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Sterne Agee Lowers PT on ITW To $60
Wednesday, July 27, 2011 - 8:58am | 28Sterne Agee has lowered the price target on Illinois Tool Works (NYSE: ITW) from $70 to $60 and maintains its Neutral rating.
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Top 4 Small-Cap Stocks In The Farm & Construction Machinery Industry With The Lowest PEG Ratio
Wednesday, July 27, 2011 - 4:09am | 119Below are the top small-cap farm & construction machinery stocks on the NYSE and the NASDAQ in terms of PEG ratio NACCO Industries Inc (NYSE: NC) has a PEG ratio of 0.13. NC's trailing-twelve-month ROE is 28.86%. Lindsay Corporation (NYSE: LNN) has a PEG ratio of 0.99. LNN's trailing-twelve-...
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ITT Earnings Preview: Analyts Expect Higher Earnings, Revenue from Prior Quarter
Tuesday, July 26, 2011 - 1:31pm | 561ITT (NYSE: ITT) releases its next round of earnings this Friday, July 29, 2011. Here's Benzinga's advanced look at ITT's second quarter earnings report. Earnings and Revenue: Wall Street expects a EPS of $1.17 per share and revenues of $2.83 billion. Wall Street will be looking to see how...
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Illinois Tool Works Down Over 8% on Downbeat Earnings
Tuesday, July 26, 2011 - 11:35am | 51Illinois Tool Works (NYSE: ITW) is down over 8% on downbeat earnings that were reported earlier this morning. The company reported Q2 EPS of $0.96 vs. $1.02 Est and revenues of $4.61B vs. $4.69B Est. Illinois Tool Works is currently trading at $52.18 a loss of $4.83 or 8.47%.
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Earnings Roundup
Tuesday, July 26, 2011 - 9:32am | 1635Lockheed Martin Corp (NYSE: LMT) reported a 10% decline in its Q2 profit. Lockheed Martin's quarterly net earnings dropped to $742 million, or $2.14 per share, from $824 million, or $2.22 per share, in the year-earlier quarter. Its net sales increased to $11.55 billion from $11.28 billion....
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Bank of America Reiterates Buy on Danaher, Raises PT to $63
Tuesday, July 26, 2011 - 9:29am | 43Bank of America reiterated its Buy rating on Danaher (NYSE: DHR). At the same time, the rating agency raised its price target on the company's stock from $55 to $63. On Monday, DHR closed the day at $51.52.
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Goldman Sachs Reiterates Buy on Eaton
Tuesday, July 26, 2011 - 9:10am | 150Goldman Sachs is out with its report today on Eaton (NYSE: ETN), maintaining Buy. In a note to clients, Goldman Sachs writes, "We reiterate our CL-Buy with 27% upside potential to target and believe the market continues to underestimate ETN's earnings revision potential. Shares are +4% ytd versus...
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Met-Pro Corporation's Environmental Air Solutions Business Unit Receives Equipment Order in Excess of $675,000
Tuesday, July 26, 2011 - 9:06am | 221Raymond 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 from one of the nation's leading natural resource companies, totaling more than $675,000, to supply a multi...
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UPDATE: ITW Reports Downbeat Q2 Profit; Shares Down In Pre-Market
Tuesday, July 26, 2011 - 8:31am | 64Illinois Tool Works Inc (NYSE: ITW) reported downbeat quarterly profit on Tuesday. ITW reported its quarterly earnings at $498.4 million, or $0.99 per share, up from $411.5 million, or $0.81 per share, in the year-earlier period. Its revenue climbed 18% to $4.62 billion. Analysts were expecting a...
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Bank of America Raises PO On Danaher To $63
Tuesday, July 26, 2011 - 7:44am | 27Bank of America has raised the price objective on Danaher (NYSE: DHR) from $55 to $63 and maintains its Buy rating.
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Jefferies Updates 7/26
Tuesday, July 26, 2011 - 7:14am | 496Jefferies made a number of updates in a research report published today. Archer-Daniels-Midland (NYSE: ADM) had its rating reiterated at Buy. At the same time, its price target was reduced from $44 to $40. On Monday, ADM lost 0.9% of its value to finish the day at $31.83. Its shares continued to...
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Jefferies PT Changes 7/26
Tuesday, July 26, 2011 - 7:11am | 203Jefferies & Company has changed the price target on the following companies: Archer-Daniels-Midland (NYSE: ADM) Buy, PT from $44.00 to $40.00 B/E Aerospace (NASDAQ: BEAV) Buy, PT from $44.00 to $48.00 Broadcom (NASDAQ: BRCM) Buy, PT from $41.00 to $46.00 Canadian National Railway (NYSE:...
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Top 4 Stocks In The Small Tools & Accessories Industry With The Highest Profit Margin
Tuesday, July 26, 2011 - 4:22am | 133Below are the top small tools & accessories stocks on the NYSE and the NASDAQ in terms of profit margin. The trailing-twelve-month profit margin at Snap-On Incorporated (NYSE: SNA) is 7.43%. SNA's revenue for the same period is $2.77 billion. The trailing-twelve-month profit margin at Lincoln...
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Mad Money Lightning Round: Cramer Likes Parker Hannifin
Tuesday, July 26, 2011 - 4:18am | 214On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Parker Hannifin (NYSE: PH) is a “very inexpensive stock and I want to buy it." Cramer said that American Capital Agency (NASDAQ: AGNC) is “under a little pressure, so I'm going to send you to Annaly Capital (NYSE: NLY)." For...
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Crane Raises 2011 EPS Guidance to $3.30-3.45 vs. $3.05 - $3.25 Prior
Monday, July 25, 2011 - 5:03pm | 87Crane Co. (NYSE: CR) says "sales for 2011 are now expected to increase approximately 14% - 16%, compared to our prior guidance of 10% - 12%, driven by strong core sales growth. Our 2011 earnings guidance is now a range of $3.30 - $3.45 per diluted share, compared to our previous guidance of $3.05...