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Met-Pro Corporation's Environmental Air Solutions Business Unit Receives Equipment Order Valued at $500K
Wednesday, August 31, 2011 - 9:12am | 71Raymond J. De Hont, Chairman and Chief Executive Officer of Met-Pro Corporation (NYSE: MPR), announced today that the Company's Environmental Air Solutions business unit has received an order, valued at nearly $500,000, to supply a Duall brand industrial odor control system to a leading food and...
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Timken to Acquire Drives, Further Expanding Power Transmission Line
Wednesday, August 31, 2011 - 9:02am | 67The Timken Company (NYSE: TKR) today announced it has agreed to acquire privately held Drives LLC for $92 million in cash. Based in Fulton, Ill., Drives is a leading manufacturer of highly engineered drive-chains, roller-chains and conveyor augers for the agricultural and industrial marketplace....
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Timken to Acquire Drives for $92M
Wednesday, August 31, 2011 - 7:43am | 67The Timken Company (NYSE: TKR) today announced it has agreed to acquire privately held Drives LLC for $92 million in cash. Based in Fulton, Ill., Drives is a leading manufacturer of highly engineered drive-chains, roller-chains and conveyor augers for the agricultural and industrial marketplace....
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Jefferies Has Buy On Donaldson
Tuesday, August 30, 2011 - 6:50am | 123Jefferies & Co. is out with a research report on Donaldson (NYSE: DCI) and it has a Buy rating and a $71 price target on shares. In a note to clients, Jefferies & Co. writes, "Q4 EPS of $0.84 was $0.05 above consensus and $0.08 above our estimate as sales increased 21% (13% price/volume, 8...
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Financial Breakfast for August 30, 2011
Tuesday, August 30, 2011 - 6:41am | 655This is your Benzinga news summary and traders' outlook for Tuesday, August 30, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S equity futures are trading lower. At last check, S&P futures are down by about 5 points or (0.43...
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Bank of America Merrill Lynch Neutral On Donaldson Company
Tuesday, August 30, 2011 - 6:34am | 152Bank of America Merrill Lynch is out with a research report on Donaldson Company (NYSE: DCI) and it has a Neutral rating and a $61 price target on shares. In a note to clients, Bank of America Merrill Lynch writes, "DCI FY4Q11 results were healthy with strong growth across segments. Based on...
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Bank of America Raises PO On Donald Company To $61
Tuesday, August 30, 2011 - 5:43am | 29Bank of America has raised the price target on the Donaldson Company (NYSE: DCI) from $58 to $61 and maintains its Neutral rating.
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Top 4 Small-Cap Stocks In The Machine Tools & Accessories Industry With The Highest Cash
Tuesday, August 30, 2011 - 3:25am | 122Below are the top small-cap machine tools & accessories stocks on the NYSE and the NASDAQ in terms of cash. Kaydon Corporation (NYSE: KDN) had $223.27 million in total cash and no debt for the latest quarter. RBC Bearings Incorporated (NASDAQ: ROLL) had $51.22 million in total cash and $1.15...
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Benzinga's Top Upgrades
Monday, August 29, 2011 - 8:42am | 136Analysts at ISI Group upgraded O'Reilly Automotive Inc (NASDAQ: ORLY) from “sell” to “hold.” ORLY's shares closed at $63.93 on Friday. O'Reilly Automotive's trailing-twelve-month profit margin is 8.19%. Analysts at BB&T Capital Markets upgraded Barnes Group Inc (NYSE: B) from “hold” to “buy.”...
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Earnings Roundup
Monday, August 29, 2011 - 7:50am | 369Donaldson Co Inc (NYSE: DCI) reported better-than-expected quarterly results. Donaldson reported its quarterly earnings at $65.8 million, or $0.84 per share, up from $51.2 million, or $0.65 per share, in the year-ago period. Its revenue surged 21% to $625 million. Its engine product sales climbed...
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A Peek Into The Market Before The Trading Starts
Monday, August 29, 2011 - 6:26am | 446Pre-open movers US stock futures are higher this morning, as investors are awaiting July personal-income and consumer-spending data and June pending home sales. Futures for the Dow Jones Industrial Average surged 91 points to 11,370.00 and S&P 500 index futures rose 13.10 points to 1,187.60....
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UPDATE: Donaldson Reports Upbeat Q4 Results, Issues 2012 Forecast
Monday, August 29, 2011 - 6:13am | 92Donaldson Co Inc (NYSE: DCI) reported better-than-expected quarterly results. Donaldson reported its quarterly earnings at $65.8 million, or $0.84 per share, up from $51.2 million, or $0.65 per share, in the year-ago period. Its revenue surged 21% to $625 million. Its engine product sales climbed...
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Stocks To Watch For August 29
Monday, August 29, 2011 - 12:29am | 179Some of the stocks that may grab investor focus today are: Wall Street expects LDK Solar Co Inc (NYSE: LDK) to report a Q2 loss at $0.17 per share on revenue of $$556.3 million. LDK shares gained 0.34% to $5.86 in after-hours trading. Analysts are expecting Donaldson Company Inc (NYSE: DCI) to...
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Earnings Scheduled For August 29
Monday, August 29, 2011 - 12:28am | 248Winn-Dixie Stores Inc (NASDAQ: WINN) is projected to report its Q4 EPS at $0.12 on revenue of $1.60 billion. ABM Industries Incorporated (NYSE: ABM) is expected to report its Q3 EPS at $0.47. Calavo Growers Inc (NASDAQ: CVGW) is estimated to report its Q3 earnings at $0.21 per share. LDK Solar...
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UPDATE: Oppenheimer Lowering Price Target On IDEX Corporation
Friday, August 26, 2011 - 8:29am | 126Oppenheimer & Co. is out with a research report on IDEX Corporation (NYSE: IEX) and is lowering its price target to $50 from $55, but is keeping its Overweight rating. In a note to clients, Oppenheimer & Co. writes, "We attended meetings with IEX CFO Heath Mitts and discussed an overview...