Diversified Machinery
(CMI) Cummins Analyst Downgrades Shares to Neutral
We have downgraded our recommendation on Cummins Inc. (CMI) to Neutral from Outperform. Headquartered in Columbus, Indiana, Cummins is a leading worldwide designer, manufacturer and distributor of diesel and natural gas engines, electric power generation systems, and engine-related...
30Nov2011 | vitalstocks | 0 comments | Continued(ITW) Illinois Tool Works Earnings Preview
Illinois Tool Works Inc.(ITW) is slated to release its third quarter 2011 results on Tuesday, October 25. The current Zacks Consensus Estimate for earnings per share (EPS) is 98 cents, representing an annualized growth of 17.61%. With respect to earnings surprises, over the trailing...
26Oct2011 | vitalstocks | 0 comments | Continued(CMI) Cummins Raises Sales Targets
Cummins Inc. (CMI) upgraded its long term outlook for revenues and earnings based on tightening diesel engine emission standards, rising price of energy, globalization and growing investments in infrastructure. The company expects to achieve $30 billion in sales, with earnings...
20Sep2011 | vitalstocks | 0 comments | Continued(CMI) Cummins Raises Sales Targets
Cummins Inc. (CMI) upgraded its long term outlook for revenues and earnings based on tightening diesel engine emission standards, rising price of energy, globalization and growing investments in infrastructure. The company expects to achieve $30 billion in sales, with earnings...
20Sep2011 | vitalstocks | 0 comments | Continued(DOV) Dover Sells a Pair of Companies
Dover Corporation (DOV) stated it has entered into an agreement to sell a couple of its operating companies belonging to the Industrial Products segment to International Equipment Solutions, LLC, an affiliate of KPS Capital Partners, LP. The operating companies which are earmarked...
12Sep2011 | vitalstocks | 0 comments | Continued(ITW) Illinois Tool Works Impresses Owners – Increases Divided
Illinois Tool Works Inc.’s (ITW) board of directors approved a 6.0% hike in the company’s quarterly dividend rate. The revised quarterly rate now stands at 36 cents per common share compared with 34 cents previously, resulting in an annual rate of $1.44 per common share....
8Aug2011 | vitalstocks | 0 comments | Continued(AIXG) Company News for July 20, 2011 – Corporate Summary
• Coca-Cola Company (NYSE:KO) reported Q2 EPS of $1.20, ahead of the Zacks Consensus Estimate of $1.16 per share. Revenues for the quarter rose 47% year-over-year to $12.7 billion, beating the Zacks Consensus Estimate of $12.364 billion • Bank of America (NYSE:BAC)...
20Jul2011 | vitalstocks | 0 comments | Continued(DOV) Dover Completes Vienna Acquisition From NXP Semiconductors NV
Dover Corporation (DOV) completed the acquisition of Vienna, an Austria-based Sound Solutions business line of NXP Semiconductors NV (NXPI) for $855 million. The acquisition was initially slated to close by the end of the first quarter of 2011. However, it was delayed due to...
6Jul2011 | vitalstocks | 0 comments | Continued(ITW) Illinois Tool Works Revises Historicals & Outlook
Illinois Tool Works Inc. (ITW) recently reclassified its historical results giving effect to discontinued operations and announced the impact of its share repurchase activity. The company consummated the repurchase of $550 million or 9.7 million shares in the second quarter 2011,...
30Jun2011 | vitalstocks | 0 comments | Continued(IEX) IDEX Closes Credit Facility
IDEX Corporation (IEX) announced the completion of its $700 million new five-year senior revolving credit facility with a consortium of 12 financial institutions. The credit facility was co-led by Bank of America (BAC), JP Morgan Chase (JPM), and Wells Fargo (WFC). The co-documentation...
29Jun2011 | vitalstocks | 0 comments | Continued(ITW) Illinois Tool Works’ May-end Revenue Update
Illinois Tool Works Inc. (ITW) reported an 18% year-over-year rise in its operating revenues for the three months ended May 31, 2011. The increase records an 8% growth, which can be ascribed to a hike in base revenue and 5% to acquisitions. Currency translation had a positive...
23Jun2011 | vitalstocks | 0 comments | Continued(CMI) Cummins Incorporated – Bull of the Day
Cummins Inc. (CMI) is set to benefit from fuel economy improvements, new emission standards and increased prices. The company’s results improved significantly in the most recent quarter, driven by the truck market recovery in North America and continued strength in non-U.S....
15Jun2011 | vitalstocks | 0 comments | Continued(CMI) Cummins Incorporated – Bull of the Day
Cummins Inc. (CMI) is set to benefit from fuel economy improvements, new emission standards and increased prices. The company’s results improved significantly in the most recent quarter, driven by the truck market recovery in North America and continued strength in non-U.S....
7Jun2011 | vitalstocks | 0 comments | Continued(ITW) Illinois Tool Works Authorizes $4 Billion Buyback
Illinois Tool Works Inc’s (ITW) board of directors recently authorized the company to buyback approximately $4 billion of common shares, representing roughly 70 million shares based on the May 5 closing share price. No time frame was specified for the execution of the buyback...
10May2011 | vitalstocks | 0 comments | Continued(ITW) Illinois Tool Works – Bull of the Day
Illinois Tool Works’ (ITW) first quarter results were impressive as EPS surpassed the Zacks Consensus of $0.84 by 7 cents and increased 30% year over year, driven primarily by a healthy product demand. Benefits may also be derived both from strengthening auto markets in...
10May2011 | vitalstocks | 0 comments | Continued(CMI) Cummins Incorporated – Revenues Increase 56%
Cummins, Inc. (CMI) recently spiked into a new high after reporting strong Q1 results that included a 22% earnings surprise. With an average earnings surprise of 16% over the last four quarters and a bullish growth projection, this Zacks #1 rank stock offers another gear for...
