Company Overview and News


Add AIMC
to your dashboard

Headline News

Actuant Braves Margin Loss Risks With Robust Growth Drivers

2017-12-22 zacks
On Dec 22, we issued an updated research report on Actuant Corporation (ATU - Free Report) . (40-0)

Here's Why It's the Right Time to Buy Altra Industrial (AIMC)

2017-12-21 zacks
We issued an updated research report on Altra Industrial Motion Corporation (AIMC - Free Report) on Dec 20. We believe that a diversified business structure, initiatives to return higher value to shareholders and inorganic activities make this stock an attractive choice for investors seeking exposure in the machinery industry. The stock carries a Zacks Rank #2 (Buy). Altra Industrial’s financial performances were better than expected in the last four quarters. (12-0)

Actuant (ATU) Beats on Q1 Earnings and Revenue Estimates

2017-12-21 zacks
Actuant Corporation (ATU - Free Report) recently reported better-than-expected results for first-quarter fiscal 2018 (ended Nov 30, 2017). (43-0)

Regal Beloit Poised for Healthy Growth Despite Margin Woes

2017-12-18 zacks
On Dec 18, we issued an updated research report on industrial goods manufacturer, Regal Beloit Corporation (RBC - Free Report) . Over the years, Regal Beloit has consolidated its product lines and streamlined brands to evolve as a dynamic enterprise. In order to drive continuous improvement, the company has strictly followed ‘Compass Operating System’ that encompasses a common set of business processes, disciplines and lean Six Sigma tools. (30-0)

Middleby Business Opportunities Solid, Competition a Drag

2017-12-13 zacks
We have issued an updated research report on The Middleby Corporation (MIDD - Free Report) on Dec 12. Strengthening commercial foodservice, food processing and residential kitchen equipment businesses as well as the company’s innovation investments and synergistic benefits from acquired assets will prove beneficial. However, the growth momentum might get restricted by headwinds rising from international exposure, industry competition and existing near-term risks in the residential kitchen equipment business. (3-0)

Colfax Completes Divestment of Fluid Handling Unit to CIRCOR

2017-12-12 zacks
Machinery company Colfax Corporation (CFX - Free Report) announced yesterday that it has completed the sale of its Fluid Handling business to CIRCOR International, Inc for approximately $863 million. The deal was announced on Sep 27. The company’s Fluid Handling business offered products like pumps, fluid handling systems and controls, and specialty valves. Prime brands include Allweiler and Imo. The results of this business were grouped under the company’s Gas and Fluid Handling segment (now renamed to Air and Gas Handling). (15-0)

Fortune Brands Ups Dividend by 11%, to Buyback $250M Shares

2017-12-12 zacks
Fortune Brands Home & Security, Inc. (FBHS - Free Report) announced that on Dec 8 its board of directors approved an 11% increase in the quarterly dividend rate and authorized a $250 million share buyback program. Such disbursements reflect the company’s strong cash position and its commitment toward rewarding its shareholders handsomely. In the last three months, Fortune Brands’ shares have yielded 5. (7-0)

Applied Industrial Poised on Solid Operations, Buyout Gains

2017-12-12 zacks
We issued an updated research report on Applied Industrial Technologies, Inc. (AIT - Free Report) on Dec 8. We believe that a diversified business structure, initiatives to return higher value to shareholders and inorganic activities makes this stock an attractive choice for investors seeking exposure in the machinery industry. It currently carries a Zacks Rank #2 (Buy). Its investment appeal is further accentuated by a favorable VGM Score of A. (24-0)

Middleby's Food Processing Unit to Gain From Scanico Buyout

2017-12-08 zacks
Machinery company The Middleby Corporation (MIDD - Free Report) recently announced the acquisition of Denmark-based Scanico A/S. Financial terms of the buyout have not been disclosed. As revealed, Scanico A/S is a leading manufacturer of industrial equipment meant for freezing and cooling for the food processing industry. Its portfolio includes products like Ambient Spiral Cooler, Spiral Cooler, SingleStacking Freezer, Single Drum Freezer, Twin Drum Freezer, Impingement Freezer, TwinImp Crust Freezer, Belt Freezer, Spiral Proofer and Spiral Cooker. (26-0)

Actuant Combats Energy Market Woes With Portfolio Reshaping

2017-12-07 zacks
We have issued an updated research report on Actuant Corporation (ATU - Free Report) on Dec 6. Strengthening Industrial and Engineered Solutions businesses as well as the company’s efforts to reshape its Energy portfolio will prove beneficial. However, the growth momentum might get restricted by headwinds rising from international exposure, industry competition and existing risks in the energy market. (36-0)

Illinois Tool Provides Long-Term Goals, Initiates 2018 View

2017-12-04 zacks
Industrial tool maker Illinois Tool Works Inc. (ITW - Free Report) hosted its Investors Day 2017 on Dec 1. The company focused on its long-term growth targets and also initiated forecast for 2018. A brief discussion on the event has been provided below. For the five years from 2018 to 2022, the company anticipates to gain from its solid product portfolio and growth strategies. From 2018 and beyond, it expects organic revenue growth to be in the 3-5% range, operating margin to be in excess of 25%, incremental margin to be 35% and earnings per share to grow 8-10% in each year. (13-0)

Actuant Shuffles Energy Wing With Viking Sale, Mirage Buyout

2017-12-04 zacks
Machinery company Actuant Corporation (ATU - Free Report) announced that it has successfully divested its Viking SeaTech business to Acteon Group Limited and acquired Mirage Machines, Ltd. from the same. Both these transactions were originally announced on Aug 16. Viking SeaTech business was part of Actuant’s Energy segment and primarily delivered mooring solutions in the offshore oil & gas exploration, drilling and well development end markets. (8-0)

Rexnord (RXN) Prices $500M 4.875% Senior Notes Offering

2017-12-01 zacks
Machinery company Rexnord Corporation (RXN - Free Report) recently priced an offering of $500 million of 4.875% senior notes due Dec 15, 2025. Subject to customary closing conditions, this offering is anticipated to close on Dec 7, 2017. As noted, the senior notes will be issued by Rexnord’s two subsidiaries — RBS Global, Inc. and Rexnord LLC — and will be guaranteed by the company. Interest rate of 4. (12-0)

Allegion (ALLE) to Buy Qatar Metal, Expand in Middle East

2017-11-28 zacks
In order to accelerate growth in the fast growing EMEIA (Europe, Middle East, India and Africa) region, Allegion plc (ALLE - Free Report) will be acquiring one of Middle East’s largest manufacturers of commercial steel and wood doors and frames, Qatar Metal Industries. The transaction is expected to close in the first quarter of 2018. Buyout Benefits Qatar Metal, whose products are closely associated with Allegion’s core business and specification capabilities, will operate in Allegion’s EMEIA region. (27-0)

What Makes Nordson (NDSN) Stock a Solid Investment Choice?

2017-11-28 zacks
We issued a research report on Nordson Corporation (NDSN - Free Report) on Nov 27. We believe that a solid product portfolio, wide international operations and synergistic benefits from acquired assets have strengthened the company’s prospects. It currently has $7.4 billion market capitalization. It currently carries a Zacks Rank #2 (Buy). Below we briefly discuss the company’s potential growth drivers. (14-0)

CUSIP: 02208R106