Industrial Machinery

American Electric Technologies, Inc. (Nasdaq: AETI) today announced the following results for the fiscal fourth quarter ended December 31, 2010. Total sales for the three months ended December 31, 2010 were $10.5 million, essentially flat from the September 30, 2010 quarter. The Company reported...

Analysts at BofA/Merrill downgrade Illinois Tool Works Inc (NYSE: ITW) from “buy” to “neutral.” The target price for ITW is set to $60. ITW shares gained 0.89% to close at $54.41 yesterday. More Analyst Ratings here

According to Global Hunter Securities, Robbins & Myers' (NYSE: RBN) estimates are updated as seasonal slowdown never happened. Global Hunter reported that it is increasing its FQ2 2011 estimates to $0.50 from $0.42 as the seasonal slowdown that generally occurs in US drilling did not happen. “...

Merger activity decreased last week with three new deals announced. You can find all the deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 39 Total Number of Deals Not Completed in 2011 1...

The market seems to have shifted to at least short-term bullish, so I decided to put a little cash to work on some names I believe will perform nicely for the longer term picture. On Thursday afternoon, we picked up 100 shares of Cavium Networks Inc (CAVM) at $40.91. They are a hardware...

Gabelli has published a report on EnPro Industries' (NYSE: NPO) plans for handling asbestos claims. According to the report, “In June 2010, NPO established a trust to permanently resolve all current and future asbestos claims against Garlock Sealing Technologies under section 524g of the...

Gabelli has reported that Circor International's (NYSE: CIR) asbestos case has come to a resolution. According to Gabelli, “ In February, the U.S. District Court approved CIR's 524g trust to permanently resolve the company's asbestos liabilities. The company will make a one-time $75 mm payment to...

FBR Capital Markets has published a research report on International Rectifier Corporation (NYSE: IRF) after the company's 1Q results show strong business trends that should continue through at least the next quarter, if not more. In the report, FBR writes "Recent channel checks suggest that...

Piper Jaffray has raised the price target on Chart Industries (NASDAQ: GTLS) from $56 to $70 and maintains its Overweight rating.

Analysts at BB&T Capital initiate coverage of Harsco Corporation (NYSE: HSC) with a “hold” rating. HSC shares rose 4.62% to close at $34.86 yesterday. More Analyst Ratings here

3D Systems Corporation (Nasdaq: TDSC) announced today that the United States District Court for the Eastern District of Michigan, Southern Division, has entered a judgment of patent infringement in its favor against Envisiontec, Inc., Envisiontec GmbH and SIBCO, Inc. in a case brought by the...

Shares of China Fire & Security Group, Inc. (NASDAQ: CFSG) are lower on the session by 0.84%, currently trading at $5.87. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on...

On March 20, 2011, Mr. Xiaoyuan Yuan resigned as Principal Accounting Officer of China Fire & Security Group, Inc. (NASDAQ: CFSG) effective immediately. Mr. Yuan resigned for personal reasons and there were no disagreements between him and the Company on any matter that resulted in his...

II-VI Incorporated (NASDAQ: IIVI) shares moved up 1.08% to $47.85 at 10:10 am. The volume of IIVI shares traded was 168% higher than normal. IIVI's trailing-twelve-month operating margin is 18.87%. TriMas Corporation (NASDAQ: TRS) shares rose 3.09% to $20.00. The volume of TRS shares traded was...

According to Gabelli, Watts Water Technologies (NYSE: WTS) completed over 30 acquisitions that contributed significantly to growth since the company became public in 1986. Gabelli reported that an acquisition should have preferred brands that can add to WTS' stable list of name brands or provide...