Conglomerates
(MMM) 3M Company – Stellar Results and Higher Forecasts
3M Co. (MMM) recently reported fourth-quarter earnings of $1.30 per share, topping last year’s 97 cents and beating the Zacks Consensus Estimate by 7%. Sales of $6.1 billion came in ahead of the previous year’s $5.5 billion. Company Description 3M produces thousands...
3Feb2010 | vitalstocks | 0 comments | Continued($MMM) 3M Company – Bull of the Day
We are maintaining our Outperform rating on 3M Company (MMM) with a target price of $89. In the most recent quarter, selling prices were again positive, which boosted gross margin by 50 basis points. Raw materials were down slightly versus Q4 of the prior year, adding approximately...
2Feb2010 | vitalstocks | 0 comments | Continued(TXT) Textron Tops Expectations – Outlook Disappoints
Textron Inc. (TXT) posted a narrower GAAP net loss of $63 million, compared to a loss of $209 million in the year-ago quarter. Excluding certain special items, earnings per share came in at 15 cents, which surpassed the Zacks Consensus Estimate of 9 cents derived from 10 covering...
30Jan2010 | vitalstocks | 0 comments | Continued(MMM) 3M Company Tops Earnings Estimates
3M Company (MMM) reported earnings from continuing operations of $1.30 for the fourth quarter of 2009, beating the Zacks Consensus Estimate. Revenues for the quarter were $6.1 billion. Revenues increased over 11% year on year and the growth was very broad based. Every geographic...
29Jan2010 | vitalstocks | 0 comments | Continued(DHR) Danaher Corporation Exceeds Expectations
Danaher Corp. (DHR) reported fourth-quarter earnings from continuing operations of $1.08 per share, which excludes additional restructuring charges, beating the Zacks Consensus Estimate of $1. Quarterly sales were $3.1 billion, 1.5% less than the $3.2 billion reported in the...
29Jan2010 | vitalstocks | 0 comments | Continued(UTX) United Technologies Corporation Beats Expectations by a Penny
United Technologies Corporation (UTX) reported fourth quarter 2009 earnings per share of $1.15, down 7% over the year-ago quarter. Results for the current quarter include an $0.08 per share charge for restructuring costs net of one-time items. This is ahead of Zacks Consensus...
27Jan2010 | vitalstocks | 0 comments | Continued(TXT) Textron Subsidiary Gets Army Software Contract
Textron Inc.’s (TXT) subsidiary Textron Systems has been awarded a U.S. Army contract for software development, training and support for the future intelligence framework. This Distributed Common Ground System-Army (DCGS-A) Indefinite Delivery/Indefinite Quantity (IDIQ) contract...
26Jan2010 | vitalstocks | 0 comments | Continued(GE) General Electric Company’s Earnings Exceeds Estimates
General Electric Company (GE) reported fourth quarter 2009 earnings per share from continuing operations of 28 cents, exceeding the Zacks Consensus Estimate of 26 cents. Revenues were $41.4 billion for the quarter and $157 billion for the year. Revenues by Segment Fourth-quarter...
23Jan2010 | vitalstocks | 0 comments | Continued(GE) Choosing Dividend Stocks: Six Steps For Finding Safe, High-Yield Investments
by Louis Basenese, Small Cap and Special Situations Expert Friday, January 22, 2010: Issue #1181 The latest tally from famed professor, Jeremy Siegel – author of the investing classic, Stocks for the Long Run - proves that dividend stocks are still the best investment. Period. Yet...
23Jan2010 | InvestmentU | 0 comments | Continued(GE) Budget Deficit Rises But Why?
The budget deficit in December was $91.9 billion — up from $51.8 billion a year ago, but down from $120.3 billion in November. These numbers are highly seasonal, so the year-over-year comparison is the more important of the two. In November, the Deficit was actually lower...
13Jan2010 | vitalstocks | 0 comments | Continued(TXT) Textron to Build U.S. Army Knight Armored Vehicles
Textron Inc.’s (TXT) operating unit Textron Marine & Land Systems has received a contract to build 27 Armored Knight vehicles for U.S. Army Tank-automotive and Armaments Command (TACOM). The firm fixed-price contract is indefinite and valued at approximately $10 million....
30Dec2009 | vitalstocks | 0 comments | Continued(GE) General Electric Company Sells India Transport Finance Arm
General Electric Company (GE) has sold its India transport financial services business for 12 billion rupees ($255 million) to Shriram Transport Finance Company (STFC). Shriram Transport’s managing director R Sridhar confirmed the transaction but declined to give more details. The...
27Dec2009 | vitalstocks | 0 comments | Continued(GE) General Electric to Power Chinese Planes
One of the most advanced jet engines soon to enter service has been selected as the sole western power plant for China’s new C919 single-aisle, 150-seat passenger jet. Manufactured by CFM International, which is a 50/50 joint venture between General Electric Co. (GE) and SAFRAN...
23Dec2009 | vitalstocks | 0 comments | Continued(DHR) Danaher Offers Cash to Acquire Genetix Group
Danaher Corporation (DHR) announced that it has made a cash takeover offer, through an indirect wholly owned subsidiary, to acquire all of the issued and to-be-issued shares of Genetix Group plc for 85 pence per share, implying an aggregate price of approximately GBP 50 million...
21Dec2009 | vitalstocks | 0 comments | Continued(MMM) 3M Acquires Brazilian Floor Care Products Company Incavas
3M Co. (MMM) announced that it has entered into a definitive agreement to acquire Incavas Industria de Cabos e Vassouras Ltda., a manufacturer of floor care products based in Rio Grande do Sul, Brazil. The terms of the transaction were not disclosed. Incavas is an important manufacturer...
