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Brean Murray Ups IDEX To Buy
Thursday, April 21, 2011 - 7:42am | 48Analysts at Brean Murray upgrade IDEX Corporation (NYSE: IEX) from “hold” to “buy.” The target price for IDEX is set to $53. IDEX shares rose 2.04% to close at $44.54 yesterday. More Analyst Ratings here
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Ingersoll Rand Delivers First-Quarter EPS of $0.35 on 13 Percent Revenue Growth; Announces Intent to Divest Hussmann Refrigeration Business
Thursday, April 21, 2011 - 7:07am | 158Ingersoll-Rand (NYSE: IR) today reported that total revenues increased 13 percent for the first quarter of 2011 compared with the 2010 first quarter; orders increased by approximately 12 percent; and diluted earnings per share (EPS) from continuing operations were at the top of the prior guidance...
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Dover Reports Q1 EPS $0.92 vs. $0.90 Estimate (DOV)
Thursday, April 21, 2011 - 7:01am | 16Dover Reports Q1 EPS $0.92 vs. $0.90 Estimate (NYSE: DOV)
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Danaher Reports Upbeat Q1 Earnings
Thursday, April 21, 2011 - 6:44am | 67Danaher Corp (NYSE: DHR) reported its Q1 earnings at $0.63 per share, up from $0.45 per share, in the year-ago period. DHR's sales rose to $3.35 billion from $3.01 billion. Analysts were expecting earnings of $0.57 per share on revenue of $3.3 billion. DHR shares gained 1.75% to close at $53.56...
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Danaher Extends Cash Tender Offer for Beckman Coulter (DHR, BEC)
Wednesday, April 20, 2011 - 5:10pm | 168Danaher Corporation (NYSE: DHR) announced today that its previously announced tender offer to acquire all of the outstanding shares of Beckman Coulter, Inc. (NYSE: BEC) for $83.50 per share in cash has been extended and will now expire at 12:00 midnight, New York City time, at the end of June 6,...
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Gardner Denver Reports EPS $1.13 vs. $0.95 Estimate; Revenues $531.9M vs. $502.29M Estimate (GDI)
Wednesday, April 20, 2011 - 4:11pm | 21Gardner Denver (NYSE: GDI) Reports EPS $1.13 vs. $0.95 Estimate; Revenues $531.9M vs. $502.29M Estimate
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Deutsche Bank Discusses Eaton's Earnings (ETN)
Wednesday, April 20, 2011 - 11:29am | 159Deutsche Bank has a research report on Eaton (NYSE: ETN) after the company reported earnings. It has a Hold rating on shares. In a note to investors, Deutsche Bank writes, "Eaton raised FY guidance by 15c to a range of $3.70-4; this compares to DB at $3.90 and the street at $3.81 so the outlook...
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Eaton CEO is Refusing to Comment on Larsen Bid Report -Bloomberg (ETN)
Wednesday, April 20, 2011 - 10:47am | 23Bloomberg reports that Eaton (NYSE: ETN) CEO is refusing to comment on Larsen bid report.
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J.P. Morgan Out With Initial Thoughts On Eaton's Earnings (ETN)
Wednesday, April 20, 2011 - 10:41am | 141J.P. Morgan Chase & Co. is out with a research report on Eaton (NYSE: ETN) after the company reported earnings. It has an Overweight rating on shares. In a note to clients, J.P. Morgan writes, "ETN (OW) posted an upside Q1 report and updated its FY'11 earnings guidance. ETN reported Q1'11...
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Benzinga's Volume Movers (TRS, STSA, INTC, ASML)
Wednesday, April 20, 2011 - 10:17am | 150TriMas Corporation (NASDAQ: TRS) shares moved up 6.03% to $22.70 at 10:15 am. The volume of TRS shares traded was 1137% higher than normal. TRS priced public offering of 4,500,000 shares of common stock at $20.70 per share. Sterling Financial Corporation (NASDAQ: STSA) shares rose 9.28% to $18.02...
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TriMas Corporation Announces Pricing of Upsized Offering of Stock at $20.70/Share (TRS)
Wednesday, April 20, 2011 - 9:42am | 129TriMas Corporation (NASDAQ: TRS) announced today that the sale by Heartland Industrial Associates, L.L.C. of 4,500,000 shares of TriMas Corporation's common stock to Deutsche Bank Securities Inc. as the sole underwriter in the registered public offering of those shares has been priced at $20.70 per...
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News Summary
Wednesday, April 20, 2011 - 9:37am | 237Shares of Abbott Laboratories (NYSE: ABT) gained about 1% after the company reported its Q1 profit at $864 million, or $0.55 per share, down from $1 billion, or $0.64 per share, in the year-ago period. The company's net sales increased to $9.04 billion from $7.70 billion. On an adjusted basis, the...
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ETN 1Q EPS Ahead Of Consensus, Jefferies Estimates
Wednesday, April 20, 2011 - 9:17am | 140Eaton Corporation (NYSE: ETN) reported 1Q EPS of $0.84, excluding charges, “$0.04 ahead of our estimate and consensus of $0.80,” Jefferies reports. “Operating earnings projected for 2011 are $3.70-4.00 (a $0.15 increase from prior) versus consensus of $3.79/share,” Jefferies writes. “The stock...
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Goldman Discusses Eaton's Earnings (ETN)
Wednesday, April 20, 2011 - 8:57am | 126Goldman Sachs has a Buy rating on shares of Eaton Corp. (NYSE: ETN) after it reported earnings. In a note to clients, Goldman writes, "Given recent share price underperformance, we would expect shares to react favorably to 1Q results and the 4% increase in guidance at the high end of the range. We...
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Jefferies Reports On Surprising 1Q11 For TRS
Wednesday, April 20, 2011 - 7:42am | 153Jefferies is reporting the preannouncement of a surprisingly positive 1Q11 for TriMas Corp. (NASDAQ: TRS). In the report, Jefferies states, “TRS is out of the gates strongly in 2011. When we generally apply the implications of the upside surprise and management's comment that growth will moderate...