114,952 Shares in Jabil, Inc. $JBL Bought by Ceredex Value Advisors LLC
Ceredex Value Advisors LLC has acquired a new stake of 114,952 shares in Jabil, Inc. (NYSE:JBL), valued at approximately $44.31 million, making Jabil its 10th biggest position and 1.2% of its investment portfolio. Other hedge funds also increased their positions in Jabil, while EVP Matthew Crowley sold 94 shares. Jabil recently announced strong quarterly earnings, exceeding analyst expectations, and declared a quarterly dividend.
26,097 Shares in Rockwell Automation, Inc. $ROK Acquired by Ceredex Value Advisors LLC
Ceredex Value Advisors LLC recently acquired 26,097 shares of Rockwell Automation (ROK) worth approximately $12.9 million, making them one of many institutional investors holding 75.75% of the company's stock. Rockwell Automation reported strong Q2 earnings, beating estimates with $3.49 EPS and revenue up 7.9%, and maintained its FY2026 EPS guidance while also announcing a $1.38 quarterly dividend and a $1 billion share repurchase program. Despite these positive financial indicators and several analyst price target increases, the stock currently holds a consensus "Hold" rating with an average target price of $468.67.
Great Lakes Advisors LLC Acquires Shares of 21,561 PACCAR Inc. $PCAR
Great Lakes Advisors LLC has acquired a new stake of 21,561 shares in PACCAR Inc. (NASDAQ:PCAR) during the second quarter, valued at approximately $2.59 million. Other institutional investors like Nomura Asset Management Co. Ltd., Geode Capital Management LLC, and Vanguard Group Inc. also modified their holdings, with Vanguard being the largest institutional holder. Analysts have raised PACCAR's multi-year earnings forecasts, indicating improving confidence in its future performance, while the company has also announced a quarterly dividend of $0.35 per share.
Danske Bank A S Invests $16.82 Million in IDEX Corporation $IEX
Danske Bank A S has significantly invested in IDEX Corporation (NYSE:IEX), purchasing 74,100 shares valued at approximately $16.82 million, representing 0.10% of IDEX's total stock. This investment comes amidst various other institutional activities, including new positions by several hedge funds and a recent insider stock sale by CAO Lisa M. Anderson. Analyst ratings for IDEX are largely positive, with a "Moderate Buy" consensus and an average target price of $260.80, supported by the company's strong Q2 earnings, revenue beats, and positive earnings forecast revisions.
Morgan Stanley upgrades Ternium stock rating on tariff outlook
Morgan Stanley has upgraded Ternium S.A. (NYSE:TX) from Equalweight to Overweight, raising its price target to $65.00 from $55.00. This upgrade is driven by an anticipated improvement in the North American tariff environment for steel, coinciding with Ternium's completed investment cycle. The firm expects reduced U.S. import tariffs on Mexican steel and a subsequent increase in Mexican steel import tariffs, which would boost Ternium's profitability and free cash flow.
Advisors Capital Management LLC Invests $45.91 Million in Lockheed Martin Corporation $LMT
Advisors Capital Management LLC has acquired a new position in Lockheed Martin Corporation, investing approximately $45.91 million by purchasing 90,123 shares. This institutional activity comes amidst various analyst rating changes and positive news regarding Lockheed Martin's defense contracts and potential undervaluation. The company recently declared a quarterly dividend of $3.45 per share, reflecting a 2.4% yield.
Danske Bank A S Invests $22.67 Million in Jabil, Inc. $JBL
Danske Bank A S recently invested $22.67 million in Jabil, Inc. by acquiring 58,799 shares of the company's stock, bringing their total ownership to 0.06%. This comes as Jabil reported strong quarterly results, exceeding revenue and EPS estimates, and announced a quarterly dividend. Analyst sentiment remains largely positive with a "Buy" consensus rating for the company.
42,883 Shares in Hubbell Inc $HUBB Purchased by Danske Bank A S
Danske Bank A S recently acquired 42,883 shares of Hubbell Inc (NYSE:HUBB) during the second quarter, a stake valued at approximately $22.4 million. Hubbell reported strong quarterly earnings, surpassing analyst expectations with $5.52 EPS and $1.71 billion in revenue, and announced a quarterly dividend of $1.42 per share. Institutional investors and hedge funds own a significant 88.16% of the company's stock, while analysts maintain a "Moderate Buy" consensus rating with an average price target of $553.89.
