Industrial Machinery

Electric equipment maker Eaton Corporation (ETN) said it will acquire Tuthill Coupling Group with a view to strengthen its fluid conveyance business. Eaton expects the Tuthill acquisition to provide its customers with a more complete fluid conveyance coupling product portfolio. The company...

Electric equipment maker Eaton Corporation (ETN) said it will acquire Tuthill Coupling Group with a view to strengthen its fluid conveyance business. Eaton expects the Tuthill acquisition to provide its customers with a more complete fluid conveyance coupling product portfolio. The company...

J.P. Morgan is raising its PT on Actuant Corporation (NYSE: ATU) from $24 to $27.

Pentair (NYSE: PNR), today announced an agreement to acquire Hidro Filtros do Brasil, a leading manufacturer of water filters and filtering elements for residential and industrial applications operating in Brazil and neighboring countries. Hidro Filtros will operate under the brand name "Pentair...

ITT Corporation (NYSE: ITT) today announced its full-year 2011 earnings forecast in the range of $4.62 to $4.82 per share, representing approximately 7 to 12 percent growth compared with its 2010 adjusted earnings per share guidance midpoint of $4.30. The company expects 2011 total revenue growth...

Pentair, Inc. (NYSE: PNR) today provided its 2011 sales and earnings outlook. For the full year 2011, the company anticipates sales growing in the mid-single digit range to approximately $3.2 billion. Pentair expects 2011 net earnings per diluted share from continuing operations (EPS) will be...

The CLARCOR Inc. (NYSE: CLC) Board of Directors at its December board meeting declared a regular quarterly dividend of $0.105 per share. The dividend is payable January 21, 2011 to shareholders of record January 7, 2011.

Shares of NN, Inc. (Nasdaq: NNBR) are currently up 11.4% at $10.49 per share during Thursday afternoon trading. The company announced earlier today that James "J.R." Widders has been named Vice President and General Manager of the company's Precision Metal Components Segment. Chairman and chief...

The U.S. Naval Sea Systems Command has exercised the third option of the Joint Counter Radio-Controlled Improvised Explosive Device Electronic Warfare 3.3 contract and has awarded ITT (NYSE: ITT) the development of this next generation counter-IED system. ITT is the sole recipient of the contract...

Illinois Tool Works Inc. (ITW) reported an 11% year-over-year rise in its operating revenues for the three months ended November 30, 2010.  The increase records a 9% growth attributable to a hike in base revenue and 3% to acquisitions. Currency translation had a negative 1.0% impact on the...

Illinois Tool Works Inc. (ITW) reported an 11% year-over-year rise in its operating revenues for the three months ended November 30, 2010.  The increase records a 9% growth attributable to a hike in base revenue and 3% to acquisitions. Currency translation had a negative 1.0% impact on the...

Shares of ITT Corporation (NYSE: ITT) are higher on the session by 0.70%, trading at $50.35. Overall put volume is now running at 14.59x the daily average, with 32% of all puts traded being purchases on the offer. 3,604 contracts have traded on the session so far. ITT Corporation is a global...

As the year winds up, I thought I would take a look at the sector performance for the oil and oil services names for 2010. The exploration and production names like Chesapeake (NYSE: CHK), Barnwell Industries, Inc. (AMEX: BRN), Carrizo Oil & Gas, Inc. (NASDAQ: CRZO) and Brigham Exploration...

Citi reports Illinois Tool Works (NYSE: ITW) is trending higher than Citi's estimates. In a note to clients, Citi writes, "Buy-rated ITW reported Nov three-month base revenue growth of 9%, down slightly from +11% in 3Q10 but slightly ahead of our 4Q10 estimate for 7.4% (including expectations for...