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Kadant Authorizes Share Repurchase of up to $20M
Wednesday, October 27, 2010 - 4:10pm | 35Kadant Inc. (NYSE: KAI) announced today that its board of directors has authorized the repurchase of up to $20 million of its equity securities effective November 5, 2010 through November 5, 2011.
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Parker Hannifin - Value
Wednesday, October 27, 2010 - 4:03pm | 720Could North America's economic recovery finally be real? Parker Hannifin (PH) recently reported record quarterly earnings in the fiscal first quarter on the back of strong demand in North America. Even better yet, Parker Hannifin is still a value stock with a forward P/E of just 13.4. Parker...
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The Eastern Company Declares Regular Quarterly Dividend of $.09
Wednesday, October 27, 2010 - 2:16pm | 72The Eastern Company (EML) today announced the declaration of its regular quarterly cash dividend of nine cents ($0.09) per share, payable December 15, 2010, to common stock shareholders of record as of November 19, 2010 and represents the Company's 281st consecutive quarterly dividend. In addition...
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10-27-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Wednesday, October 27, 2010 - 11:28am | 4276Stephen Bernard, AP Business Writer Stocks fall amid questions about Fed plan Stocks retreat amid reports the Fed's bond-buying program might be smaller than anticipated NEW YORK (AP) — Stocks slid Wednesday as concerns grew over whether the Federal Reserve's plans to buy Treasury bonds might be...
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KeyBanc Capital Markets Downgrades (CTV. PNR)
Wednesday, October 27, 2010 - 10:40am | 34KeyBanc Capital Markets is downgrading the following companies from Buy to Hold: Commscope (NYSE: CTV) Pentair (NYSE: PNR)
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Oppenheimer Downgrades Pentair to Perform (PNR)
Wednesday, October 27, 2010 - 10:28am | 123Oppenheimer is out with a research report this morning, where it downgrades shares of Pentair Inc. (NYSE: PNR) to Perform, from Outperform; it also lowered its price target to $36.00, from $41.00. The analysts cited disappointing Water OM and fourth quarter guidance that, in their view, couple...
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Benzinga's Top Upgrades (JKS, CR, CHKP, BBT)
Wednesday, October 27, 2010 - 10:20am | 165JinkoSolar Holding Co Ltd (NYSE: JKS) was upgraded by Auriga from “hold" to "buy." JKS' shares were up 3.04% to $28.85 at 9:44 AM. Shares of JinkoSolar have moved up 154.31% year-to-date. BofA/Merrill upgraded Crane Co (NYSE: CR) from “neutral” to "buy." CR's shares were up 0.68% to $38.31 at 9:...
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The Eastern Company Reports Results for the Third Quarter; EPS $.24
Wednesday, October 27, 2010 - 9:59am | 111The Eastern Company (EML) today announced the results of its operations for the third quarter and nine months of 2010. Sales for the quarter were $34.0 million, compared to $28.1 million for the same period in 2009, a 21% increase. Net income for the third quarter was $1.5 million or $0.24 per...
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Hudson Securities Initiates Coverage On EnPro Industries (NPO)
Wednesday, October 27, 2010 - 9:59am | 115Hudson Securities is initiating coverage on EnPro Industries Inc. (NYSE: NPO) with a Buy rating and a $43 price target. In the initial research note, Hudson writes, "Most of the company's end markets have seen a sharp rebound off of a dismal 2009. In 2Q10, Sealing Products revenue grew 15% and...
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Pentair Downgraded To Perform
Wednesday, October 27, 2010 - 9:23am | 159Oppenheimer has published a research report on Pentair, Inc., (NYSE: PNR) and has downgraded the company to Perform from Outperform based on disappointing operating margins. In the report, Oppenheimer writes "We are downgrading shares to Perform from Outperform on disappointing Water operating...
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Eaton Quarterly Dividend $.58
Wednesday, October 27, 2010 - 8:44am | 67The Board of Directors of diversified industrial manufacturer Eaton Corporation (NYSE: ETN) today declared a quarterly dividend of $.58 per common share payable on November 26, 2010, to shareholders of record at the close of business on November 8, 2010. Eaton announced an increase in its dividend...
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Lincoln Electric reports 3Q'10 EPS of $0.76
Wednesday, October 27, 2010 - 8:17am | 135Lincoln Electric Holdings, Inc. (Nasdaq: LECO) today reported third quarter 2010 net income of $32.5 million, or $0.76 per diluted share. Sales were $519.3 million in the third quarter of 2010 versus $441.8 million in the comparable 2009 period, an increase of 17.5%. Operating income for the...
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Ampco-Pittsburgh Quarterly Earnings: EPS of $0.73
Tuesday, October 26, 2010 - 4:54pm | 89Ampco-Pittsburgh Corporation (NYSE: AP) announced sales for the three and nine months ended September 30, 2010 of $79,537,000 and $244,721,000, respectively, in comparison to $71,961,000 and $232,695,000 for the three and nine months ended September 30, 2009. Net income approximated $7,524,000 or $...
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Cummins (CMI) Misses on Top and Bottom Lines, but Foreign Sales Up to 63% of Revenue
Tuesday, October 26, 2010 - 2:45pm | 1208"American" company Cummins (CMI) did not join the party with the rest of the industrial multinationals after its report this morning, as expectations have finally reached a point the company was unable to match. Despite some fantastic data points. Last quarter's earnings report set the analysts on...
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Who's Right? Steel Companies Or Everyone Else? (X, MT)
Tuesday, October 26, 2010 - 12:55pm | 182Arcelor Mittal (NYSE: MT) and U.S. Steel (NYSE: X) both reported weak earnings this morning, saying that the economic recovery isn't as rosy as other sectors are making it appear. We've gotten strong earnings and guidance from companies like Caterpillar (NYSE: CAT), CSX (NYSE: CSX), and Eaton (NYSE...