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Peter Hellman Elected to Goodyear Board
Tuesday, October 5, 2010 - 9:15am | 353Peter S. Hellman, retired president of Nordson Corporation (NASDAQ: NDSN), has been elected to the Board of Directors of The Goodyear Tire & Rubber Company (NYSE: GT). "Peter Hellman is a respected leader with extensive leadership experience in successful international businesses," said...
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Active Stock Screener: Three Dividend and Earnings Stock Ideas
Tuesday, October 5, 2010 - 9:10am | 1198With the markets inching slowly higher I took a look three stock ideas generated by my Fundamental System (active stock screen) last week. You can create your own Fundamental System in the Stock Screener and have the results of your scan delivered to you every day by email. The Dividend and...
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Deutsche Bank Has Hold Rating On Parker-Hannifin (PH)
Tuesday, October 5, 2010 - 7:17am | 138Deutsche Bank has a Hold rating and a $73 price target on shares of Parker-Hannifin Corporation (NYSE: PH), after Parker-Hannifin held its European Analyst Day. In the research report, Deutsche Bank writes, "We attended Parker's investor meeting at its new European HQ in Etoy, Switzerland. The key...
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Parker Hannifin Still A Buy
Tuesday, October 5, 2010 - 6:56am | 134Citigroup has published a research report reiterating its Buy rating for Parker Hannifin Corporation (NYSE: PH). In the report, Citigroup writes "We remain positive on PH shares as we see the company benefiting from a continued (but uneven) manufacturing recovery and an unfolding rebound in capital...
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Outlook Positive For Parker Hannifin
Tuesday, October 5, 2010 - 6:43am | 120Goldman Sachs has published a research report for Park Hannifin Corporation (NYSE: PH) following the company's Analyst Day. In the report, Goldman Sachs writes "We came away from PH's analyst day in Geneva continuing to believe that FY11/ FY12 consensus EPS are 5%-10% too low, but also that...
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Enough Is Enough. IR Too Cheap Again. Time To Buy.
Monday, October 4, 2010 - 12:43pm | 110Ingersoll-Rand (NYSE: IR) is a top pick by J.P.Morgan. The stock is trading at a tremendous discount to competitors and has a large upside potential. In a research note, J.P Morgan writes, "IR is once again a top pick in our group as the stock continues to lag on concerns that we think are...
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S&P Upgrades Dynamic Materials (BOOM) to Hold from Strong Sell
Monday, October 4, 2010 - 12:22pm | 139S&P Upgraded Dynamic Materials (NASDAQ: BOOM) to Hold from Strong Sell, late Friday afternoon. They maintained their 2010 GAAP EPS estimate of $0.37, but raised 2011's by $0.12 to $0.70. They raised the 12-month target price by $4 to $17. Here are a few quotes from the report: “We have become...
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10-4-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Monday, October 4, 2010 - 11:43am | 4167Stephen Bernard, AP Business Writer Stocks edge lower at the beginning of a busy week Stocks slip as traders kick off busy week of economic, earnings reports NEW YORK (AP) — Stocks slipped Monday as investors held back ahead of a busy week of economic and earnings reports. The Dow Jones industrial...
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Gorman–Rupp Announces Completion of Acquisition
Monday, October 4, 2010 - 10:22am | 31The Gorman-Rupp Company (GRC) announces that it has completed its planned purchase of the business of National Pump Company, LLC as previously announced August 31, 2010.
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Met-Pro Corporation's Environmental Air Solutions Business Unit Receives Order in Excess of $500,000
Monday, October 4, 2010 - 9:26am | 133Raymond 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, with a total value in excess of $500,000, to provide equipment to a leading industrial raw materials...
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Snap-On "Snaps" Back Into October
Monday, October 4, 2010 - 8:54am | 264Snap On (NYSE: SNA) is the leader in supplying tools to American mechanics, and has been in a decade-long drive to ramp up sales and boost margins. Last year Snap-On ran into a recession snag when earnings plummeted 43% and revenues dropped 18%, according to Barron's. Conversely, Barron's writes,...
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Eaton Completes CopperLogic Acquisition
Monday, October 4, 2010 - 8:51am | 52Diversified industrial manufacturer Eaton Corporation (NYSE: ETN) today announced it has completed its purchase of CopperLogic, Inc. The transaction was announced September 27, 2010. CopperLogic, Inc., a manufacturer of electrical and electromechanical systems, employs approximately 170 people and...
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Merger Arbitrage Mondays – October 04, 2010
Monday, October 4, 2010 - 2:10am | 4782Merger activity slid a little with “just” six new deals announced and eleven deals closing as it was the end of the third quarter. Deal Statistics: Total Number of Deals Closed in 2010 81 Total Number of Deals That Did Not Complete in 2010 5 Total Number of Pending Deals Cash Deals 50...
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Upside 4Q For ATU
Friday, October 1, 2010 - 1:23pm | 122Actuant Corporation (NYSE: ATU) delivered upside F4Q10 operating EPS of $.31 versus expected EPS of $.29. The increase in earnings was driven primarily by 18% organic revenue growth and 360 bps of margin expansion. In a research note FBR writes, "ATU is trading at 15.1 P/E on our CY 2011 estimate...
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EnPro Industries Responds to Civil Complaint
Friday, October 1, 2010 - 9:25am | 122EnPro Industries, Inc. (NYSE: NPO) today issued the following statement in response to a civil complaint filed on September 30, 2010 by the United States Department of Justice against EnPro's Coltec Industries subsidiary: The Fairbanks Morse marine diesel engines in question were fully compliant...