Advisors Capital Management LLC Buys New Shares in The Sherwin-Williams Company $SHW
Advisors Capital Management LLC has purchased 14,614 new shares of The Sherwin-Williams Company (NYSE:SHW) valued at approximately $5.03 million during the second quarter. Other institutional investors like Vanguard Group Inc., BlackRock Inc., and State Street Corp have also recently adjusted their holdings in the company. Sherwin-Williams reported strong Q2 earnings, exceeding analyst estimates, and announced a quarterly dividend of $0.80 per share.
BlackRock Inc. Purchases New Holdings in Ball Corporation $BALL
BlackRock Inc. has acquired a significant new position in Ball Corporation (NYSE:BALL) during the second quarter, purchasing over 21 million shares valued at approximately $1.31 billion, representing 7.94% ownership. This move comes amidst mixed analyst sentiments and other institutional investor activity, with some increasing their stakes while forecasts for future EPS show both upward and downward revisions for different periods. Ball Corporation recently exceeded Q2 earnings and revenue expectations and announced a quarterly dividend of $0.20 per share.
Danske Bank A S Purchases Shares of 156,978 PPG Industries, Inc. $PPG
Danske Bank A S acquired 156,978 shares of PPG Industries, Inc. (NYSE:PPG) in the second quarter, totaling approximately $19.04 million. Other institutional investors like BlackRock Inc. and Pzena Investment Management LLC also significantly increased their holdings. Analysts currently have a consensus "Hold" rating on PPG with a target price of $126.00, and the company recently announced an increased quarterly dividend.
739,330 Shares in Textron Inc. $TXT Purchased by Deutsche Bank AG
Deutsche Bank AG recently acquired a new position in Textron Inc. (NYSE:TXT), purchasing 739,330 shares valued at approximately $67.8 million during the second quarter. This acquisition makes Deutsche Bank AG one of many institutional investors increasing their stakes in the aerospace company. Textron has also reported strong earnings, beating analyst estimates, and declared a quarterly dividend.
B. Metzler seel. Sohn & Co. AG Invests $33.12 Million in Fastenal Company $FAST
B. Metzler seel. Sohn & Co. AG recently acquired a new position in Fastenal Company (NASDAQ:FAST), purchasing 689,676 shares valued at approximately $33.12 million. Other institutional investors have also made new investments in Fastenal, while some directors have sold shares. The company reported strong Q2 earnings, exceeding revenue estimates, and increased its quarterly dividend.
Bank of New York Mellon Corp Invests $659 Million in Emerson Electric Co. $EMR
Bank of New York Mellon Corp has acquired a significant new stake in Emerson Electric Co., purchasing 4.6 million shares valued at approximately $659 million, which represents 0.82% of the company. Other institutional investors also adjusted their holdings, with overall institutional ownership reaching 74.3%. Emerson Electric recently exceeded quarterly earnings expectations, reporting $1.71 EPS and $4.87 billion in revenue, and analysts maintain a "Moderate Buy" rating with an average price target of $166.96.
89,983 Shares in Emerson Electric Co. $EMR Purchased by Advisors Capital Management LLC
Advisors Capital Management LLC recently acquired 89,983 shares of Emerson Electric Co. ($EMR) stock, valued at approximately $12.88 million, according to its latest SEC filing. Other major institutional investors like Vanguard Group Inc., BlackRock Inc., and State Street Corp also significantly modified their holdings in Emerson Electric. The article also notes recent insider selling by CEO Surendralal Lanca Karsanbhai and provides an overview of analyst ratings, financial performance, and dividend information for Emerson Electric.
Allworth Financial LP Takes $22.09 Million Position in Cummins Inc. $CMI
Allworth Financial LP acquired a new stake worth approximately $22.09 million in Cummins Inc. during the second quarter. Other institutional investors have also adjusted their holdings in Cummins, which recently announced an increased quarterly dividend of $2.20 per share. The company reported its Q2 earnings, missing consensus estimates on EPS but exceeding revenue forecasts, and analysts have issued various ratings and price targets for its stock.
Allworth Financial LP Makes New $9.24 Million Investment in The Boeing Company $BA
Allworth Financial LP has made a new investment of $9.24 million in The Boeing Company, purchasing 42,666 shares. This move is part of broader institutional investor activity in Boeing, with several other hedge funds also acquiring stakes. The article details Boeing's recent financial performance, analyst ratings, and key news impacting the company, including potential defense sales and ongoing labor and production challenges.
