IDEX Corp. Shares Sink 0.34% Despite Positive Trading Session for S&P 500 Index

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On Tuesday, despite the positive trading session for the S&P 500 Index, shares of IDEX ($NYSE:IEX) Corp., a global industrial and applied sciences company, fell 0.34%, closing at $202.79. IDEX Corp. is a leader in fluid and metering technologies, application-specific fluidics, fire and safety solutions, and ultra-precision technology. The company’s most recent quarterly earnings report fell below analyst estimates, causing its stock to slip. Investors remain optimistic about the company’s prospects in the long-term as it continues to innovate and expand its presence in new markets.

Analysis

GoodWhale has analyzed IDEX CORPORATION‘s fundamentals and has concluded that they are in a strong position in terms of dividend, growth, profitability, and medium in asset. We have classified IDEX Corporation as a ‘gorilla’, meaning that this company has achieved stable and high revenue or earning growth due to its strong competitive advantage. Given IDEX CORPORATION’s success, what type of investors may be interested in such a company? Investors looking for consistent growth and profitability may consider this company a strong option. Additionally, IDEX CORPORATION has a high health score of 9/10 with regard to its cashflows and debt, making it a safe option even in times of economic crisis. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Idex Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Idex Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Idex Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Idex Corporation are shown below. More…

Peers

Its competitors include Crane Co, Evoqua Water Technologies Corp, Pentair PLC. IDEX Corp has a strong portfolio of products and services and is constantly innovating to stay ahead of the competition.

– Crane Co ($NYSE:CR)

Crane Co is a diversified industrial manufacturing company. It has a market cap of 5.58B as of 2022 and a ROE of 25.73%. The company operates in four segments: Aerospace & Electronics, Engineered Materials, Merchandising Systems, and Fluid Handling. Crane Co’s products are used in a variety of industries, including aerospace, defense, infrastructure, and industrial end markets.

– Evoqua Water Technologies Corp ($NYSE:AQUA)

Evoqua Water Technologies Corp is a water treatment company that provides solutions for water and wastewater treatment, desalination, and water reuse. It has a market cap of 4.24B as of 2022 and a Return on Equity of 9.96%. The company serves a variety of industries, including municipal, industrial, commercial, and institutional.

– Pentair PLC ($NYSE:PNR)

Pentair PLC is a diversified industrial company with a market cap of $6.52 billion as of 2022. The company has a return on equity of 16.22%. Pentair PLC is involved in the design, manufacture, and distribution of products and solutions for the global water and fluid management industries. The company’s products include pumps, valves, filters, and controls for residential, commercial, and industrial applications. Pentair PLC also provides water and wastewater treatment solutions for municipalities and industries.

Summary

On Tuesday, the stock closed at $202.79, down 0.34%. Despite the minor dip, analysts remain generally positive about the company’s prospects. Their confidence is bolstered by IDEX’s strong financial position, robust business model, and diversified product portfolio. The company is well positioned to benefit from the economic recovery and is likely to continue its upward trend in the near future.