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IDEX Posts Record $951.7 Million Third-Quarter Sales

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IDEX Corporation (NYSE: IEX) reported record third-quarter net sales of $951.7 million, up 8% from a year earlier. Net income attributable to IDEX rose to $144.1 million from $127.8 million, while diluted earnings per share increased to $1.95 from $1.70.

The company raised its full-year outlook, projecting organic sales growth of 6.5% to 6.8% and adjusted diluted EPS of $8.91 to $8.96.

  • Third-quarter orders totaled $991.2 million, up 13% year over year.
  • Health & Science Technologies sales increased 14% to $433.5 million.
  • Fluid & Metering Technologies sales rose 3% to $327.9 million, while Fire & Safety/Diversified Products sales increased 5% to $191.5 million.
  • IDEX returned $129 million to shareholders through dividends and share repurchases during the quarter.
  • Operating cash flow was $239.5 million, compared with $203.5 million a year earlier.

$IEX Insider Trading Activity

IEX Insider Trades

$IEX insiders have traded $IEX stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $IEX stock by insiders over the last 6 months:

  • ERIC D ASHLEMAN (CEO and President) has made 0 purchases and 2 sales selling 15,385 shares for an estimated $3,311,195.
  • LISA M ANDERSON (SVP, GC, CAO & Corp Sec) sold 385 shares for an estimated $91,859

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$IEX Hedge Fund Activity

We have seen 360 institutional investors add shares of $IEX stock to their portfolio, and 262 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

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