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Piper Jaffray Raises Estimates & PT On Lincoln Electric
Tuesday, February 22, 2011 - 9:54am | 189Piper Jaffray is maintaining its Overweight rating and increasing its outlook for Lincoln Electric (NASDAQ: LECO) as it believes the company is centrally positioned to benefit from the continued build-out of global infrastructure. Piper expects that the BRIC countries will continue to drive the...
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Tennant Company Reports 2010 Fourth Quarter Results of $0.88
Tuesday, February 22, 2011 - 9:47am | 73Tennant Company (NYSE: TNC), a world leader in designing, manufacturing and marketing of solutions that help create a cleaner, safer, healthier world, today reported net earnings of $17.0 million, or $0.88 per diluted share, on net sales of $182.8 million for the fourth quarter ended December 31,...
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3D Systems Acquires Quickparts for $25M
Tuesday, February 22, 2011 - 9:26am | 563D Systems Corporation (Nasdaq: TDSC) announced today that it acquired Quickparts, a leading custom parts services company based in Atlanta, GA with 2010 annual revenue of $25 million. The company expects this acquisition to be immediately accretive to its net income and contribute favorably to...
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Piper Jaffray Raises PT On Lincoln Electric To $86
Tuesday, February 22, 2011 - 8:29am | 27Piper Jaffray has raised the price target on Lincoln Electric (NASDAQ: LECO) from $74 to $86 and maintains its Overweight rating.
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Merger Arbitrage Mondays – February 21, 2011
Monday, February 21, 2011 - 11:38am | 4843Merger activity decreased last week with five new deals announced and four deals closing. 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 23 Total Number of Pending...
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Puts Purchased on Barnes Group (B)
Friday, February 18, 2011 - 2:57pm | 117Shares of Barnes Group (NYSE: B) are lower on the session by 4.42%, currently trading at $20.77. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while...
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Lincoln Electric Reports Q4 EPS of $0.90 vs. $0.82
Friday, February 18, 2011 - 9:20am | 92Lincoln Electric Holdings, Inc. (Nasdaq: LECO) today reported fourth quarter 2010 net income of $41.5 million, or $0.98 per diluted share. Sales were $564.3 million in the fourth quarter 2010 versus $462.4 million in the comparable 2009 period, an increase of 22.0%. Operating income for the...
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A Peek Into The Market Before The Trading Starts
Friday, February 18, 2011 - 8:52am | 528Pre-open movers US stock futures are slightly lower this morning, ahead of the 2-day Group of 20 meeting in Paris. The People's Bank of China lifted its reserve requirement ratio for banks by 50 basis points. Futures for the Dow Jones Industrial Average dropped 6 points to 12,282.00, while those...
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Barnes Group Reports Q4 EPS of $0.21
Friday, February 18, 2011 - 8:22am | 72Barnes Group Inc. (NYSE: B) today reported financial results for the fourth quarter and full year 2010. Fourth quarter 2010 sales totaled $283.3 million, up 10.4 percent from $256.5 million in the fourth quarter of 2009. Net income of $11.5 million, or $0.21 per diluted share, compared to net...
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Barnes Group Reports Q4 EPS of $0.21
Friday, February 18, 2011 - 7:42am | 57Barnes Group (NYSE: B) reports its Q4 EPS at $0.21, up from $0.11, in the year-ago period. Barnes reports its Q4 revenue at $283.3 million, versus the consensus of $276.9 million. Barnes shares gained 1.40% to close at $21.73 yesterday. Read more from Benzinga's Company news.
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Earnings Scheduled For February 18 (PGN, BAM, CPB, CRMT, PNW, DLR, AGP, HPT, B, HS)
Friday, February 18, 2011 - 4:00am | 267Progress Energy Inc (NYSE: PGN) is projected to post its Q4 EPS at $0.44 on revenue of $2.44 billion. Brookfield Asset Management (NYSE: BAM) is projected to post its Q4 EPS at $0.36 on revenue of $3.14 billion. Campbell Soup (NYSE: CPB) is estimated to report its FQ2 EPS at $0.72 on revenue of $2...
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NASDAQ Stocks Hitting 52-Week Highs (MINI, TYPE, ARGN, TDSC)
Thursday, February 17, 2011 - 11:28am | 140Mobile Mini Inc (NASDAQ: MINI) shares gained 0.71% to create a new 52-week high of $21.38. MINI is scheduled to report its Q4 results on February 28. Monotype Imaging Holdings Inc (NASDAQ: TYPE) shares rose 19.41% to touch a new 52-week high of $13.84. TYPE reported better-than-expected Q4 results...
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Morning Market Movers (XWES, WTW, TDSC, TBL)
Thursday, February 17, 2011 - 10:56am | 119World Energy Solutions Inc (DE) (NASDAQ: XWES) gained 33.20% to $3.25 at 9:55 am. XWES reported a 40% surge in its Q4 revenue. Weight Watchers International Inc (NYSE: WTW) shares surged 32.28% to $59.42. WTW reported better-than-expected Q4 results and issued upbeat FY11 earnings guidance. 3D...
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Hudson Raises PT on EnPro Industries to $50 (NPO)
Thursday, February 17, 2011 - 10:55am | 81Hudson is out with its report today on EnPro Industries (NYSE: NPO), raising its price target from $45 to $50. In a note to clients, Hudson writes, "We are maintaining our 2011 EPS estimate of $3.72, and raising our 2012 EPS estimate to $4.38 from $4.20. We are raising our price target to $50 from...
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Gabelli & Company Maintain Donaldson Hold (DCI)
Thursday, February 17, 2011 - 10:03am | 71Gabelli & Company maintained its Donaldson (NYSE: DCI) Hold rating in a research report published today. In the report, Gabelli states, "Despite the dip in shares we continue to recommend investors Hold DCI shares on valuation as they trade essentially in line with our FY12 PMV of $56 per share...