B. Metzler seel. Sohn & Co. AG Purchases Shares of 69,492 Emerson Electric Co. $EMR
B. Metzler seel. Sohn & Co. AG recently acquired 69,492 shares of Emerson Electric Co. (NYSE:EMR) for approximately $9.95 million during the second quarter. Other institutional investors also adjusted their positions in EMR. The article details Emerson Electric's stock performance, recent earnings, dividend announcement, analyst ratings, and insider trading activity, including a sale by CEO Surendralal Lanca Karsanbhai.
27,617 Shares in Rockwell Automation, Inc. $ROK Acquired by B. Metzler seel. Sohn & Co. AG
B. Metzler seel. Sohn & Co. AG recently acquired 27,617 shares of Rockwell Automation, Inc. (NYSE:ROK) stock, valued at approximately $13.67 million. This comes as other institutional investors have also adjusted their holdings in the industrial products company. Rockwell Automation's stock currently has a "Hold" consensus rating from analysts, with an average target price of $468.67, and the company recently reported strong quarterly earnings and announced a quarterly dividend.
B. Metzler seel. Sohn & Co. AG Takes $11.15 Million Position in PACCAR Inc. $PCAR
B. Metzler seel. Sohn & Co. AG has acquired a new stake in PACCAR Inc. (NASDAQ:PCAR) during the second quarter, purchasing 92,858 shares valued at approximately $11.15 million. This move is part of broader institutional investment activity in PACCAR, with other major firms like BlackRock Inc. and Norges Bank also increasing their positions. The article also highlights positive sentiment from analysts who have raised earnings forecasts for PACCAR, and details recent insider trading activity and dividend announcements.
Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies: Lowe’s (LOW), Home Depot (HD) and General Motors (GM)
Analysts are presenting conflicting sentiments on major consumer cyclical companies Lowe's (LOW), Home Depot (HD), and General Motors (GM). KeyBanc maintained a Buy rating for Lowe's, while Raymond James reiterated a Hold rating for Home Depot. Wells Fargo, however, maintained a Sell rating for General Motors.
IDEX Corporation (IEX) Sees New Investment From BlackRock Inc.
BlackRock Inc. has acquired a new stake in IDEX Corporation (NYSE:IEX), purchasing over 5.7 million shares valued at approximately $1.3 billion, representing 7.78% of the company. Other institutional investors also adjusted their positions in IEX. The article also covers recent analyst sentiment, including upward revisions to earnings forecasts by Zacks Research, a recent board resignation, and IDEX's financial performance and dividend announcement.
B. Metzler seel. Sohn & Co. AG Takes Position in Xylem Inc. $XYL
B. Metzler seel. Sohn & Co. AG recently acquired a new stake in Xylem Inc. (NYSE:XYL), purchasing 67,535 shares valued at approximately $7.98 million. This move is part of broader institutional investment trends, with several other hedge funds also taking new positions in the industrial products company. Xylem recently reported strong quarterly earnings, beating consensus estimates, and announced a quarterly dividend, reinforcing its financial stability and appeal to investors.
192,199 Shares in Howmet Aerospace Inc. $HWM Bought by B. Metzler seel. Sohn & Co. AG
B. Metzler seel. Sohn & Co. AG recently acquired 192,199 shares of Howmet Aerospace Inc. (NYSE:HWM) for approximately $51.68 million in the second quarter. Other institutional investors also increased their stakes in the company, bringing total institutional ownership to 90.46%. Analysts have given Howmet Aerospace a "Moderate Buy" rating with a consensus price target of $315.67, following strong Q2 earnings that beat expectations and a recent dividend increase.
Bank of New York Mellon Corp Invests $973.20 Million in Cummins Inc. $CMI
Bank of New York Mellon Corp has acquired a new stake in Cummins Inc. (NYSE:CMI) valued at approximately $973.20 million during the second quarter, purchasing 1,364,532 shares. This makes Bank of New York Mellon Corp the owner of about 0.99% of Cummins. Other institutional investors have also significantly increased their positions in the company, while analysts maintain a "Moderate Buy" rating with an average target price of $745.64 for the stock.
