Get the latest news on First Trust Horizon Managed Volatility Small/Mid ETF stock with updates on market trends, financials, and analysis from Benzinga. Stay informed on HSMV performance

Latest First Trust Horizon Managed Volatility Small/Mid ETF  News | ARCA:HSMV | Benzinga

First Trust Horizon Managed Volatility Small/Mid ETF

Industrials

Financial Services

Real Estate

Consumer Cyclical

Utilities

Consumer Defensive

Technology

Healthcare

Basic Materials

Energy

Communication Services

Other

Under normal market conditions, the Fund seeks to achieve its investment objective by investing at least 80 percent of its net assets (including investment borrowings) in small- and/or mid-capitalization common stocks listed and traded on U.S. national securities exchanges that Horizon Investments, LLC (Horizon or the Sub-Advisor) believes exhibit low future expected volatility. The Fund defines small- and mid-capitalization companies as those that, at the time of investment, have a market capitalization between the minimum and maximum market capitalization of a widely recognized index of small- or mid-capitalization companies, respectively, based upon the composition of the index at the time of investment. As of October 31, 2023, the Fund considers small- and mid-capitalization companies to be those with a market capitalization between dollar 100 million and dollar 20 billion. The exact size of the companies included will change with market conditions and the Fund will not automatically sell or cease to purchase a stock that it already owns due to changes in market conditions. The Fund may also invest in the equity securities of real estate investment trusts (REITs).

Interdigital Inc

Cubesmart

LXP Industrial Trust

Commvault Systems Inc

United Therapeutics Corp

Chesapeake Utilities Corp

Evercore Inc.

Neurocrine Biosciences Inc

Globus Medical Inc

Plexus Cp

DCI Logo

Earnings

Equities

News

Guidance

Dividends

Movers

HSMV

O'Shares FTSE Russell Small Cap Quality Dividend ETF

OUSM

Donaldson Company reported first-quarter results, with sales up 6.4% Y/Y to $900.1 million, led by higher volume growth. Adjusted EPS of $0.83 beat consensus, and the company reiterated its full-year outlook. 

Donaldson Beats On Q1 Earnings On Strong Volumes, Reaffirms FY25 Guidance

Donaldson Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCI#NYSE">DCI</a>) shares are trading lower after the company <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42284820/donaldson-reports-record-first-quarter-fiscal-2025-sales-and-earnings" rel="noreferrer noopener">reported&nbsp;first-quarter&nbsp;FY25 results</a>.



Sales increased&nbsp;6.4%&nbsp;year over year to&nbsp;$900.1 million,&nbsp;beating the consensus of&nbsp;$888.9 million, led by higher volume growth across all segments.



By Segment, Mobile Solutions sales surged&nbsp;6.0%, with Aftermarket sales climbing 10.7%, aided by market share gains and the impact of customer destocking in the prior-year period.



Industrial Solutions sales grew&nbsp;4.6%&nbsp;in the quarter, driven by a 26.8% surge in Aerospace and Defense sales on strong end-market conditions.



Life Sciences segment sales increased&nbsp;16.6%, led by market share gains, improved conditions in the Disk Drive market, and double-digit growth in Food &amp; Beverage sales.



Gross margin contracted 10 basis points to&nbsp;35.5%&nbsp;on higher costs. Adjusted EPS of&nbsp;83 cents&nbsp;<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beat the consensus of&nbsp;82 cents</a>.



In the quarter, Donaldson paid&nbsp;$32.4&nbsp;million&nbsp;in dividends and repurchased shares worth&nbsp;$74.9&nbsp;million.



Last month, the Board of Directors declared a cash dividend per share of 27.0 cents, payable on December 23, to&nbsp;shareholders <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b42146556/donaldson-company-declares-quarterly-cash-dividend" rel="noreferrer noopener">of record on December 9</a>.



Tod Carpenter, chairman, president, and chief executive officer, said, &#8220;We gained share in several of our key businesses while continuing the footprint and cost optimization initiatives we began last quarter, strengthening our foundation for higher profitability.&#8221;



FY25 Outlook: Donaldson reiterated EPS forecast at $3.56 &#8211; $3.72 (vs. consensus of $3.62) and sales growth guidance at 2% &#8211; 6%, with a <a href="https://www.benzinga.com/calendars/guidance">pricing benefit of around 1%.</a> 



Donaldson projects mobile sales growth to be&nbsp;flat to up 4%, Industrial sales growth between 4% and 8% and Life Sciences sales to increase in low-double digits.



For the full year, Donaldson anticipates repurchasing approximately 2% to 3% of its shares outstanding. The company expects capital expenditures of $85 million and $105 million in FY25.



Investors can gain exposure to the stock via&nbsp;ALPS O&#8217;Shares U.S. Small-Cap Quality Dividend ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/OUSM#BATS">OUSM</a>) and&nbsp;First Trust Horizon Managed Volatility Small/Mid ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSMV#NYSE">HSMV</a>).



Price Action: DCI shares are down 4.56% at $74.51 at the last check Tuesday.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/24/11/42255482/donaldson-gears-up-for-q1-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-analysts" target="_blank" rel="noreferrer noopener">Donaldson Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>

Comments

First Trust Horizon Managed Volatility Small/Mid ETF Stock News

News

Latest First Trust Horizon Managed Volatility Small/Mid ETF News | ARCA:HSMV | Benzinga

Tuesday, December 03, 2024

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga