Roopa Unnikrishnan Takes a Bullish Stance: Acquires $129K In IDEX Stock

Roopa Unnikrishnan, SVP at IDEX (NYSE:IEX), reported an insider buy on February 13, according to a new SEC filing.

What Happened: In a significant move reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, Unnikrishnan purchased 657 shares of IDEX, demonstrating confidence in the company's growth potential. The total value of the transaction stands at $129,067.

Tracking the Friday's morning session, IDEX shares are trading at $193.03, showing a down of 0.0%.

About IDEX

Idex manufactures pumps, flow meters, valves, and fluidic systems for customers in a variety of end markets, including industrial, fire and safety, life science, and water. The firm's business is organized into three segments: fluid and metering technologies, health and science technologies, and fire and safety and diversified products. Based in Lake Forest, Illinois, Idex has manufacturing operations in over 20 countries and has over 7,000 employees. The company generated $3.3 billion in revenue in 2023.

IDEX: Financial Performance Dissected

Positive Revenue Trend: Examining IDEX's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 0.6% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving ...

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