|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||164.30 - 165.30|
|52 Week Range||114.90 - 167.75|
|Beta (5Y Monthly)||0.86|
|PE Ratio (TTM)||36.65|
|Forward Dividend & Yield||3.16 (1.92%)|
|Ex-Dividend Date||May 10, 2021|
|1y Target Est||N/A|
Novanta Inc (NASDAQ: NOVT) inked an agreement to acquire Schneider Electric Motion USA (SEM, IMS, or Intelligent Motion Systems) for $115 million in cash. The transaction is likely to close in Q3 of 2021. SEM is a motion control components manufacturer of automation equipment. The business develops critical solutions for applications demanding exact, controlled movement in medical instruments, lab automation, robotics, and other advanced manufacturing applications. It is likely to be accretive t
Clim8, a green investment app, raised £2m this week. Sugi, an app that lets people measure the climate impact of their investments, will launch imminently.
Schneider, which sells products ranging from electrical car chargers to industrial robotics, is now targeting a 14%-20% increase in 2021 adjusted earnings before interest, taxes and amortisation (EBITA) with revenues likely to gain 8%-11%. It had previously forecast adjusted EBITA growth of 9%-15% for this year, from revenues up 5%-8%. "We did see increased tensions in the supply chain over the first quarter," finance chief Hilary Maxson told Reuters in a call, citing weather conditions in the United States, the Suez Canal and accelerating demand.