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Hot Stocks
Idex Corp. to acquire Nexsight for $120M in cash » 09:13
11/23/21
11/23
09:13
11/23/21
09:13
IEX

Idex Corp.

$235.44 /

+0.96 (+0.41%)

IDEX Corporation …

IDEX Corporation announced that it has entered into a definitive agreement to acquire Nexsight "and its market leading businesses - Envirosight, WinCan, MyTana and Pipeline Renewal Technologies, PRT, for cash consideration of $120M, subject to customary post-closing adjustments," said the company The acquisition will complement and bolster existing IDEX business units iPEK and ADS, which design and create sewer crawlers, inspection and monitoring systems, and software applications that allow teams to identify, anticipate and correct wastewater system issues remotely. Through the Nexsight acquisition, IDEX will expand to include iPEK's key North American channel partner and its leading wastewater video inspection software platform, which we foresee helping to broaden the capabilities of ADS's cloud-based wastewater system monitoring and predictive analytics platform. "Acquiring Nexsight will broaden our expertise in the inspection and monitoring of wastewater infrastructure," IDEX Chief Executive Officer and President Eric Ashleman said. "We intend to continue growing our presence in intelligent water technologies, where we can help predict and identity wastewater system issues early, preventing them from causing property damage, harming the environment and impacting public health." With annual sales of approximately $50M, Nexsight will join the water group within IDEX's Fluid & Metering Technology segment. The transaction is expected to close in the first quarter of 2021, subject to regulatory approvals and customary closing conditions.

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IEX Idex Corp.
$235.44 /

+0.96 (+0.41%)

11/22/21 Loop Capital
Idex Corp. initiated with a Hold at Loop Capital
10/28/21 DA Davidson
Idex Corp. price target raised to $220 from $210 at DA Davidson
10/20/21
Fly Intel: Top five analyst upgrades
10/20/21 Citi
Idex Corp. upgraded to Buy from Neutral at Citi
IEX Idex Corp.
$235.44 /

+0.96 (+0.41%)

Initiation
Idex Corp. initiated with a Hold at Loop Capital » 16:43
11/22/21
11/22
16:43
11/22/21
16:43
IEX

Idex Corp.

$235.44 /

+0.96 (+0.41%)

Loop Capital analyst…

Loop Capital analyst Scott Graham initiated coverage of Idex Corp. with a Hold rating and $234 price target. The analyst said the company has a strong long-term earnings track record and above-peer margins. Graham added that he stops short of recommend the stock as he estimates roughly 25% of sales are derived from markets which are weak, and he anticipates they will remain pressured well into 2022.

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IEX Idex Corp.
$235.44 /

+0.96 (+0.41%)

10/28/21 DA Davidson
Idex Corp. price target raised to $220 from $210 at DA Davidson
10/20/21
Fly Intel: Top five analyst upgrades
10/20/21 Citi
Idex Corp. upgraded to Buy from Neutral at Citi
10/07/21 Baird
Idex Corp. price target raised to $256 from $253 at Baird
IEX Idex Corp.
$235.44 /

+0.96 (+0.41%)

Over a month ago
Recommendations
Idex Corp. price target raised to $220 from $210 at DA Davidson » 08:07
10/28/21
10/28
08:07
10/28/21
08:07
IEX

Idex Corp.

$222.59 /

+1.99 (+0.90%)

DA Davidson analyst Matt…

DA Davidson analyst Matt Summerville raised the firm's price target on Idex Corp. to $220 from $210 but keeps a Neutral rating on the shares. The company's Q3 earnings and sales topped expectations while its incoming order rates remained strong, but its Q4 guidance was below his pre-Q3 estimates, reflecting the inflation and supply chain challenges at Idex, the analyst tells investors in a research note. Summerville adds however that while he remains at neutral on the stock, Idex is "very high" on his "shopping list".

