NEW YORK (

TheStreet

) --

Idex Corporation

(NYSE:

IEX

) hit a new 52-week high Thursday as it traded at $43.22 compared with its previous 52-Week high of $43.11. Idex is changing hands at $43.15 with 34,519 shares traded as of 10:05 a.m. ET. Average volume has been 319,900 shares over the past 30 days.

Idex has a market cap of $3.5 billion and is part of the

industrial goods

sector and

industrial

industry. Shares are up 9.7% year to date as of the close of trading on Wednesday.

IDEX Corporation, through its subsidiaries, engages in the manufacture and sale of an array of pumps, flow meters, other fluidics systems and components, and engineered products worldwide. The company has a P/E ratio of 22.5, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 16.2.

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TheStreet Ratings rates Idex as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Idex Ratings Report

.

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