Universal Technologies (NYSE:UTX) is strong on international exposure, which empowers it to leverage growth in emerging markets, but at this time FBR likes Illinois Tool (NYSE:ITW), Tyco (NYSE:TYC), 3M (NYSE:MMM), Cooper (NYSE:CBE), WESCO (NYSE:WCC), SPX (NYSE:SPW) and Actuant (NYSE:ATU), citing more upside to their price targets on them.
FBR says, "We continue to view UTC as better positioned relative to other late-cycle companies reflecting revenue visibility afforded by its 40% aftermarket exposure. We also like the company’s 53% international revenues, which help it leverage growth in emerging markets. However, we see greater upside to our price targets in Outperform-rated Illinois Tool (ITW), Tyco (TYC), 3M (MMM), Cooper Industries (CBE), WESCO ( WCC), SPX (NYSE: SPW), and Actuant (ATU). We are maintaining our 2011/2012 estimates and Market Perform rating on United Technologies with a 12-month price target of $83, representing 6% potential upside."
FBR Capital maintains a 'Market Perform' rating on Universal Technologies (UTX), which closed Thursday at $82.59, gaining $1.18, or 1.45 percent. FBR has a price target of $83 on UTX.
Showing posts with label Actuant. Show all posts
Showing posts with label Actuant. Show all posts
Friday, January 28, 2011
Friday, December 17, 2010
Danaher (NYSE:DHR) 2001 EPS Guidance Below Consensus
Danaher (NYSE:DHR) revealed at a meeting in New York that its EPS guidance for 2011 would come in lower than consensus.
FBR said, "At its well-attended outlook meeting in New York, as expected, Danaher provided 2011 EPS guidance that came in modestly below consensus at midpoint...We also see the resegmenting of the businesses as a positive, increasing visibility into underlying operating and earnings trends. We continue to like Danaher’s execution on organic growth through share gains and new product innovations. Portfolio mix and solid balance sheet and cash flow add to the shares defensive appeal. We have a constructive bias on the shares but maintain our Market Perform rating for now, as we see greater upside to our price targets in Outperform-rated Actuant (NYSE:ATU), Cooper (NYSE:CBE), SPX (NYSE:SPW), WESCO (NYSE:WCC), Illinois Tool Works (NYSE:ITW), 3M (NYSE:MMM), and Tyco (NYSE:TYC)."
FBR Capital maintains a "Market Perform" rating on Danaher, which closed Thursday at $46.79, up $0.88, or 1.92 percent. FBR has a price target on them of $50.
FBR said, "At its well-attended outlook meeting in New York, as expected, Danaher provided 2011 EPS guidance that came in modestly below consensus at midpoint...We also see the resegmenting of the businesses as a positive, increasing visibility into underlying operating and earnings trends. We continue to like Danaher’s execution on organic growth through share gains and new product innovations. Portfolio mix and solid balance sheet and cash flow add to the shares defensive appeal. We have a constructive bias on the shares but maintain our Market Perform rating for now, as we see greater upside to our price targets in Outperform-rated Actuant (NYSE:ATU), Cooper (NYSE:CBE), SPX (NYSE:SPW), WESCO (NYSE:WCC), Illinois Tool Works (NYSE:ITW), 3M (NYSE:MMM), and Tyco (NYSE:TYC)."
FBR Capital maintains a "Market Perform" rating on Danaher, which closed Thursday at $46.79, up $0.88, or 1.92 percent. FBR has a price target on them of $50.
Wednesday, December 15, 2010
Actuant (NYSE:ATU) Trending Strong on Enerpac, Grainger
FBR Capital sees Actuant (NYSE:ATU) continuing to perform strongly and expect earnings to be positive with their December 16 report.
FBR said, "We have a positive bias on Actuant shares heading into F1Q11 earnings on Dec 16 based on our expectation for upside earnings and positive outlook commentary. We see upside to FBR/consensus EPS estimate of $0.35/$0.34 primarily from better trends at Actuant’s highly profitable Enerpac (hydraulic tools, 28% of revenues), where our channel checks and proxy industrial indicators in Industrial Production and Grainger monthly sales suggest solid trends through the quarter...We are increasing our 2011/2012 EPS estimates to $1.55/$1.80 to reflect the Mastervolt acquisition and better underlying operating trends."
FBR Capital reiterates an "Outperform/Top Pick" rating on Actuant, which closed Tuesday at $27.69, gaining $0.78, or 2.90 percent. Their price target on them was raised to $29.
FBR said, "We have a positive bias on Actuant shares heading into F1Q11 earnings on Dec 16 based on our expectation for upside earnings and positive outlook commentary. We see upside to FBR/consensus EPS estimate of $0.35/$0.34 primarily from better trends at Actuant’s highly profitable Enerpac (hydraulic tools, 28% of revenues), where our channel checks and proxy industrial indicators in Industrial Production and Grainger monthly sales suggest solid trends through the quarter...We are increasing our 2011/2012 EPS estimates to $1.55/$1.80 to reflect the Mastervolt acquisition and better underlying operating trends."
FBR Capital reiterates an "Outperform/Top Pick" rating on Actuant, which closed Tuesday at $27.69, gaining $0.78, or 2.90 percent. Their price target on them was raised to $29.
Thursday, December 2, 2010
Actuant’s (NYSE:ATU) Acquisition of Mastervolt Good Strategic Fit
Citing the recent $150 million acquisition of Mastervolt as a strategic good fit, FBR Capital says they're maintaining their "Outperform/Top Pick" rating on Actuant (NYSE:ATU).
"We view Actuant’s $150 million acquisition of Mastervolt, a European producer of electric inverters for photovoltaic and marine applications, as a good strategic fit adding exposure to secular growth trends in solar, and a positive for shares...We continue to like Actuant’s positioning in mid-to-late-cycle markets and see upside to estimates as beaten-down businesses in truck, auto, RV, and Energy recover," said FBR.
Actuant closed up Wednesday at $24.45, gaining $0.82, or 3.47 percent. FBR has a price target of $26 on them.
Trading volume was almost three times the daily 3-month average.
"We view Actuant’s $150 million acquisition of Mastervolt, a European producer of electric inverters for photovoltaic and marine applications, as a good strategic fit adding exposure to secular growth trends in solar, and a positive for shares...We continue to like Actuant’s positioning in mid-to-late-cycle markets and see upside to estimates as beaten-down businesses in truck, auto, RV, and Energy recover," said FBR.
Actuant closed up Wednesday at $24.45, gaining $0.82, or 3.47 percent. FBR has a price target of $26 on them.
Trading volume was almost three times the daily 3-month average.
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