Lindsay’s Irrigation segment manufactures and markets center pivot, lateral move irrigation systems, and irrigation controls under the Zimmatic brand; hose reel travelers under the Perrot brand; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors and remote monitoring and control systems.
This segment also offers repair and replacement parts for its irrigation systems and controls, and diameter steel tubing; global positioning system positioning and guidance, variable rate irrigation, wireless irrigation management, irrigation scheduling and smartphone applications; and industrial Internet of Things technology solutions, data acquisition and management systems, and custom electronic equipment for applications under the Elecsys brand.
The Infrastructure segment provides Quickchange moveable barrier systems that help in highway reconstruction, paving and resurfacing, road widening, median and shoulder construction, and tunnels and bridge repairs. Its redirective and non-redirective crash cushions are used to enhance highway safety at such locations as toll booths, freeway off-ramps, medians and roadside barrier ends, bridge supports, utility poles and other fixed roadway hazards.
The segment also offers specialty barrier products, road marking and road safety equipment, and railroad signals and structures. It serves departments of transportation, municipal transportation road agencies, roadway contractors, subcontractors, distributors and dealers.
Lindsay shareholders receive a 1.09% yield. The company’s $0.34 per share dividend is expected to increase to $0.35.
Stifel has set its target price at $166. Lindsay has a $154.50 consensus target, and Monday’s closing share price was $125.06.
Micron Technology
This old-school chip giant is offering investors a very solid entry point despite the technology melt-up rally this year. Micron Technology Inc. (NASDAQ: MU) designs, develops, manufactures and sells memory and storage products worldwide.
Micron Technology provides memory and storage technologies:
- DRAM products are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval.
- NAND products are non-volatile and rewritable semiconductor storage devices.
- NOR memory products are non-volatile rewritable semiconductor memory devices that provide fast read speeds.
It offers these products under the Micron and Crucial brands, as well as through private labels.
The company offers memory products for the cloud server, enterprise, client, graphics, networking, industrial and automotive markets, as well as for smartphone and other mobile-device markets; solid-state drives and component-level solutions for the enterprise and cloud, client and consumer storage markets; discrete storage products in component and wafers; and memory and storage products for the automotive, industrial and consumer markets.
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