Yesterday’s Downgrade: IDEX Corporation (IEX)

IDEX Corporation (NYSE:IEX) received a stock rating downgrade from Bernstein on Apr-04-16. In a note to investors, the firm issued a Market Perform rating. The analysts previously had an Outperform rating on the stock.


The 52-week price range is $ 66.30 – 84.09 and the company has a market capitalization of $ 6.25B. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. zero analyst has rated the stock with a sell rating, 8 has assigned a hold rating, zero says it’s a buy, and 2 have assigned a strong buy rating to the company.


IDEX Corporation (IEX) announced on March 24, 2016 that it has scheduled the broadcast of the company’s first quarter earnings conference call over the Internet on Tuesday, April 19, 2016 at 9:30 a.m. CT. Chairman and Chief Executive Officer Andrew Silvernail and Senior Vice President and Chief Financial Officer Heath Mitts will discuss the company’s first quarter 2016 financial performance and respond to questions from the financial community.


IDEX invites interested investors to listen to the call and view the presentation slides, which will be available on its Web site: www.idexcorp.com. To hear the live call, log on to the site several minutes before the discussion begins. After clicking on the presentation icon, follow the instructions to ensure your system is set up for the event, or download the correct applications at no charge. An archive of the webcast will be available through the IDEX website after the call. An audio replay of the call is also available through midnight, May 19, 2016 by dialing 877.660.6853 or (201.612.7415) for international participants using conference code # 13620004


IDEX Corporation, through its subsidiaries, provides various pumps, flow meters, other fluidics systems and components, and engineered products worldwide. Its Fluid & Metering Technologies segment designs, produces, and distributes positive displacement pumps, flow meters, injectors, other fluid-handling pump modules and systems, and specialty valve products, as well as provides flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries. The company’s Health & Science Technologies segment designs, produces, and distributes precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction, and drying systems for use in beverage, food processing, pharmaceutical, and cosmetics; pneumatic components and sealing solutions, such as pumping solutions for analytical instrumentation, clinical diagnostics, and drug discovery; biocompatible medical devices and implantables; and air compressors for medical, dental, and industrial applications.


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