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Jefferies Reiterates Hold and PT of $24 on TriMas
Friday, July 29, 2011 - 7:44am | 46Jefferies reiterated its Hold rating on TriMas (NYSE: TRS). At the same time, the rating agency left its price target on the company's stock unchanged at $24. On Thursday, TRS added 3.34% to its value to finish the day at $23.83.
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Jefferies Raises PT On Tennant Company To $42
Friday, July 29, 2011 - 6:57am | 27Jefferies & Company has raised the price target on Tennant Company (NYSE: TNC) from $39 to $42 and maintains its Hold rating.
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Jefferies Downgrades Harsco To Hold, Lowers PT To $33
Friday, July 29, 2011 - 6:30am | 28Jefferies & Company has downgraded Harsco Corporation (NYSE: HSC) from Buy to Hold and has lowered the price target from $38 to $33.
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Earnings Scheduled For July 29
Friday, July 29, 2011 - 4:18am | 424Chevron Corporation (NYSE: CVX) is projected to report its Q2 EPS at $3.56 on revenue of $71.58 billion. Aon Corporation (NYSE: AON) is expected to report its Q2 EPS at $0.82 on revenue of $2.74 billion. Newell Rubbermaid Inc (NYSE: NWL) is estimated to report its Q2 EPS at $0.42 on revenue of $...
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Earnings Preview: Emerson Electric Revenue Expected to Rise
Thursday, July 28, 2011 - 4:11pm | 561Emerson Electric (NYSE: EMR) unveils its next round of earnings this Tuesday, August 2, 2011. Get the latest predictions in Benzinga's essential guide to the company's third quarter earnings report. Earnings and Revenue: Based on estimates, investors are readying for a positive EPS reading of...
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Parker Hannifin Earnings Preview: Analyts Expect Higher Earnings, Revenue from Prior Quarter
Thursday, July 28, 2011 - 12:34pm | 551Parker Hannifin (NYSE: PH) announces its next round of earnings this Tuesday, August 2, 2011. Here is Benzinga's everything-that-matters guide for this Tuesday's fourth quarter earnings announcement. Earnings and Revenue: Based on estimates, investors are readying for a positive EPS reading of $...
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7-28-11 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Thursday, July 28, 2011 - 12:01pm | 2918Chip Cutter, AP Business Writer Jobs report pushes stocks up despite debt worries Strong jobs report nudges stocks higher even as stalemate over debt continues in Washington NEW YORK (AP) — An unexpected decrease in unemployment claims sent stocks slightly higher Thursday even as a stalemate...
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TriMas Corporation Announces Agreement to Acquire Innovative Molding for $27M
Thursday, July 28, 2011 - 7:58am | 214TriMas Corporation (NASDAQ: TRS) today announced that it has agreed to acquire the stock of Innovative Molding, Inc. for $27 million, payable in cash at closing. The purchase price is subject to a net working capital adjustment, if any. The transaction is scheduled to close August 1, 2011, at which...
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Rodman & Renshaw Initiates Coverage of Energy Recovery with Market Perform
Thursday, July 28, 2011 - 3:22am | 35Rodman & Renshaw initiated its coverage of Energy Recovery (NASDAQ: ERII) with a Market Perform rating. On Wednesday, ERII lost 1.67% of its value to finish the day at $2.95.
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Wednesday's S&P 500 Sector Recap: Hottest and Coldest Sectors
Wednesday, July 27, 2011 - 5:36pm | 1734The S&P 500 (SPX) took a major hit in Wednesday's trading session, finishing down 27.05 points, or 2.03%, from Tuesday's close to 1304.89. The selling began just after the opening bell, and the index extended its losses throughout the session, closing near the low of the day (1303.49), as...
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Kaydon Corporation Raises Third Quarter Dividend by 5.3% to $0.20/Share
Wednesday, July 27, 2011 - 5:15pm | 123Kaydon Corporation (NYSE: KDN) today announced that its Board of Directors declared a 5.3 percent increase in its regular quarterly dividend, to $.20 per share from $.19 per share. The dividend is payable on October 3, 2011 to shareholders of record as of the close of business on September 12, 2011...
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Options Brief: The Timken Company
Wednesday, July 27, 2011 - 12:08pm | 84Shares of The Timken Company (NYSE: TKR) are lower on the session by 3.76%, trading at $45.59. Overall call volume is now running at 7.32x the daily average, with 75% of all calls traded being purchases on the offer. 1,251 contracts have traded on the session so far. The Timken Company develops...
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Calls Purchased on The Timken Company
Wednesday, July 27, 2011 - 10:20am | 109Shares of The Timken Company (NYSE: TKR) are lower on the session by 3.44%, currently trading at $45.74. The stock has been moving largely lower over the past three months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short while...
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Wedbush Reports Buying Opportunity On Pentair
Wednesday, July 27, 2011 - 9:23am | 92According to Wedbush, Pentair (NYSE: PNR) presents a buying opportunity. Wedbush said that it believes concerns about the guidance for slower growth in Q3 are placing undue pressure on PNR shares as investors overlook a solid, in-line quarter and upbeat full-year guidance that reflects a strong...
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Wunderlich Reiterates Buy on The Timken Company
Wednesday, July 27, 2011 - 9:21am | 148Wunderlich is out with its report today on The Timken Company (NYSE: TKR), reiterating Buy. In a note to clients, Wunderlich writes, "Street consensus for The Timken Company looks a little bit low for the year and there is room for us to move our estimates up. TKR steel mills are running flat out...