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Ingersoll-Rand Appoints Paul Camuti to Newly Created Position of Innovation and Chief Technology Officer
Monday, August 1, 2011 - 8:12am | 69Ingersoll-Rand plc (NYSE: IR) announced the appointment of Paul Camuti as senior vice president of innovation and chief technology officer. In this newly-created role, Camuti is responsible for accelerating global innovation and technology-led growth strategies, and promoting an innovation-...
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News Summary for August 1, 2011
Monday, August 1, 2011 - 7:47am | 559This is your Benzinga news summary and traders' outlook for Monday, August 1, 2011, covering headlines from overnight and Monday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher and the U.S. Dollar lower after Republican and Democratic leaders in...
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Citigroup Lowers PT on ITT Corporation to $57
Monday, August 1, 2011 - 6:57am | 26Citigroup has lowered the price target on ITT Corporation (NYSE: ITT) from $66 to $57 and maintains its Hold rating.
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Piper Jaffray Comments on Lincoln Electric
Monday, August 1, 2011 - 6:54am | 169Piper Jaffray has published a report on Lincoln Electric (NASDAQ: LECO) reviewing the company's global outlook. In the report, Piper Jaffray wrote, "We remain impressed with Lincoln's drive to continue to move forward on the acquisition front, a move that we believe is incrementally increasing...
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Stocks to Watch for Monday 8/01/2011: Fresh 52 Week Highs and Lows
Sunday, July 31, 2011 - 10:55pm | 3407Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Friday's trading session (listed from highest total volume to...
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Earnings Expectations for the Week of August 1
Sunday, July 31, 2011 - 10:02am | 1197Quarterly reports of note scheduled for this week include those from Archer Daniels Midland (NYSE: ADM), General Motors (NYSE: GM), MasterCard (NYSE: MA), Procter & Gamble (NYSE: PG) and Time Warner (NYSE: TWX), all of which are expected to post earnings growth, as well as Pfizer (NYSE: PFE)...
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Sunday Morning Coffee
Sunday, July 31, 2011 - 8:13am | 385A Facebook friend posted a status update that really intrigued me. It was a small news item that I was able to find via Google as follows; RICHARDTON, N.D. (AP) - A Roman Catholic monastery in North Dakota is putting its ranching operation out to pasture because it lacks monks with cowboy skills....
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Lincoln Electric Acquires Techalloy
Friday, July 29, 2011 - 4:12pm | 57Lincoln Electric Holdings, Inc. (Nasdaq: LECO) announced today that it has acquired the welding operation assets of Techalloy Company, Inc. and of its parent company, Central Wire Industries Ltd. Known commercially as Techalloy, the Baltimore, Maryland-based manufacturer is a privately-held...
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Lincoln Electric Acquires Torchmate
Friday, July 29, 2011 - 4:08pm | 62Lincoln Electric Holdings, Inc. (Nasdaq: LECO) announced today that it has acquired substantially all of the assets of Applied Robotics, Inc., a leading manufacturer of CNC cutting tables and accessories in North America. Applied Robotics, known in the welding industry by its brand name, Torchmate...
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Colfax up 12% on Upbeat Earnings
Friday, July 29, 2011 - 3:41pm | 40Colfax (NYSE: CFX) is up 12% on the upbeat earnings. The company reported this morning Q2 EPS $0.32 vs $0.26 Est; Revenues $186.7M vs $155.07M Est. Colfax is currently trading at $27.00, a gain of $2.93 or 12.17%.
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Crane Co. (CR) Powerful Post Recession Performance? Part 3 of 7
Friday, July 29, 2011 - 11:03am | 113Crane Co. (CR) is an industrial company that manufactures and distributes products for the construction, aerospace, defense and miscellaneous other industries. Their primary products are industrial pumps, fluid control devices, vending machines, fiberglass panels, aircraft brake systems and valves...
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Crane Co. (CR) Powerful Post Recession Performance? Part 3 of 7
Friday, July 29, 2011 - 10:47am | 1626Crane Co. (CR) is an industrial company that manufactures and distributes products for the construction, aerospace, defense and miscellaneous other industries. Their primary products are industrial pumps, fluid control devices, vending machines, fiberglass panels, aircraft brake systems and valves...
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Jefferies Reiterates Hold on Tennant, Raises PT to $42
Friday, July 29, 2011 - 8:14am | 43Jefferies reiterated its Hold rating on Tennant (NYSE: TNC). At the same time, the rating agency raised its price target on the company's stock from $39 to $42. On Thursday, TNC surged 11.71% to end the day at $44.25.
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Wunderlich Securities Reiterates Buy and PT of $65 on the Timken Company
Friday, July 29, 2011 - 7:58am | 49Wunderlich Securities reiterated its Buy rating on the Timken Company (NYSE: TKR). At the same time, the rating agency left its price target on the company's stock unchanged at $65. On Thursday, TKR lost 2.89% of its value to end the day at $44.04.
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News Summary for July 29, 2011
Friday, July 29, 2011 - 7:52am | 542This is your Benzinga news summary and traders' outlook for Friday, July 29, 2011, covering headlines from overnight and Friday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower as traders worry about when the decision on the debt ceiling will be...