Latest news with #MottCorporation
Yahoo
23-06-2025
- Business
- Yahoo
Is IDEX Stock Underperforming the S&P 500?
With a market cap of $13.1 billion, IDEX Corporation (IEX) is an Illinois-based industrial company that makes mission-critical fluidics systems, pumps, and safety equipment. It operates in niche markets like life sciences, fire & rescue, and precision engineering. Companies valued at $10 billion or more are generally considered 'large-cap' stocks, and IDEX fits this criterion perfectly. Known for its decentralized structure and strong innovation culture, IDEX serves global industries with reliable, high-margin products. It recently acquired Mott Corporation to expand in the biotech and semiconductor markets. Robotaxis, Powell and Other Key Things to Watch this Week Make Over a 2.4% One-Month Yield Shorting Nvidia Out-of-the-Money Puts Is Quantum Computing (QUBT) Stock a Buy on This Bold Technological Breakthrough? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Despite its notable strengths, IEX shares have retreated 27.3% from their 52-week high of $238.22 touched on Nov. 6. Shares of the company declined 5.8% over the past three months, trailing the S&P 500 Index's ($SPX) 5.4% uptick during the same time frame. IEX stock is down 17.3% on a YTD basis, lagging behind $SPX's 1.5% rise. In addition, shares of IDEX have dropped 14.8% over the past 52 weeks, compared to $SPX's 9% rally over the same time frame. The stock has been trading below its 200-day moving average since early February and under its 50-day moving average for the past few trading sessions, indicating a downtrend. IDEX released Q1 2025 results on May 1, and its stock rose 3.5%. Its revenue rose 2% year-over-year to $814.3 million, and adjusted EPS stood at $1.75, both topping Wall Street estimates. While organic sales slipped 1%, the company recorded an all-time high in orders at $872 million, led by solid growth in its Health & Science Technologies and Fire & Safety/Diversified Products segments. Maintaining confidence in its outlook, IDEX reaffirmed full-year guidance of $8.10–$8.45 EPS and 1–3% organic sales growth. However, its rival, Eaton Corporation plc (ETN), has declined marginally on a YTD basis and has climbed 2.5% over the past year, outpacing IEX. The stock has a consensus rating of 'Moderate Buy' from 11 analysts covering it. Its mean price target of $208.10 represents a 20.2% potential upswing from the current market prices. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
05-03-2025
- Business
- Yahoo
United States Department of Defense Awards Mott Corporation $1.9 Million Agreement for the Joint Hypersonics Transition Office
New Agreement Reinforces Mott's Commitment to Strengthen National Security and Defense Industrial Base FARMINGTON, Conn., March 5, 2025 /PRNewswire/ -- Mott Corporation, a leading innovator in metallic filtration & fluid flow solutions, announced today a $1.9 million Other Transaction (OT) Agreement award from the Department of Defense. This OT Agreement is specifically aimed at advancing a prototype development for additively manufactured componentry, utilizing advanced porous materials on Hypersonics systems. "Mott has built a reputation for delivering disruptive solutions at record speed through collaboration with its customers," said Sean Kane, GM of Aerospace & Defense at Mott Corporation. "While defense and space industries are pushing technology boundaries, we also must drive cost savings for long-term sustainability. Mott is proud to embrace the challenge of furthering hypersonic technology and build on our heritage as a trusted partner in the defense industrial base." The OT Agreement through Naval Surface Warfare Center Crane Division (NSWC Crane), will support the Joint Hypersonics Transition Office. These high-performance systems require specialized light-weight designs that can withstand extreme conditions. This OT Agreement follows Mott's $10 million federal grant for clean energy technology. These two significant federal agreements underscore Mott's growing impact and leadership in delivering mission-critical, customizable solutions for the Department of Defense and other domestic partners. Mott's ability to meet the complex demands of these industries positions the organization as a key player in shaping the future of both defense and energy sectors. About Mott Corporation Mott Corporation, part of the IDEX Corporation portfolio, is a leading microfiltration business specializing in the design, customization, and manufacturing of sintered porous metal components and engineered solutions used in fluidic applications. Mott combines design expertise for thousands of applications with the power of cutting-edge technology to create highly engineered products. Founded in 1959 in Farmington, CT, Mott is globally known for its reliability and unmatched dependability, serving the highest-cost of failure applications. With approximately 500 employees, Mott partners with world-class customers with demanding technical specifications to design, engineer, produce, and employ innovative products to solve their most challenging filtration and flow control problems. For more information, visit or follow them on LinkedIn. For more information contact: Sean O'Brien (sobrien@ View original content to download multimedia: SOURCE Mott Corporation
