Quarterly Dividends, Prestigious Recognitions, and Acquisition Agreements - Analyst Notes on ITW, ABB, B&W, Lennox and AMETEK
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, May 20, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Illinois Tool Works Inc. (NYSE: ITW), ABB Ltd. (NYSE: ABB), The Babcock & Wilcox Company (NYSE: BWC), Lennox International, Inc. (NYSE: LII) and AMETEK Inc. (NYSE: AME). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2674-100free.
Illinois Tool Works Inc. Analyst Notes
On May 2, 2014, Illinois Tool Works Inc. (ITW) declared a regular quarterly cash dividend of $0.42 per share (or $1.68 per share on an annualized basis). The Company informed that the dividend is payable on July 8, 2014 to stockholders of record as of June 30, 2014. The full analyst notes on ITW are available to download free of charge at:
http://www.analystsreview.com/2674-ITW-20May2014.pdf
ABB Ltd. Analyst Notes
On May 14, 2014, ABB Ltd. (ABB) announced that it was ranked seventh as a new entry on Interbrand's annual list of the most valuable Swiss brands, making it the most valuable B2B business brand in Switzerland. According to Interbrand, B2B brand has been included to the list for the first time, which recognizes its importance to the Swiss economy. Michael Gabriel, Managing Director of Interbrand Zurich, said that the role of brands in the B2B sector has increased continuously in the last few years as many companies have recognized the importance of branding to give them a competitive edge over the long term in highly competitive global industries. "ABB conveys an image of excellent technical quality and high performance, and clearly communicates its contributions to solving today's global challenges," Gabriel said. Commenting on the recognition, Ulrich Spiesshofer, CEO, ABB, said, "We are very proud of this recognition as it shows the tremendous value we have built with our brand. It reflects ABB's status as a world leader in power technologies." ABB had global revenues amounting to $42 billion in 2013, and invests around $1.5 billion annually in research and development. The full analyst notes on ABB are available to download free of charge at:
http://www.analystsreview.com/2674-ABB-20May2014.pdf
The Babcock & Wilcox Company Analyst Notes
On May 13, 2014, The Babcock & Wilcox Company (B&W) announced that its subsidiary, Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) has signed a definitive agreement to acquire industrial processes solutions provider MEGTEC based on an enterprise value of $155 million, subject to adjustment for MEGTEC's cash and indebtedness and certain other closing items. The Company expects the deal to be completed by June 30, 2014. J. Randall Data, B&W PGG President and COO said, "This acquisition enhances B&W PGG's role as a leading environmental products and solutions provider, beyond our historical focus on utility markets, to a variety of industrial applications for customers we haven't traditionally served. MEGTEC's environmental solutions products include oxidizers, energy recovery systems, solvent recovery systems, distillation products, scrubbers, wet electrostatic precipitators (wet ESP) and other equipment for industrial applications." The full analyst notes on B&W are available to download free of charge at:
http://www.analystsreview.com/2674-BWC-20May2014.pdf
Lennox International, Inc. Analyst Notes
On May 14, 2014, Lennox International, Inc. (Lennox) announced that its Board of Directors has voted to increase the quarterly cash dividend by 25%, to $0.30 per share of common stock. Lennox informed that the dividend is payable on July 15, 2014 to the Company stockholders of record as of June 30, 2014. The full analyst notes on Lennox are available to download free of charge at:
http://www.analystsreview.com/2674-LII-20May2014.pdf
AMETEK Inc. Analyst Notes
On May 9, 2014, AMETEK Inc. (AMETEK) announced that its Board of Directors has approved a 50% increase in its quarterly cash dividend on common stock, which now stands at $0.09 per share from $0.06 per share. AMETEK reported that this increased dividend will raise the annualized dividend payout to $0.36 per share. The dividend is payable on June 30, 2014 to shareholders of record at the close of business on June 16, 2014. The full analyst notes on AMETEK are available to download free of charge at:
http://www.analystsreview.com/2674-AME-20May2014.pdf
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