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IEX Idex Corp.
$222.59 /

+1.99 (+0.90%)

IEX Idex Corp.
$222.59 /

+1.99 (+0.90%)

10/20/21
Fly Intel: Top five analyst upgrades
10/20/21 Citi
Idex Corp. upgraded to Buy from Neutral at Citi
10/07/21 Baird
Idex Corp. price target raised to $256 from $253 at Baird
04/29/21 Wells Fargo
Idex Corp. price target raised to $260 from $240 at Wells Fargo
IEX Idex Corp.
$222.59 /

+1.99 (+0.90%)

Earnings
Idex sees Q4 EPS $1.55-$1.58, consensus $1.60 » 16:37
10/26/21
10/26
16:37
10/26/21
16:37
IEX

Idex Corp.

$220.04 /

-1.11 (-0.50%)

Sees Q4 revenue growth…

Sees Q4 revenue growth 9%-10%, consensus $692.82M.

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IEX Idex Corp.
$220.04 /

-1.11 (-0.50%)

IEX Idex Corp.
$220.04 /

-1.11 (-0.50%)

10/20/21
Fly Intel: Top five analyst upgrades
10/20/21 Citi
Idex Corp. upgraded to Buy from Neutral at Citi
10/07/21 Baird
Idex Corp. price target raised to $256 from $253 at Baird
04/29/21 Wells Fargo
Idex Corp. price target raised to $260 from $240 at Wells Fargo
IEX Idex Corp.
$220.04 /

-1.11 (-0.50%)

Earnings
Idex raises FY21 EPS view to $6.30-$6.33 from $6.26-$6.36, consensus $6.31 » 16:36
10/26/21
10/26
16:36
10/26/21
16:36
IEX

Idex Corp.

$220.04 /

-1.11 (-0.50%)

Backs FY21 organic sales…

Backs FY21 organic sales growth view of 11%-12%, consensus $2.73B.

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IEX Idex Corp.
$220.04 /

-1.11 (-0.50%)

IEX Idex Corp.
$220.04 /

-1.11 (-0.50%)

10/20/21
Fly Intel: Top five analyst upgrades
10/20/21 Citi
Idex Corp. upgraded to Buy from Neutral at Citi
10/07/21 Baird
Idex Corp. price target raised to $256 from $253 at Baird
04/29/21 Wells Fargo
Idex Corp. price target raised to $260 from $240 at Wells Fargo
IEX Idex Corp.
$220.04 /

-1.11 (-0.50%)

Earnings
Idex Corp. reports Q3 adjusted EPS $1.63, consensus $1.59 » 16:35
10/26/21
10/26
16:35
10/26/21
16:35
IEX

Idex Corp.

$220.04 /

-1.11 (-0.50%)

Reports Q3 revenue $712M,…

Reports Q3 revenue $712M, consensus $697.44M.

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IEX Idex Corp.
$220.04 /

-1.11 (-0.50%)

IEX Idex Corp.
$220.04 /

-1.11 (-0.50%)

10/20/21
Fly Intel: Top five analyst upgrades
10/20/21 Citi
Idex Corp. upgraded to Buy from Neutral at Citi
10/07/21 Baird
Idex Corp. price target raised to $256 from $253 at Baird
04/29/21 Wells Fargo
Idex Corp. price target raised to $260 from $240 at Wells Fargo
IEX Idex Corp.
$220.04 /

-1.11 (-0.50%)

Upgrade
Fly Intel: Top five analyst upgrades » 09:53
10/20/21
10/20
09:53
10/20/21
09:53
IEX

Idex Corp.

$219.38 /

+3.045 (+1.41%)

, TMO

Thermo Fisher

$604.12 /

+11.97 (+2.02%)

, HAL

Halliburton

$26.01 /

-0.09 (-0.34%)

, TEL

TE Connectivity

$147.29 /

+0.3 (+0.20%)

, FTCI

FTC Solar

$6.80 /

+0.035 (+0.52%)

