Trade-Ideas LLC identified

IDEX

(

IEX

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified IDEX as such a stock due to the following factors:

  • IEX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $34.0 million.
  • IEX has traded 2,741 shares today.
  • IEX is trading at a new lifetime high.

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More details on IEX:

IDEX Corporation, through its subsidiaries, provides various pumps, flow meters, other fluidics systems and components, and engineered products worldwide. The stock currently has a dividend yield of 1.6%. IEX has a PE ratio of 22. Currently there are 2 analysts that rate IDEX a buy, no analysts rate it a sell, and 8 rate it a hold.

The average volume for IDEX has been 465,700 shares per day over the past 30 days. IDEX has a market cap of $6.2 billion and is part of the industrial goods sector and industrial industry. Shares are up 7.5% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates IDEX as a

buy

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

Highlights from the ratings report include:

  • IDEX CORP has improved earnings per share by 14.3% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, IDEX CORP increased its bottom line by earning $3.63 versus $3.44 in the prior year. This year, the market expects an improvement in earnings ($3.65 versus $3.63).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Machinery industry. The net income increased by 10.0% when compared to the same quarter one year prior, going from $61.62 million to $67.76 million.
  • The current debt-to-equity ratio, 0.58, is low and is below the industry average, implying that there has been successful management of debt levels. To add to this, IEX has a quick ratio of 1.90, which demonstrates the ability of the company to cover short-term liquidity needs.
  • 48.73% is the gross profit margin for IDEX CORP which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 13.55% is above that of the industry average.
  • The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Looking ahead, the stock's rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that the other strengths this company displays justify these higher price levels.

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