Why Frederik Mohn Purchases 2.00 million Stock of Transocean Ltd?; Last Week IDEX (IEX) Coverage

Frederik Mohn is the director of Transocean Ltd. He a few days ago picked up 2.00 million shares in the Switzerland-based company with the deal value amounting to roughly $18.58 million U.S Dollars . This number is according to the filing revealed price of $9.3 a share. The probability of this trade remaining disregarded is very low because it’s big one, with the director now holding 33.10 million shares — that is 10%+ of the Company’s market capitalization.

Among 15 analysts covering IDEX Corporation (NYSE:IEX), 2 have Buy rating, 0 Sell and 13 Hold. Therefore 13% are positive. IDEX Corporation had 53 analyst reports since September 29, 2015 according to SRatingsIntel. On Monday, October 16 the stock rating was maintained by BMO Capital Markets with “Hold”. BMO Capital Markets maintained it with “Hold” rating and $104 target in Monday, April 24 report. Stifel Nicolaus maintained it with “Hold” rating and $132.0 target in Sunday, December 10 report. The stock has “Hold” rating by SunTrust on Wednesday, January 31. The stock of IDEX Corporation (NYSE:IEX) has “Hold” rating given on Tuesday, January 30 by RBC Capital Markets. The rating was downgraded by RBC Capital Markets on Wednesday, December 7 to “Sector Perform”. The firm earned “Buy” rating on Monday, April 24 by Robert W. Baird. The stock of IDEX Corporation (NYSE:IEX) earned “Buy” rating by Janney Capital on Tuesday, July 19. The rating was maintained by SunTrust with “Hold” on Monday, October 16. As per Tuesday, November 3, the company rating was initiated by Suntrust Robinson. See IDEX Corporation (NYSE:IEX) latest ratings:

01/02/2018 Broker: Seaport Global Rating: Hold New Target: $130.0 Maintain
31/01/2018 Broker: SunTrust Rating: Hold New Target: $145.0 Maintain
30/01/2018 Broker: RBC Capital Markets Rating: Hold New Target: $148.0 Maintain
31/01/2018 Broker: Wells Fargo Rating: Buy New Target: $165.0 Maintain
30/01/2018 Broker: Robert W. Baird Rating: Buy New Target: $156.0 Maintain
28/01/2018 Broker: Cowen & Co Rating: Hold New Target: $120.0 Maintain
25/01/2018 Broker: BMO Capital Markets Rating: Hold New Target: $133.0 Maintain
23/01/2018 Broker: UBS Rating: Neutral Initiates Coverage On
18/01/2018 Broker: Wells Fargo Rating: Buy New Target: $155.0 Maintain
16/01/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $145.0 Maintain

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.30, from 1.25 in 2017Q2. It dived, as 66 investors sold Transocean Ltd. shares while 107 reduced holdings. 54 funds opened positions while 110 raised stakes. 280.42 million shares or 7.79% more from 260.14 million shares in 2017Q2 were reported. Johnson Financial Group Inc Inc holds 0% in Transocean Ltd. (NYSE:RIG) or 1,726 shares. Arrow Fincl invested in 1,000 shares or 0% of the stock. Blackrock Inc reported 34.95M shares or 0.02% of all its holdings. Thompson Rubinstein Invest Management Or holds 134,991 shares. Principal Financial Group Incorporated stated it has 2.54M shares. Barclays Pcl reported 801,896 shares. Canada Pension Plan Invest Board has 1.80M shares for 0.04% of their portfolio. Northern Tru Corporation has invested 0.01% in Transocean Ltd. (NYSE:RIG). Exane Derivatives accumulated 44,984 shares. Gp One Trading L P accumulated 374,426 shares. 31,153 are held by Ls Invest Limited Co. Vertex One Asset Inc reported 1.05% of its portfolio in Transocean Ltd. (NYSE:RIG). Amg Funds Ltd Liability Com invested in 0.22% or 37,253 shares. Cognios Capital Ltd Liability Corporation stated it has 0.06% of its portfolio in Transocean Ltd. (NYSE:RIG). Goldman Sachs Grp Inc reported 4.01M shares.

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for gas and oil wells worldwide. The company has market cap of $4.43 billion. The firm primarily offers deepwater and harsh environment drilling services. It currently has negative earnings. As of February 9, 2017, it owned or had partial ownership interests in, and operated 56 mobile offshore drilling units that consist of 30 ultra-deepwater floaters, 7 harsh environment floaters, 3 deepwater floaters, 6 midwater floaters, and 10 high-specification jackups.

