Industrial Machinery

Parker Hannifin (NYSE: PH) Reports EPS of $1.68 vs. $1.54 Estimate; Revenues $3.24B vs. $3.06B Estimate

Piper Jaffray has lowered its price target on Pentair Inc. (NYSE: PNR) from $48 to $47 and is maintaining an Overweight rating on the stock in light of a strong 1Q. In the report, Piper Jaffray writes, “We maintain our Overweight rating on shares of PNR and are taking up our estimates to reflect a...

Parker Hannifin Corporation (NYSE: PH) today announced that its Board of Directors increased the Company's regular quarterly cash dividend to 37 cents per share of common stock and declared a dividend payable June 3, 2011 to shareholders of record as of May 10, 2011. This represents a 16 percent...

Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that its Board of Directors increased the Company's regular quarterly cash dividend to 37 cents per share of common stock and declared a dividend payable June 3, 2011 to shareholders of...

Piper Jaffray has raised its price target on Lincoln Electric Inc. (NASDAQ: LECO) from $88 to $95 in light of 1Q results. Says Piper Jaffray, in its report, “We continue to view Lincoln as a key component in any portfolio looking to gain exposure to the global build-out of manufacturing and...

Jefferies & Company has raised the price target on Illinois Tool Works (NYSE: ITW) from $65 to $70 and maintains its Buy rating.

Piper Jaffray has raised the price target on Lincoln Electric (NASDAQ: LECO) from $86 to $95 and maintains its Overweight rating.

Piper Jaffray has lowered the price target on Pentair (NYSE: PNR) from $48 to $47 and maintains its Overweight rating.

Below are the top housewares & accessories stocks on the NYSE in terms of earnings estimate for the next year. The earnings estimate for Clorox Company (The) (NYSE: CLX) for the next year ending June, 2012 is $4.41 per share. CLX's trailing-twelve-month ROE is 459.60%. Jarden Corporation (...

Altra Holdings Reports Q1 EPS $0.40 vs. $0.33 Est.; Revenues $159.8M vs. $144.7M Est. (NASDAQ: AIMC)

Altra Holdings (NASDAQ: AIMC) Reports EPS of $0.40 vs. $0.33 Estimate; Revenues $159.8M vs. $144.7M Estimate

Xerium Technologies, Inc. (NYSE: XRM), a leading global manufacturer of industrial textiles and rolls used primarily in the paper production process, today announced that it has appointed David A. Bloss as an independent member of its Board of Directors. Mr. Bloss is the former chairman and CEO of...

Wunderlich Securities raised its Timken (NYSE: TKR) price target from $60 to $65 and reiterated its Timken Buy rating in a research report published today. In the report, Wunderlich Securities states, "Our increase in estimates is partly driven by company guidance and partly due to the improved...

Shares of Illinois Tool Works Inc (NYSE: ITW) are higher on the session by 6.21%, trading at $57.79. Overall call volume is now running at 2.29x the daily average, with 46% of all calls traded being purchases on the offer. 4,251 contracts have traded on the session so far. Illinois Tool Works...

3M Co (NYSE: MMM) reported upbeat Q1 earnings and raised 2011 profit projections. The company's Q1 profit came in at $1.08 billion, or $1.49 per share, up from $930 million, or $1.29 per share, in the year-earlier period. The company's revenue surged to $7.31 billion from $6.35 billion. However,...