4,090,475 Shares in Howmet Aerospace Inc. $HWM Purchased by Bank of New York Mellon Corp
Bank of New York Mellon Corp has purchased a significant new stake of 4,090,475 shares in Howmet Aerospace Inc. (NYSE:HWM), valued at approximately $1.1 billion. This makes Bank of New York Mellon Corp one of several institutional investors that have recently modified their holdings in Howmet Aerospace. The company recently increased its quarterly dividend and analysts maintain a "Moderate Buy" consensus rating with a target price of $315.67.
Bank of New York Mellon Corp Takes $783.14 Million Position in Hubbell Inc $HUBB
Bank of New York Mellon Corp has acquired a significant new stake in Hubbell Inc (NYSE:HUBB) during the second quarter, purchasing over 1.49 million shares valued at approximately $783.14 million. This move makes Bank of New York Mellon Corp one of the largest institutional holders, owning about 2.83% of Hubbell's stock. Other institutional investors also adjusted their positions in HUBB, and the company recently announced a quarterly dividend and exceeded analyst earnings estimates for the last quarter.
Bank of New York Mellon Corp Acquires Shares of 3,139,561 Packaging Corporation of America $PKG
Bank of New York Mellon Corp has acquired a significant new stake in Packaging Corporation of America (NYSE:PKG), purchasing 3,139,561 shares valued at approximately $748.1 million, which gives them a 3.52% ownership. This move comes as institutional investors collectively own 89.78% of PKG, and analysts maintain a "Moderate Buy" rating with a target price of $264.57. Packaging Corporation of America recently reported strong quarterly earnings, beating estimates and showing a 14.7% year-over-year revenue increase, though some insider selling has occurred.
Bank of New York Mellon Corp Acquires New Shares in Parker-Hannifin Corporation $PH
Bank of New York Mellon Corp has acquired 728,153 shares of Parker-Hannifin Corporation (NYSE:PH), valued at approximately $712.2 million, representing a 0.58% stake in the industrial products company. This purchase is part of broader institutional investment, with various other hedge funds also adjusting their positions in Parker-Hannifin. The company recently reported strong quarterly earnings, beating analyst estimates with an EPS of $9.27 and a 9.8% year-over-year revenue increase to $5.75 billion, leading to a "Moderate Buy" consensus rating from analysts.
Bank of New York Mellon Corp Takes $747.76 Million Position in The Boeing Company $BA
Bank of New York Mellon Corp has acquired 3.45 million shares of The Boeing Company, valued at approximately $747.8 million, representing a 0.44% stake. Institutional investors collectively hold 64.82% of Boeing, and analysts largely maintain a "Moderate Buy" rating with an average price target of $272.58. Despite recent challenges like a missed EPS estimate and ongoing concerns about debt and potential labor disruptions, Boeing's revenue increased 8% year-over-year.
Bank of New York Mellon Corp Takes Position in Fastenal Company $FAST
Bank of New York Mellon Corp has acquired a significant new position in Fastenal Company, purchasing over 17.8 million shares valued at approximately $859 million, representing 1.56% of the company. Other institutional investors have also adjusted their holdings. Fastenal recently reported strong quarterly earnings, beating revenue expectations and increasing its quarterly dividend, while some insiders have sold shares.
B. Metzler seel. Sohn & Co. AG Makes New $15.08 Million Investment in Cummins Inc. $CMI
B. Metzler seel. Sohn & Co. AG has acquired a new position in Cummins Inc. (NYSE:CMI), purchasing 21,138 shares valued at approximately $15.08 million in the second quarter. This move comes as institutional investors collectively own 83.46% of Cummins, and analysts generally hold a "Moderate Buy" consensus rating with an average price target of $745.64. Despite missing earnings expectations, Cummins reported a 9.4% year-over-year revenue increase and raised its quarterly dividend to $2.20 per share, indicating a 1.5% yield.
Allworth Financial LP Invests $4.82 Million in Howmet Aerospace Inc. $HWM
Allworth Financial LP has acquired a new position in Howmet Aerospace Inc. (NYSE:HWM), purchasing 17,930 shares valued at approximately $4.82 million during the second quarter. This move is part of broader institutional interest, with 90.46% of Howmet's stock owned by hedge funds and other institutional investors. Analysts generally maintain a "Moderate Buy" rating for HWM, with a consensus target price of $315.67, and the company recently increased its quarterly dividend.
