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J.P. Morgan Raises ATU Target From $24 To $27
Friday, December 17, 2010 - 9:16am | 22J.P. Morgan is raising its PT on Actuant Corporation (NYSE: ATU) from $24 to $27.
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Pentair to Acquire Hidro Filtros do Brasil
Friday, December 17, 2010 - 9:05am | 64Pentair (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...
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A Peek Into The Market Before The Trading Starts
Friday, December 17, 2010 - 8:56am | 524Pre-open movers US stock futures are lower this morning, as investors are awaiting data on leading indicators. Moody's Investors Service downgraded Ireland's credit rating by five notches. Futures for the Dow Jones Industrial Average fell 12 points to 11,419.00, while those for the S&P 500 lost...
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ITT Forecasts 7 to 12 Percent EPS Growth to $4.62 - $4.82 in 2011
Friday, December 17, 2010 - 8:24am | 84ITT 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...
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Pentair Forecasts 2011 EPS of $1.93 to $1.98
Friday, December 17, 2010 - 8:21am | 123Pentair, 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...
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CLARCOR Declares Dividend of 10.5 Cents
Thursday, December 16, 2010 - 4:33pm | 39The 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.
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NN, Inc Up 11.4% After Hitting 52-Week High (NNBR)
Thursday, December 16, 2010 - 2:29pm | 209Shares 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...
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ITT Awarded Phase III Contract Worth $29M
Thursday, December 16, 2010 - 2:03pm | 59The 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...
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ITW Revenue Update, Guidance Intact - Analyst Blog
Thursday, December 16, 2010 - 2:03pm | 543Illinois 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...
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ITW Revenue Update, Guidance Intact - Analyst Blog
Thursday, December 16, 2010 - 1:45pm | 543Illinois 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...
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12-16-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Thursday, December 16, 2010 - 1:25pm | 4095Associated Press Stocks mixed even after brighter economic reports Stocks flat in early trade; better news on jobless claims and trade fails to entice buyers NEW YORK (AP) — Stocks swung from gains to losses in early trading Thursday as investors mainly shrugged off better news on jobs and trade....
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Options Brief: ITT Corporation (ITT)
Thursday, December 16, 2010 - 12:39pm | 70Shares 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...
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Sector Performance For The Year (CHK, SU, PDS, TRB)
Thursday, December 16, 2010 - 11:26am | 183As 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...
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Citi Reports Illinois Tool Works Trending Higher than Estimates
Thursday, December 16, 2010 - 11:04am | 69Citi 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...
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Nordson Up 5% In Pre-Market On Raised Guidance
Thursday, December 16, 2010 - 10:13am | 56Nordson Corporation (NASDAQ: NDSN) is up 5% in pre-market trading after the company raised its guidance above consensus estimates. Nordson said it expects first quarter earnings to be $1.03-$1.13 per share on revenues of $260.0-$268.0 million. Wall Street is expecting earnings of 94 cents per...