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Forex

RBC Trims Stake in IDEX Amid Strong Earnings Beat

Guavy AI Editorial Team
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CAD
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Royal Bank of Canada reduced its stake in IDEX Corporation by 6.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.

The fund owned 89,664 shares of the industrial products company's stock after selling 6,645 shares during the period.

IDEX has reported strong quarterly earnings, beating analysts' expectations with $2.32 earnings per share for the quarter.

Seven equities research analysts have rated IDEX with a 'Buy' rating and two have assigned a 'Hold' rating to the company.

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