Allworth Financial LP Takes $10.29 Million Position in Hubbell Inc $HUBB
Allworth Financial LP has acquired a new position in Hubbell Inc. (NYSE:HUBB) during the second quarter, purchasing 19,670 shares valued at approximately $10.29 million. Other institutional investors like BlackRock Inc., Wellington Management Group LLP, and State Street Corp have also significantly increased their holdings in Hubbell. The company recently posted strong earnings, exceeding analyst estimates, and declared a quarterly dividend of $1.42 per share.
Allworth Financial LP Acquires Shares of 4,733 W.W. Grainger, Inc. $GWW
Allworth Financial LP has acquired a new stake of 4,733 shares in W.W. Grainger, Inc. (NYSE:GWW), valued at approximately $6.44 million, during the second quarter. This move is part of broader institutional investment trends, with other major firms also adjusting their positions in the industrial products company. Analyst ratings for W.W. Grainger are mixed, with a consensus "Hold" rating and a target price of $1,274.12, reflecting both positive developments like improved earnings outlooks and a new distribution center, and some tempered near-term earnings forecasts.
Parker-Hannifin Corporation $PH Shares Bought by Allworth Financial LP
Allworth Financial LP increased its stake in Parker-Hannifin Corporation (NYSE:PH) by 11.8% in the second quarter, bringing its total holdings to 15,111 shares valued at $14.78 million. Other institutional investors also adjusted their positions in the company. Parker-Hannifin reported strong quarterly earnings, beating analyst estimates, and has a "Moderate Buy" consensus rating from analysts with an average price target of $1,100.00.
Allworth Financial LP Invests $16.57 Million in Honeywell Aerospace $HONA
Allworth Financial LP has acquired a new stake worth approximately $16.57 million in Honeywell Aerospace (NASDAQ: HONA), purchasing 74,028 shares during the second quarter. Other institutional investors like BlackRock Inc. and Bank of New York Mellon Corp also significantly increased their holdings. Analyst sentiment on Honeywell Aerospace is mixed, with Morgan Stanley upgrading it to "Overweight" due to an attractive entry point, while other analysts maintain varying ratings and price targets amidst broader market uncertainties.
Fortive stock steadies after dividend hike and fresh 2026 EPS guidance
Fortive stock is stabilizing after announcing a dividend increase and providing detailed fiscal 2026 EPS guidance. The company raised its quarterly dividend by 17% to $0.07 per share and set its 2026 EPS guidance between $2.95 and $3.05, with analysts forecasting $3.01. Despite a 7.7% dip post-Q2 earnings, the stock maintains a "Hold" rating and a consensus price target of $63.10, suggesting potential upside.
Emerson Electric Co. (NYSE:EMR) Given Average Rating of "Moderate Buy" by Analysts
Emerson Electric Co. (NYSE:EMR) has received a consensus "Moderate Buy" rating from analysts, with an average 12-month price target of $166.96, exceeding its current share price of $154.93. The company surpassed quarterly earnings expectations and reaffirmed its fiscal 2026 EPS guidance, while institutional investors hold a significant portion of its shares. Insider selling by the CEO was also noted, alongside recent acquisitions by major institutional investors.
Stanley Black & Decker stock holds gains as 2026 outlook and $1 billion U.S. investment reshape the story
Stanley Black & Decker's stock is trading near $100, supported by a raised 2026 earnings outlook of $4.90 to $5.70 per share and a new $1 billion U.S. investment plan through 2028. This investment will focus on R&D and manufacturing capacity, alongside a $60 million commitment to the DEWALT Grow the Trades initiative. Despite a consensus "Hold" rating and an average price target below the current stock price, analysts have revised 2026 EPS estimates upward, reflecting positive momentum in engineered fastening and strong technical indicators.
Analog Devices (ADI) Stock Margins Hit 50% As Cash Engine Strengthens
Analog Devices (ADI) recently reported a strong Q3 2026 with record revenue and non-GAAP EPS, and achieved a 50% operating margin, with guidance for 52% in Q4. Despite a recent dip in stock price, the company's robust margins and cash flow from industrial and automotive segments are seen as positive indicators for long-term growth, challenging bearish views on AI saturation and market overexposure. The article suggests that ADI's performance indicates a strengthening "margin engine" driven by higher value content.
