Home Sectors Industrials Current Technicals: IDEX Corporation (NYSE: IEX)

Current Technicals: IDEX Corporation (NYSE: IEX)

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IDEX Corporation is in the industrial products industry and is part of the industrials sector. The company CEO is Andrew K. Silvernail. IDEX Corp produces and distributes flow meters, injectors, and other fluid-handling pump modules. Its business segments are Fluid and Metering Technologies, Health and Science Technologies and Fire and Safety/Diversified Products.

Previous Intraday Trading Performance:

The IEX stock showed a previous change of 2.61% with an open at 154.92 and a close of 157.52. It reached an intraday high of 157.59 and a low of 154.22.

SeekingAlpha:  Dividend Champions For June 2019

Liquidity:

The stock has a market cap of $11.9b with 75.7m shares outstanding, of which the float is 73.7m shares. Trading volume reached 204,820 shares compared to its average volume of 317,662 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, IDEX Corporation shares returned 3.87% and in the past 30 trading days it returned 1.18%. Over three months, it changed 8.58%. In one year it has changed 14.57% and within that year its 52-week high was 159.51 and its 52-week low was 117.72. IEX stock is 33.81% above its 52 Week Low.

Our calculations show a 200 day moving average of 143.29 and a 50 day moving average of 153.60. Currently IEX stock is trading 9.93% above its 200 day moving average.

SeekingAlpha:  Dividend Champions For June 2019

Earnings:

The last annual fiscal EPS for the company was reported at 5.29 that ended on 31st of December 2018, which according to the previous close, that is a PE of 29.78. Based on 9 analyst estimates, the consensus EPS for the next quarter is 1.37. The TTM EPS is 5.41, which comes to a TTM PE of 29.12. Historically, the PE high was 38.30 and the PE low was 18.60. If the stock reached its PE low, that would represent a price of 100.61, which is a decrease of -36.13%.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 04/25/2019): 1.44
4thQtr of 2018 (Reported on 01/29/2019): 1.27
3rdQtr of 2018 (Reported on 10/23/2018): 1.37
2ndQtr of 2018 (Reported on 07/24/2018): 1.38
1stQtr of 2018 (Reported on 04/30/2018): 1.27

The dividend per share is currently 2.00, which is a dividend yield of 1.27%. Also, the payout ratio is 36.97%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 115.47, which means it may be overvalued by -36.42%.

Indicators to Watch:

Short-interest was 1,136,319, which was 1.50% of shares outstanding. The short-interest ratio or days-to-cover ratio was 3.99. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.21.

SeekingAlpha:  EMCOR Group, Inc. 2019 Q1 – Results – Earnings Call Slides

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 21.68%, return on assets is 12.54%, profit margin is 17.06%, price-to-sales is 4.66 and price-to-book is 5.65.

Company Scores:

All scores are out of six:
 0  :Valuation Score
 5  :Past Performance Score
 4  :Financial Strength Score
 1  :Future Growth Score
 4  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.