Catch up on today's…

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Idex Corp. (IEX) upgraded to Buy from Neutral at Citi with analyst Vladimir Bystricky viewing the company's "diversified and well-positioned portfolio, differentiated culture/business strategy, and solid capital deployment potential" as supporting "good" long-term earnings growth that should drive shares higher over time. 2. Thermo Fisher (TMO) upgraded to Buy from Neutral at Citi with analyst Patrick Donnelly believing the shares are trading at a discount that is "unwarranted" given what he views as a "de-risked" and "clean" setup for shares ahead of Q3 and into next year. 3. Halliburton (HAL) upgraded to Buy from Hold at Argus with analyst Bill Selesky saying the rating change is driven by improving energy market fundamentals, which he expect to result in higher 2022 capital spending by E&P companies. 4. TE Connectivity (TEL) upgraded to Outperform from In Line at Evercore ISI with analyst Amit Daryanani expecting the company to benefit from a multi-year auto production cycle. 5. FTC Solar (FTCI) upgraded to Overweight from Equal Weight at Barclays with analyst Moses Sutton saying shares of Array Technologies (ARRY) have outperformed those of FTC by 75% since July 1 and while he is "aware" of the Array margin recovery thesis, he expects it to come as a trade-off with market share. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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TMO Thermo Fisher
$604.12 /

+11.97 (+2.02%)

TEL TE Connectivity
$147.29 /

+0.3 (+0.20%)

IEX Idex Corp.
$219.38 /

+3.045 (+1.41%)

HAL Halliburton
$26.01 /

-0.09 (-0.34%)

FTCI FTC Solar
$6.80 /

+0.035 (+0.52%)

IEX Idex Corp.
$219.38 /

+3.045 (+1.41%)

10/20/21 Citi
Idex Corp. upgraded to Buy from Neutral at Citi
10/07/21 Baird
Idex Corp. price target raised to $256 from $253 at Baird
04/29/21 Wells Fargo
Idex Corp. price target raised to $260 from $240 at Wells Fargo
04/29/21 DA Davidson
Idex Corp. price target raised to $205 from $190 at DA Davidson
TMO Thermo Fisher
$604.12 /

+11.97 (+2.02%)

10/20/21 Citi
Citi upgrades Thermo Fisher to Buy, says discount unwarranted
10/20/21 Citi
Thermo Fisher upgraded to Buy from Neutral at Citi
10/14/21 Cowen
Thermo Fisher price target raised to $696 from $655 at Cowen
09/23/21 Goldman Sachs
Thermo Fisher upgraded to Conviction Buy from Buy at Goldman Sachs
HAL Halliburton
$26.01 /

-0.09 (-0.34%)

10/20/21 RBC Capital
Halliburton price target raised to $31 from $29 at RBC Capital
10/20/21 Cowen
Halliburton price target raised to $33 from $28 at Cowen
10/20/21 Argus
Halliburton upgraded to Buy at Argus on improving energy fundamentals
10/20/21 Argus
Halliburton upgraded to Buy from Hold at Argus
TEL TE Connectivity
$147.29 /

+0.3 (+0.20%)

10/20/21 Evercore ISI
TE Connectivity upgraded to Outperform at Evercore ISI ahead of auto cycle
10/20/21 Evercore ISI
TE Connectivity upgraded to Outperform from In Line at Evercore ISI
07/29/21 Truist
TE Connectivity price target raised to $149 from $139 at Truist
07/29/21 Baird
TE Connectivity price target raised to $158 from $145 at Baird
FTCI FTC Solar
$6.80 /

+0.035 (+0.52%)

10/20/21 Barclays
Array Technologies downgraded to Underweight from Equal Weight at Barclays
10/20/21 Barclays
FTC Solar upgraded to Overweight from Equal Weight at Barclays
08/26/21 Piper Sandler
FTC Solar price target raised to $17 from $15 at Piper Sandler
07/13/21 Credit Suisse
FTC Solar assumed with an Outperform at Credit Suisse
TMO Thermo Fisher
$604.12 /

+11.97 (+2.02%)

TEL TE Connectivity
$147.29 /

+0.3 (+0.20%)

IEX Idex Corp.
$219.38 /

+3.045 (+1.41%)

HAL Halliburton
$26.01 /

-0.09 (-0.34%)

FTCI FTC Solar
$6.80 /

+0.035 (+0.52%)

