Diversified Machinery

(DOV) Dover to Spin off Businesses

Dover Corporation (DOV) has decided to spin-off certain part of its communication technologies businesses into a standalone, publicly traded company in order to concentrate on its core industrial business, focused around energy, fluids...

2Oct2013 | | Comments Off on (DOV) Dover to Spin off Businesses | Continued

(PLL) Pall Opens New Office in Saudi Arabia

Pall Corporation (PLL), a leading supplier of filtration, separation and purification products, recently opened its second office in the Middle East. The new office will be located in Al Khobar, in the Kingdom of Saudi Arabia (KSA)....

16May2013 | | Comments Off on (PLL) Pall Opens New Office in Saudi Arabia | Continued

(ITT) ITT Earnings Beat Estimate

ITT Corporation (ITT) reportedfirst quarter 2013 earnings per share of 47 cents, which were 9.3% above the Zacks Consensus Estimate of 43 cents. Earnings were up 21% year over year. Profits during the quarter were...

2May2013 | | Comments Off on (ITT) ITT Earnings Beat Estimate | Continued

(PLL) Pall’s Agreement with Embraer

Pall Corporation (PLL) recently entered into an agreement with Brazilian aerospace manufacturer Embraer S.A. (ERJ) to supply hydraulic filter manifolds and assemblies...

23Mar2013 | | Comments Off on (PLL) Pall’s Agreement with Embraer | Continued

(BC) Brunswick – Momentum

Brunswick Corp. (BC) will be going for its eighth straight quarter with a positive earnings surprise when it reports later this month. Over the past 7 quarters, this manufacturer of recreational and lifestyle products has an average beat of more...

16Jan2013 | | Comments Off on (BC) Brunswick – Momentum | Continued

(GGG) Management Changes at Graco

In an effort to better focus on international growth and seize new Process business opportunities, Graco Inc. (GGG) recently expanded its management team.

Graco announced management changes in its process division, which will...

1Jan2013 | | Comments Off on (GGG) Management Changes at Graco | Continued

(DOV) Dover Updates 2012 and 2013 Outlook

Dover Corporation (DOV) recently updated its outlook for fiscal 2012 and 2013 and highlighted its growth initiatives for the next three years.

Dover has trimmed its fiscal 2012 EPS guidance to a range of $4.36 to $4.46 from...

16Dec2012 | | Comments Off on (DOV) Dover Updates 2012 and 2013 Outlook | Continued

(FLS) Flowserve Beats Estimates in Third Quarter

Flowserve Corporation (FLS) reported third-quarter 2012 earnings per share of $2.07, beating the Zacks Consensus Estimate by a couple of cents and 9.5% higher than the year-ago level. Profits were primarily driven by solid top-line...

5Nov2012 | | Comments Off on (FLS) Flowserve Beats Estimates in Third Quarter | Continued

(ITW) Illinois Tool Works Medical Products Division Expands Product-Line

Industrial tool maker, Illinois Tool Works Inc.’s (ITW) medical products division, ITW Medical Products further enhanced its capabilities by adding Coeur Holding Company to its product portfolio. Financial terms of the transaction...

23Oct2012 | | Comments Off on (ITW) Illinois Tool Works Medical Products Division Expands Product-Line | Continued

(ATU) Actuant’s Earnings Beat and Revenue Misses

Actuant Corporation (ATU) delivered adjusted earnings per share (EPS) of 55 cents in the fourth quarter of fiscal 2012, a penny ahead of the Zacks Consensus Estimate and 10% higher than the year-ago quarter EPS of 50 cents. Including...

9Oct2012 | | Comments Off on (ATU) Actuant’s Earnings Beat and Revenue Misses | Continued

(ITW) Illinois Tool Works Raises $1.1 Billion via Notes

Industrial tool maker, Illinois Tool Works Inc. (ITW) recently opted for raising funds from the market through issuance of $1.1 billion principal amount of Senior Unsecured Notes due to mature on September 1, 2042. The notes, expected...

31Aug2012 | | Comments Off on (ITW) Illinois Tool Works Raises $1.1 Billion via Notes | Continued

(BGG) Briggs & Stratton Lags Estimates

Briggs & Stratton Corp. (BGG) reported fourth-quarter 2012 adjusted earnings per share (EPS) of 22 cents, short of the Zacks Consensus Estimate of 28 cents and 31% lower than the year-ago quarter level. Including special items,...

22Aug2012 | | Comments Off on (BGG) Briggs & Stratton Lags Estimates | Continued

(ITW) Illinois Tool Works Raises Dividend

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 38 cents per common share compared with 36 cents previously, resulting...

21Aug2012 | | Comments Off on (ITW) Illinois Tool Works Raises Dividend | Continued

(ITW) Illinois Tool Works Divests Decorative Surfaces

Industrial tool-maker, Illinois Tool Works Inc.’s (ITW) recently announced a major 51% divestment of its stake in its Decorative Surfaces division to a fund managed by Clayton, Dubilier & Rice, LLC (CD&R). The news was well...

21Aug2012 | | Comments Off on (ITW) Illinois Tool Works Divests Decorative Surfaces | Continued

(ITW) Illinois Tool Works Earnings Preview

Illinois Tool Works Inc.(ITW) is slated to release its second quarter 2012 results on Tuesday, July 24. The current Zacks Consensus Estimate for earnings per share (EPS) is $1.09, representing an annualized growth of 14.02%.

With...

13Aug2012 | | Comments Off on (ITW) Illinois Tool Works Earnings Preview | Continued

(PLL) Pall Corporation Shares Rating Maintained at Neutral

We retain our Neutral recommendation on Pall Corp. (PLL). Judging by the degree of uncertainty the company still faces with regard to foreign currency fluctuation and clouded macro-economic conditions, we think it wise not to be too...

23Jul2012 | | Comments Off on (PLL) Pall Corporation Shares Rating Maintained at Neutral | Continued

(DOV) Dover Analyst Stays Neutral on Shares

We reiterate our Neutral recommendation on Dover Corporation (DOV), which specializes in industrial products and manufacturing equipment in U.S. and has subsidiaries and affiliates in Canada, France, Germany, the Netherlands, Sweden,...

26Mar2012 | | Comments Off on (DOV) Dover Analyst Stays Neutral on Shares | Continued

(DOV) Dover Set to Acquire Maag Group

Recently, Dover Corporation (DOV) announced its decision to acquire the Maag Group, the global leader in external gear pump technology and engineered solutions. The value of the transaction is undisclosed as yet.

Maag Group...

14Feb2012 | | 0 comments | Continued

(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...

30Nov2011 | | 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...

26Oct2011 | | 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...

20Sep2011 | | 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...

20Sep2011 | | 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,...

12Sep2011 | | 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...

8Aug2011 | | 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

•   ...

20Jul2011 | | 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...

6Jul2011 | | 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...

30Jun2011 | | 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...

29Jun2011 | | 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....

23Jun2011 | | 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...

15Jun2011 | | 0 comments | Continued