Capital Management Llc had the greatest investment with ownership of 11,600 shares as of Q2 2015 for 0.48% of the fund’s portfolio. Reynolds Capital Management Llc is another bullish institutional manager possessing 4,500 shares of the company or 0.35% of their stocks portfolio. The stock is also 0.16% of the fund’s AUM. In addition World Asset Management Inc have 0.01% of their stock portfolio invested in the company’s market cap for 2,993 shares. The California-based fund Snyder Capital Management L P disclosed it had purchased a stake worth 4.34% of the fund’s stock portfolio in Idex Corp. The New York-based fund Fenimore Asset Management Inc is also very positive about the public company, with ownership of 863,672 shares or 3.50% of their stock portfolio.
IDEX Corporation NYSE:IEX Company Profile
IDEX Corporation is an applied solutions business that sells pumps, flow meters and other fluidics systems and components, and engineered products. The Company’s products include industrial pumps, compressors, flow meters, injectors and valves, and related controls for use in process applications; precision fluidics solutions, including pumps, valves, degassing equipment, corrective tubing, fittings, complex manifolds, precision photonic solutions, optical filters and specialty medical equipment and devices used in life science applications. The Company operates in three segments: Fluid & Metering Technologies (FMT), which designs, produces and distributes positive displacement pumps, flow meters and injectors; Health & Science Technologies (HST), which designs, produces and distributes precision fluidics and rotary lobe pumps, and Fire & Safety/Diversified Products (FSDP), which produces firefighting pumps and controls, rescue tools.
Company Website: IDEX Corporation
Idex Corp was filled in Delaware on 1987-09-24. Idex Corp has 6712 employees. At the moment its market capitalization is: $5.99 billion and it has 76.79 million shares outstanding. Now it has 101.80% shareholders and the institutional ownership stands at 101.80%. The stock closed at $78.339996 yesterday and it had average 2 days volume of 69825 shares. It is down from the 30 days average shares volume of 136998. Idex Corp has a 52weeks low of $65.45 and a 250 days high of $80.30. The stock price is above the 200 days Simple moving average. Idex Corp last issued its quarterly earnings information on 10/19/2015. The company reported 0.89 EPS for the quarter, same as the consensus estimate of 0.89 . The company had a revenue of 503.79 million for 9/30/2015 and 514.88 million for 6/30/2015. Therefore, the revenue was -11,090,000 down.
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