  • 28
    Apr
HAL Halliburton
$26.01 /

-0.09 (-0.34%)

TMO Thermo Fisher
$604.12 /

+11.97 (+2.02%)

TEL TE Connectivity
$147.29 /

+0.3 (+0.20%)

HAL Halliburton
$26.01 /

-0.09 (-0.34%)

FTCI FTC Solar
$6.80 /

+0.035 (+0.52%)

TMO Thermo Fisher
$604.12 /

+11.97 (+2.02%)

TEL TE Connectivity
$147.29 /

+0.3 (+0.20%)

HAL Halliburton
$26.01 /

-0.09 (-0.34%)

Upgrade
Idex Corp. upgraded to Buy from Neutral at Citi » 06:21
10/20/21
10/20
06:21
10/20/21
06:21
IEX

Idex Corp.

$216.22 /

+2.22 (+1.04%)

Citi analyst Vladimir…

Citi analyst Vladimir Bystricky upgraded Idex Corp. to Buy from Neutral with a price target of $246, up from $240, after taking over coverage of the name. The analyst views the company's "diversified and well-positioned portfolio, differentiated culture/business strategy, and solid capital deployment potential" as supporting "good" long-term earnings growth that should drive shares higher over time.

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IEX Idex Corp.
$216.22 /

+2.22 (+1.04%)

IEX Idex Corp.
$216.22 /

+2.22 (+1.04%)

10/07/21 Baird
Idex Corp. price target raised to $256 from $253 at Baird
04/29/21 Wells Fargo
Idex Corp. price target raised to $260 from $240 at Wells Fargo
04/29/21 DA Davidson
Idex Corp. price target raised to $205 from $190 at DA Davidson
04/29/21 Morgan Stanley
Idex Corp. price target raised to $250 from $230 at Morgan Stanley
IEX Idex Corp.
$216.22 /

+2.22 (+1.04%)

Recommendations
Idex Corp. price target raised to $256 from $253 at Baird » 06:41
10/07/21
10/07
06:41
10/07/21
06:41
IEX

Idex Corp.

$211.81 /

+0.44 (+0.21%)

Baird analyst Michael…

Baird analyst Michael Halloran raised the firm's price target on Idex Corp. to $256 from $253 and keeps an Outperform rating on the shares. The analyst met with management and said Internal confidence remains high in strength of the potential industrial cycle ahead, long-term upward margin trajectory, and the company's ability to capitalize on secular/growth drivers.

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IEX Idex Corp.
$211.81 /

+0.44 (+0.21%)

IEX Idex Corp.
$211.81 /

+0.44 (+0.21%)

04/29/21 Wells Fargo
Idex Corp. price target raised to $260 from $240 at Wells Fargo
04/29/21 DA Davidson
Idex Corp. price target raised to $205 from $190 at DA Davidson
04/29/21 Morgan Stanley
Idex Corp. price target raised to $250 from $230 at Morgan Stanley
04/29/21 RBC Capital
Idex Corp. price target raised to $247 from $232 at RBC Capital
IEX Idex Corp.
$211.81 /

+0.44 (+0.21%)

Over a quarter ago
Earnings
Idex Corp. raises FY21 EPS view to $6.26-$6.36 from $6.05-$6.20  16:38
07/27/21
07/27
16:38
07/27/21
16:38
IEX

Idex Corp.

$226.60 /

+0.39 (+0.17%)

Consensus $6.17.

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IEX Idex Corp.
$226.60 /

+0.39 (+0.17%)

IEX Idex Corp.
$226.60 /

+0.39 (+0.17%)

04/29/21 Wells Fargo
Idex Corp. price target raised to $260 from $240 at Wells Fargo
04/29/21 DA Davidson
Idex Corp. price target raised to $205 from $190 at DA Davidson
04/29/21 Morgan Stanley
Idex Corp. price target raised to $250 from $230 at Morgan Stanley
04/29/21 RBC Capital
Idex Corp. price target raised to $247 from $232 at RBC Capital
IEX Idex Corp.
$226.60 /

+0.39 (+0.17%)

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