Detroit Ethics Board to investigate top city lawyer for side job at Lear
The Detroit Board of Ethics has voted to investigate Conrad Mallett, the city's top attorney, for allegedly violating ethics ordinances by serving as a paid director for Lear Corp., a company receiving city tax breaks, and failing to disclose his son's city employment. The investigation stems from reports that Mallett received $1.8 million from Lear while holding city posts and did not disclose this income or his son's job to the ethics board. Concerns have also been raised about potential conflicts of interest, as the ethics board relies on attorneys from Mallett's department for legal advice.
TIC training program, expanded to Vicksburg, earns state hon...
The Industrial Company (TIC) received the 2026 Instant Impact Award for its Pre-Apprenticeship Program, which has expanded to Vicksburg. All 12 graduates of Vicksburg's first cohort received job offers, and a second cohort is currently underway. The program provides NCCER Core training, connecting participants with available jobs at TIC.
Steelworkers warn PM: Learn from ArcelorMittal
The Steel Workers Union of Trinidad and Tobago (SWUTT) is urging Prime Minister Kamla Persad-Bissessar to consider the past experience with ArcelorMittal as the former steel plant prepares to reopen. The union president, Timothy Bailey, hopes the Prime Minister will take a different approach than previous administrations to protect the interests of the people of Trinidad and Tobago, especially since she rejected the union's call for a role in the plant's reopening. The plant, idle since 2016, is being refurbished by Ibis Steel, backed by US-based Pinnacle Steel and Vanadium, with a planned US$750 million investment and up to 1,000 permanent jobs.
IFRA Top Holdings List & Exposure (iShares U.S. Infrastructure ETF)
This article details the top holdings and exposure of the iShares U.S. Infrastructure ETF (IFRA). It lists the top 25 stock holdings, including Union Pacific, NextEra Energy, and Caterpillar, which collectively account for 58.77% of the fund. The report also breaks down IFRA's geographic, currency, sector, industry, and sub-industry exposures, showing a strong focus on U.S. utilities and industrials.
General Motors collects data for self-driving technology in Fort Myers
General Motors is collecting data in Fort Myers, Florida, using specialized vehicles equipped with cameras, radar, and lidar to develop future autonomous driving technology. While competitors like Waymo already offer driverless taxi services, GM is focusing on creating "eyes-off" driving systems for cars that consumers can own, with a planned launch in 2028 starting with the Cadillac Escalade IQ. The company aims to enhance driving convenience and safety, despite public skepticism and challenges faced by existing self-driving services.
Texas Instruments' MSPM0G5187 Mixed-Signal MCUs, Now Available at Mouser, Enable Edge AI in Any Device
Mouser Electronics is now stocking Texas Instruments' MSPM0G5187 mixed-signal microcontrollers (MCUs), which feature an Arm® Cortex®-M0+ 32-bit core and an edge AI neural processing unit (NPU) accelerator. These MCUs are designed for low-power, high-performance applications requiring up to 128KB flash memory and include advanced security features, USB 2.0 connectivity, and high-performance analog modules. The LP-MSPM0G5187 LaunchPad™ development kit is also available to facilitate development for diverse applications like home appliances, medical devices, and wearables.
Detroit Chevy ad depicting Austin skyline not a mistake, company says
A recent Chevrolet ad aired in metro Detroit caused confusion by featuring the Austin, Texas, skyline instead of Detroit's. Chevrolet clarified that the footage was part of a national campaign distributed to local dealer groups, not specifically intended to depict Detroit. The company has since updated the ad to prevent further misunderstandings.
James Hardie sells European Fermacell business to Holcim for €840 million
James Hardie Industries PLC has agreed to sell its European Fermacell business to Holcim for €840 million in cash, signaling an exit from Europe to focus on higher-growth markets. The transaction, which includes the fermacell and Aestuver brands, is expected to improve James Hardie's margin profile, strengthen its balance sheet through debt reduction, and support shareholder returns via a US$250 million share repurchase program. The deal is anticipated to close in the first half of 2027, subject to regulatory approvals.
Plexus (NASDAQ:PLXS) CEO Todd Kelsey Sells 1,500 Shares
Plexus (NASDAQ:PLXS) CEO Todd Kelsey sold 1,500 shares of the company's stock for approximately $376,470 under a pre-arranged trading plan, reducing his direct ownership by 2.23%. Despite the insider sale, Plexus reported strong quarterly earnings and revenue that exceeded analyst expectations, with revenue increasing 28.2% year over year. The company maintains a "Buy" rating from analysts with an average price target of $273, and institutional investors hold a significant portion of its outstanding shares.