The stock increased 1.79% or $0.17 during the last trading session, reaching $9.65. About 10.54M shares traded. Transocean Ltd. (NYSE:RIG) has risen 15.86% since March 6, 2017 and is uptrending. It has underperformed by 0.84% the S&P500.

Among 40 analysts covering Transocean Ltd (NYSE:RIG), 15 have Buy rating, 10 Sell and 15 Hold. Therefore 38% are positive. Transocean Ltd has $21 highest and $2 lowest target. $12.10’s average target is 25.39% above currents $9.65 stock price. Transocean Ltd had 105 analyst reports since August 7, 2015 according to SRatingsIntel. Arctic Securities upgraded Transocean Ltd. (NYSE:RIG) on Thursday, January 5 to “Buy” rating. The stock of Transocean Ltd. (NYSE:RIG) has “Sell” rating given on Tuesday, October 17 by BMO Capital Markets. The stock has “Market Perform” rating by Bernstein on Thursday, July 6. On Friday, March 24 the stock rating was initiated by Tudor Pickering with “Hold”. The rating was maintained by Citigroup on Monday, May 16 with “Sell”. Citigroup maintained the shares of RIG in report on Wednesday, March 16 with “Sell” rating. The firm has “Neutral” rating given on Wednesday, August 9 by Goldman Sachs. The rating was maintained by Barclays Capital with “Underweight” on Monday, August 7. On Tuesday, August 15 the stock rating was maintained by Jefferies with “Hold”. Sidoti initiated Transocean Ltd. (NYSE:RIG) on Friday, January 15 with “Buy” rating.

Since February 13, 2018, it had 0 buys, and 1 sale for $84,510 activity. On Tuesday, February 13 the insider Tonnel David A sold $84,510.

IDEX Corporation, through its subsidiaries, provides various pumps, flow meters, other fluidics systems and components, and engineered products worldwide. The company has market cap of $10.63 billion. The Company’s Fluid & Metering Technologies segment designs, produces, and distributes positive displacement pumps, flow meters, injectors, other fluid-handling pump modules and systems, and specialty valve products, as well as offers flow monitoring and other services for food, chemical, general industrial, water and wastewater, agricultural, and energy industries. It has a 31.86 P/E ratio. The companyÂ’s Health & Science Technologies segment designs, produces, and distributes precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction, and drying systems for use in beverage, food processing, pharmaceutical, and cosmetics; pneumatic components and sealing solutions, such as pumping solutions for analytical instrumentation, clinical diagnostics, and drug discovery; biocompatible medical devices and implantables; and air compressors for medical, dental, and industrial applications.

Investors sentiment decreased to 1.03 in Q3 2017. Its down 0.21, from 1.24 in 2017Q2. It dropped, as 20 investors sold IDEX Corporation shares while 114 reduced holdings. 48 funds opened positions while 90 raised stakes. 73.36 million shares or 1.59% less from 74.55 million shares in 2017Q2 were reported. Capital Int Ca accumulated 59,004 shares. Washington Tru Bank owns 0.02% invested in IDEX Corporation (NYSE:IEX) for 1,232 shares. Trexquant Ltd Partnership reported 2,791 shares. Hilltop reported 0.56% in IDEX Corporation (NYSE:IEX). Dekabank Deutsche Girozentrale stated it has 0% of its portfolio in IDEX Corporation (NYSE:IEX). The Arizona-based Arizona State Retirement System has invested 0.06% in IDEX Corporation (NYSE:IEX). Driehaus Capital Management Ltd Liability Company has 8,091 shares. Texas Permanent School Fund has 0.09% invested in IDEX Corporation (NYSE:IEX) for 55,794 shares. Fdx Advsr Inc reported 0.04% in IDEX Corporation (NYSE:IEX). Us Comml Bank De has 0% invested in IDEX Corporation (NYSE:IEX) for 2,362 shares. Jane Street Group Incorporated Ltd holds 12,912 shares or 0.01% of its portfolio. Comerica Commercial Bank owns 63,766 shares or 0.06% of their US portfolio. Grandeur Peak Global Advsr Ltd Limited Liability Company accumulated 1.14% or 61,275 shares. Advisers Limited Co reported 1,926 shares or 0% of all its holdings. Leucadia Natl Corporation holds 0.03% or 2,976 shares in its portfolio.