17Dec2009 | vitalstocks | 0 comments | Continued(UTX) United Technologies to Acquire Stake in Clipper Windpower
United Technologies Corp. (UTX) announced that it has agreed to acquire a 49.5% stake in Clipper Windpower Plc (CWP), a California-based wind turbine manufacturer, which trades on the AIM London Stock Exchange. UTC’s total investment will be £166 million (approximately $270...
11Dec2009 | vitalstocks | 0 comments | Continued(CBE) Cooper Industries – Solid Results and Higher Earnings Forecasts
Cooper Industries plc (CBE), which recently announced the opening of a new manufacturing facility in Dammam, Kingdom of Saudi Arabia, declared a quarterly dividend of 25 cents in early November. The company offers an industry-leading dividend yield of 2.3%. Company Description Cooper...
11Dec2009 | vitalstocks | 0 comments | Continued(PPG) PPG Industries Inc Agrees to Supply Blast Panels to Protect Troops
The fiber glass segment of PPG Industries Inc. (PPG) has signed an agreement with Ebtech Industrial for the supply of customizable blast panels for personnel and asset protection. The contracts include overseas U.S. military installations. Pittsburgh-based PPG Industries is a...
10Dec2009 | vitalstocks | 0 comments | Continued(GE) General Electric Wins $1.4B Wind Turbine Deal
General Electric Company (GE) announced that it has received a $1.4 billion contract from independent power producer Caithness Energy to supply wind turbines and provide services for an 845-megawatt (MW) wind farm project to be located in Oregon. The wind farm, called Shepherds...
10Dec2009 | vitalstocks | 0 comments | Continued(UTX) United Technologies Corporation Bags Deal
According to the Pentagon, United Technologies Corp. (UTX) has been awarded a $1.7 billion U.S. Air Force contract for engines for Boeing Co C-17 military transport aircraft. Up to 208 Pratt & Whitney F-117 engines may be acquired under this contract. Pratt & Whitney...
3Dec2009 | vitalstocks | 0 comments | Continued(CBE) Cooper Industries plc Acquires Pauluhn Electric
Cooper Industries plc (CBE) recently announced the acquisition of Texas-based Pauluhn Electric from Federal Signal Corp. (FSS). Pauluhn Electric is a leading provider of specialized marine, offshore and industrial lighting and connecting product solutions for harsh and hazardous...
3Dec2009 | vitalstocks | 0 comments | Continued(GE) Vivendi to Sell NBC Universal Stake to General Electric Co for Comcast Deal
General Electric Co. (GE) and Vivendi SA (VIV) have agreed in principle to a deal in which the former would buy the French company’s 20% stake in NBC Universal for $5.8 billion, valuing NBC Universal at $29 billion. Vivendi had originally valued its 20% stake in NBC Universal,...
1Dec2009 | vitalstocks | 0 comments | Continued(DHR) Danaher Corporation Unit Gilbarco Veeder-Root Seals Another Acquisition
Gilbarco Veeder-Root, a wholly owned unit of Danaher Corporation (DHR), agreed to buy a petroleum dispensing pump (PDP) unit from Larsen & Toubro (L&T) in India. The PDP business unit manufactures, sells, integrates and services petroleum dispensers, LPG equipment, and...
18Nov2009 | vitalstocks | 0 comments | Continued(GE) Producer Price Index Tame
In September, the Producer Price Index rose by 0.3%. While this is an acceleration from the 0.6% decline in September, it is well below consensus expectations of a 0.5% increase. All of the price pressures were coming from food and energy. If they are stripped out to get the...
17Nov2009 | vitalstocks | 0 comments | Continued(UTX) Tata Advanced Systems and Sikorsky Ink Joint Venture
Sikorsky Aircraft Corp. and Tata Advanced Systems Ltd. (TASL) today announced creation of a joint venture that will manufacture aerospace components for Sikorsky in India, including components for S-92® helicopter cabins. The joint venture agreement builds upon a long-term contract...
14Nov2009 | vitalstocks | 0 comments | Continued(GE) General Electric to Sell Security Systems Unit
General Electric Co. (GE) is in talks to sell its security systems unit, most likely to United Technologies Corp. (UTX), for more than $1.5 billion in an effort to reshuffle its extensive portfolio and raise capital for strategic acquisitions. United Technologies Corp. is a diversified...
12Nov2009 | vitalstocks | 0 comments | Continued(UTX) United Technologies Beats Estimates
United Technologies Corporation (UTX) reported third quarter 2009 earnings per share of $1.14 and net income attributable to common shareowners of $1.1 billion, down 14% and 17%, respectively, from the year ago quarter. This was ahead of the Zacks Consensus Estimate of $1.12. Revenues...
9Nov2009 | Shawn | 0 comments | Continued(CR) Crane Company Earnings Surprised by 25% in the Third Quarter
Crane Company (CR) recently raised the bottom end of its full-year earnings guidance. The company has surprised on estimates 4 quarters in a row by an average of 24.22%. Crane is trading with a forward P/E of 14.42. Company Description Crane, which was founded in 1855, is a diversified...
1Nov2009 | vitalstocks | 0 comments | Continued(TXT) Textron Beats Estimates, Sales Dip
Textron Inc (TXT) has flown past the Zacks Consensus Estimate of a loss of 2 cents per share to register earning per share [EPS] of 12 cents in the third quarter of fiscal 2009. However, it fell far short of the year-ago figure of 85 cents per diluted share. The company also...
27Oct2009 | vitalstocks | 0 comments | Continued(PPG) PPG Industries Earnings Improve
Global paints and coatings supplier PPG Industries (PPG) reported third quarter earnings of $161 million or 96 cents, better than the Zacks Consensus Estimate of 89 cents. Although earnings were down 29% year on year, results improved considerably sequentially on cost reduction....
16Oct2009 | vitalstocks | 0 comments | Continued