4May2011 | vitalstocks | 0 comments | Continued(ITW) Illinois Tool Works First Quarter Report Surpasses Analyst Estimates
Illinois Tool Works Inc. (ITW) reported first quarter 2011 earnings per share from continuing operations of 91 cents, up 30% year over year. The result was also above the Zacks Consensus Estimate of 84 cents and management’s guidance range of 81-87 cents. The reported quarter’s...
27Apr2011 | vitalstocks | 0 comments | Continued(FLS) Flowserve on Acquisition Spree
Flowserve Corporation (FLS) announced that it has purchased the assets of FEDD Wireless LLC, a privately owned wireless data acquisition company based in Texas. FEDD has developed technologies in wireless data acquisition, transmission and integration for industrial use. Flowserve...
13Apr2011 | vitalstocks | 0 comments | Continued(FLS) Flowserve Fourth Quarter 2010 Report Beats Estimates
Flowserve Corporation (FLS) reported fourth-quarter 2010 earnings per share from continuing operations of $2.09, surpassing the Zacks Consensus Estimate of $1.98. For 2010, earnings per share from continuing operations was $7.03, outpacing the Zacks consensus Estimate of $6.91. During...
3Mar2011 | vitalstocks | 0 comments | Continued(ITW) Illinois Tool Works Fourth Quarter Earnings Scorecard
Despite posting somewhat disappointing fourth quarter results, that fell a cent short of the Zacks Consensus Estimate, sentiments were overall positive for Illinois Tool Works Inc. (ITW) triggered primarily by the company’s robust guidance for the first quarter of 2011 and...
9Feb2011 | vitalstocks | 0 comments | Continued(DOV) Dover Buys NXP Semiconductors NV’s Sound Solution Business
Dover Corp. (DOV) has signed a definitive agreement to acquire Vienna, Austria-based Sound Solutions business line of NXP Semiconductors NV (NXPI) for $855 million. The acquisition is expected to close around the end of the first quarter of 2011 and will be slightly accretive...
27Dec2010 | vitalstocks | 0 comments | Continued(ITW) Illinois Tool Works Reports 13% Revenue Increase in Fourth Quarter 2010
Illinois Tool Works Inc. (ITW) reported a 13% year-over-year rise in its operating revenues for the three months ended October 31, 2010. The increase records a 10% growth attributable to a hike in base revenue and 4% to acquisitions. Currency translation had a negative 1.0% impact...
13Dec2010 | vitalstocks | 0 comments | Continued(FLS) Flowserve Third Quarter 2010 Reports Ahead of Consensus
Flowserve Corp. (FLS) reported third quarter 2010 earnings per share of $1.84 from continuing operations, exceeding the Zacks Consensus Estimate of $1.81. Excluding realignment charges of 3 cents, earnings per share were down primarily due to an erosion of gross margin by 230...
3Nov2010 | vitalstocks | 0 comments | Continued(ITT) ITT Beats The Street – Increases Outlook
ITT Corporation (ITT) released its third quarter earnings result before the market opened today, reporting earnings per share from continuing operations of $1.08 and outperforming the Zacks Consensus Estimate of 99 cents. Earnings were up 6% year over year. Increased revenue...
1Nov2010 | vitalstocks | 0 comments | Continued(ITW) Illinois Tool Works Third Quarter 2010 Earnings Preview
Illinois Tool Works Inc. (ITW) is slated to release its third quarter 2010 results on Tuesday, October 19. The current Zacks Consensus Estimate for the third quarter earnings per share (EPS) is 82 cents, representing an annualized growth of 22.46%. With respect to earnings surprises,...
17Oct2010 | vitalstocks | 0 comments | Continued(ITT) ITT Corporation Wins U.S. Army Night VisionContract
ITT Corporation (ITT) has received a contract to supply its AN/AVS-6(V) 3 aviator night vision goggle and spare image intensifier tubes to the US Army. The contract has been awarded by the U.S. Army Research, Development & Engineering Command. The order, valued at $19.9 million,...
5Oct2010 | vitalstocks | 0 comments | Continued(ITW) Illinois Tool Works Acquires Panreac Group
Illinois Tool Works Inc. (ITW) recently acquired Europe-based chemical company, Panreac Group. The terms of the transaction were not disclosed. Panreac Group serves particularly the laboratory, pharmaceutical, cosmetic and food industries. The acquired company, founded in 1941,...
14Sep2010 | vitalstocks | 0 comments | Continued(ITW) Illinois Tool Works Announces Sale of Meyercord Revenue Incorporated
Illinois Tool Works Inc. (ITW) disposed of its wholly-owned subsidiary, Meyercord Revenue Inc. to SICPA Product Security LLC for an undisclosed amount. The business was stated to be unfit for Illinois Tool’s long-term growth platform. SICPA Product Security is a private...
10Sep2010 | vitalstocks | 0 comments | Continued(ITT) ITT Wins US Army Night Vision Goggle Contract
ITT Corporation (ITT) has received a contract to supply its AN/AVS-6(V) 3 aviator night vision goggle and spare image intensifier tubes to the US Army. The contract has been awarded by the U.S. Army Research, Development & Engineering Command. The order, valued at $19.9 million,...
8Sep2010 | vitalstocks | 0 comments | Continued(CMI) Cummins Incorporated – Bull of the Day
Cummins (CMI) is set to benefit from fuel economy improvements, new emission standards and increased prices. Liquidity is also improving. The company reported strong results in the most recent quarter, driven by continued strength in the non-U.S. markets. It also surpassed the...
3Sep2010 | vitalstocks | 0 comments | Continued