Could IDEX Corporation See a Reversal After Today’s Strong Options Activity?


 Could IDEX Corporation See a Reversal After Today's Strong Options Activity?

In today’s session IDEX Corporation (IEX) recorded an unusually high (420) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious IEX decrease. With 420 contracts traded and 1544 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: IEX161021P00085000 closed last at: $1.05 or 0% . About 97,105 shares traded hands. IDEX Corporation (NYSE:IEX) has risen 9.42% since March 16, 2016 and is uptrending. It has outperformed by 3.87% the S&P500.

IDEX Corporation (NYSE:IEX) Ratings Coverage

Out of 8 analysts covering IDEX Corporation (NYSE:IEX), 2 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 25% are positive. $89 is the highest target while $80 is the lowest. The $85 average target is -2.93% below today’s ($87.57) stock price. IDEX Corporation has been the topic of 12 analyst reports since September 29, 2015 according to StockzIntelligence Inc. On Tuesday, July 19 the stock rating was upgraded by Janney Capital to “Buy”. BMO Capital Markets initiated the stock with “Market Perform” rating in Tuesday, April 5 report. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, October 19. The stock has “Market Perform” rating given by Bernstein on Monday, April 4. RBC Capital Markets maintained the shares of IEX in a report on Friday, January 29 with “Outperform” rating. KeyBanc Capital Markets initiated IDEX Corporation (NYSE:IEX) on Monday, May 23 with “Sector Weight” rating. The rating was initiated by SunTrust on Tuesday, November 3 with “Neutral”. The stock has “Neutral” rating given by Janney Capital on Tuesday, June 21. Bernstein initiated the stock with “Outperform” rating in Tuesday, September 29 report. Suntrust Robinson initiated the stock with “Neutral” rating in Tuesday, November 3 report.

According to Zacks Investment Research, “IDEX CORP. designs, manufactures and markets a broad range of fluid handling and industrial products serving a diverse customer base in the United States and, internationally.”

Insitutional Activity: The institutional sentiment increased to 1.07 in Q2 2016. Its up 0.14, from 0.93 in 2016Q1. The ratio increased, as 16 funds sold all IDEX Corporation shares owned while 104 reduced positions. 30 funds bought stakes while 98 increased positions. They now own 73.51 million shares or 1.44% less from 74.59 million shares in 2016Q1.
Texas Permanent School Fund, a Texas-based fund reported 58,036 shares. Bnp Paribas Arbitrage has 33,641 shares for 0.01% of their US portfolio. Fuller & Thaler Asset Mngmt owns 400 shares or 0% of their US portfolio. Castleark Mngmt Limited Liability Company last reported 33,630 shares in the company. Blackrock Grp Ltd, a United Kingdom-based fund reported 299,359 shares. Segall Bryant Hamill Limited Liability Company has 0.1% invested in the company for 44,915 shares. The Illinois-based Blair William And Il has invested 0% in IDEX Corporation (NYSE:IEX). Moreover, Guyasuta Investment Advsrs has 0.27% invested in IDEX Corporation (NYSE:IEX) for 25,020 shares. United Advisers holds 0% of its portfolio in IDEX Corporation (NYSE:IEX) for 2,998 shares. The United Kingdom-based Gsa Capital Llp has invested 0.01% in IDEX Corporation (NYSE:IEX). M&T Bank & Trust accumulated 17,292 shares or 0.01% of the stock. Clearbridge Invs Limited Liability Corporation, a New York-based fund reported 939,609 shares. The New York-based Allsquare Wealth Mngmt Limited Liability Company has invested 0.03% in IDEX Corporation (NYSE:IEX). Independent Port Consultants Inc has invested 0.5% of its portfolio in IDEX Corporation (NYSE:IEX). Firstmerit Fincl Bank N A Trustee holds 4,851 shares or 0.03% of its portfolio.

Insider Transactions: Since April 27, 2016, the stock had 0 insider buys, and 8 sales for $4.08 million net activity. YATES MICHAEL J sold $119,353 worth of stock. Another trade for 6,575 shares valued at $600,545 was sold by Silvernail Andrew K. MITTS HEATH A also sold $358,121 worth of IDEX Corporation (NYSE:IEX) shares. 4,000 shares were sold by SALLIOTTE DANIEL J, worth $333,094 on Tuesday, May 31. ASHLEMAN ERIC D had sold 15,650 shares worth $1.31M on Tuesday, May 24. $434,697 worth of IDEX Corporation (NYSE:IEX) was sold by MILZCIK GREGORY F on Monday, August 1. BUCKLEW JEFFREY D also sold $418,420 worth of IDEX Corporation (NYSE:IEX) shares.

IDEX Corporation operates an applied solutions business that sells pumps, flow meters and other fluidics systems, and components and engineered products. The company has a market cap of $6.65 billion. The Firm operates through three divisions: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). It has a 23.89 P/E ratio. With its divisions, the Company maintains approximately 20 platforms, where it focuses on growth and acquisitions.

IEX Company Profile

IDEX Corporation (IDEX), incorporated on September 24, 1987, 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; precision-engineered equipment for dispensing, metering and mixing paints; refinishing equipment, and engineered products for industrial and commercial markets, including fire and rescue, transportation equipment, gas and oil, electronics and communications. The Firm operates in three divisions: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST) and Fire & Safety/Diversified Products (FSDP). FMT segment designs, produces and distributes positive displacement pumps, flow meters, injectors, and other fluid-handling pump modules and systems. HST segment designs, produces and distributes precision fluidics, rotary lobe pumps, and centrifugal and positive displacement pumps. FSDP segment produces firefighting pumps and controls, rescue tools, lifting bags, and other components and systems.

More notable recent IDEX Corporation (NYSE:IEX) news were published by: which released: “IDEX Corporation (IEX) Plagued by Macroeconomic Issues” on October 13, 2016, also with their article: “IDEX Corporation to Acquire Akron Brass” published on February 05, 2016, published: “IDEX Corporation: Pumping Out Consistent Results At A Premium Price” on August 24, 2016. More interesting news about IDEX Corporation (NYSE:IEX) were released by: and their article: “IDEX Corporation to Webcast Third Quarter 2016 Earnings Call” published on September 19, 2016 as well as‘s news article titled: “IDEX Corporation Announces Appointment of Mark A. Buthman to Board of Directors” with publication date: April 06, 2016.

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