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Shannon Black

Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.

More From Shannon Black

  • uploads///part
    Miscellaneous

    How Post-Brexit Trade Deals Impact US Multinationals in Europe

    If the United Kingdom doesn’t strike a deal with EU, tariffs on industrial goods and services would range between 0% and 16%, depending on the nature of the products.

    By Shannon Black
  • uploads///part
    Earnings Report

    What Did Toro Say about Its Regnerbau Acquisition?

    On November 3, 2016, Toro announced that it had entered into an agreement to acquire Regnerbau Calw, a privately held manufacturer of professional irrigation equipment.

    By Shannon Black
  • uploads///swk part
    Miscellaneous

    How Does SWK Intend to Finance Its Newell Tools Acquisition?

    ~$1.3 billion of the purchase price will be funded by a combination of short-term and long-term debt.

    By Shannon Black
  • uploads///ma
    Company & Industry Overviews

    Key Issues for Specialty Chemicals in the Next Five Years

    When the specialty chemicals industry entered a mature phase in the mid-1990s, innovation came to be characterized by small steps rather than by big leaps.

    By Shannon Black
  • uploads///part
    Earnings Report

    Emerson’s 2Q16 Earnings Up on Efficiency Gains, Lower Share Count

    Emerson Electric (EMR) released its 2Q16 earnings before the Market opened on May 3, 2016. Emerson’s earnings release resulted in a price action of -1%, and the stock closed at $54.67 on the day of the earnings release.

    By Shannon Black
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    Earnings Report

    Why LMT’s Capital Allocation Is Unlikely to Disappoint Investors

    In January 2016, Lockheed Martin unveiled its plan to shed its Information Systems and Global Solutions segment and merge it with Virginia-based Leidos Holdings (SAI).

    By Shannon Black
  • uploads///part
    Earnings Report

    3M Stock: What Do the Major Analysts Think?

    The consensus rating among the 17 analysts covering diversified conglomerate 3M (MMM) has changed only slightly since the beginning of the year.

    By Shannon Black
  • uploads///part
    Earnings Report

    Could Deere Be Staring at Another Sinkhole This Quarter?

    Deere is the world’s largest manufacturer of tractors and harvesting combines. It’s slated to declare its 3Q16 earnings before markets open on August 19.

    By Shannon Black
  • uploads///rockwell collins analyst ratings
    Earnings Report

    Will B/E Aerospace Deal Affect Rockwell Collins’s PE multiples?

    Among the analysts surveyed by Bloomberg, eight analysts have a “buy” rating and seven have a “hold” rating on Rockwell Collins (COL). There were no “sell” ratings on COL stock.

    By Shannon Black
  • uploads///part
    Company & Industry Overviews

    How the Oil Industry Slump Is Making Times Tough for Deere

    The direct impact of the oil and gas (VDE) slump on Deere & Company is not significant. So why have sales of Deere’s construction equipment fallen?

    By Shannon Black
  • uploads///part
    Earnings Report

    Was Weak Oil the Reason for Lower 1Q16 Margins in Dover Fluids?

    The Fluids segment contributed 24.6% of Dover’s (DOV) total sales and 24.3% of its total segment profits in 1Q16. Dover Fluids sales increased 17%.

    By Shannon Black
  • uploads///part
    Earnings Report

    Analysts Maintain Targets as Dover Downgrades Outlook

    Dover (DOV) management has downgraded its sales guidance, citing weaker fundamentals in the oil and gas markets (USO).

    By Shannon Black
  • uploads///part
    Company & Industry Overviews

    Honeywell Fell 7.5% as Business Update Spooked Investors

    On October 7, Honeywell (HON) stock fell 7.5% to $106.94. This was Honeywell’s biggest one-day drop since August 2011.

    By Shannon Black
  • uploads///fit
    Company & Industry Overviews

    Dover Corporation: Growing by Acquiring

    Since its inception, Dover Corporation (DOV) has followed an acquisition-based growth strategy. The company has acquired over 100 manufacturing companies since 1955, and it currently manages close to 30 independently operating companies under its umbrella.

    By Shannon Black
  • uploads///utx kone china
    Earnings Report

    UTX’s Otis Elevator Beats Out Competition in China

    On September 28, 2016, KONE Corporation stated that it expected its elevator sales in China to fall as much as 10% in 2016. UTX’s stock was essentially unmoved by this revelation.

    By Shannon Black
  • uploads///part
    Company & Industry Overviews

    What You Should Know about Stanley Security’s Business Mix

    The Stanley Security business saw a steady decline in the last four years with sales falling from $2.4 billion in 2012 to ~$2.1 billion in 2015.

    By Shannon Black
  • uploads///caterpillar china
    Earnings Report

    Caterpillar Doubles Its Market Share in China’s Shrinking Market

    In 2012, Caterpillar (CAT) had a market share of 7% in the excavator manufacturing industry. Its share doubled to 14% YTD in 2016.

    By Shannon Black
  • uploads///part
    Company & Industry Overviews

    Dover Refrigeration: Leader of the Pack?

    The Refrigeration and Food Equipment segment contributed 26.4%, 24.8%, and 24.9% of total Dover Corporation (DOV) sales in 2013, 2014, and 2015, respectively.

    By Shannon Black
  • uploads///jacobs engineering trump
    Earnings Report

    Jacobs Engineering Stock Reacted to Trump’s Victory

    After Donald Trump won the US presidential election, Jacobs Engineering (JEC) rose 9% on November 9. For now, the benefits are just speculation.

    By Shannon Black
  • uploads///part
    Company & Industry Overviews

    Dover Refrigeration & Food Equipment: Keeping It Cool

    The Dover Refrigeration & Food Equipment unit is a major provider of refrigerated display cases and kitchen equipment such as cookers, mixers, braising pans, and packaging and processing solutions for the meat and poultry business.

    By Shannon Black
  • uploads///trans part
    Earnings Report

    What Were the Key Drivers behind Transdigm’s Revenue Gains?

    In 3Q16, Transdigm Group’s (TDG) revenues were up 15.4% YoY to $797.7 million—below Wall Street analysts’ consensus estimates of $804.5 million.

    By Shannon Black
  • uploads///part
    Earnings Report

    The Worst Isn’t Over: Inside Deere’s Outlook Downgrades for Fiscal 2016

    Deere downgraded its fiscal 2016 guidance again after cutting it in fiscal 1Q16, citing competitive pressures in construction and forestry equipment.

    By Shannon Black
  • uploads///transdigm private equity
    Earnings Report

    TDG Boosted Its Proprietary Product Revenue with This Acquisition

    TransDigm (TDG) has increased the size of its existing term loan facility by $650 million to facilitate a one-time special dividend of $24 per share.

    By Shannon Black
  • uploads///swk synergy
    Miscellaneous

    What’s the Rationale behind SWK-Newell Deal?

    Stanley Black & Decker’s (SWK) record of harvesting synergies from its acquisitions is among the best.

    By Shannon Black
  • uploads///part
    Earnings Report

    Why Did Dover Stock Fall after 1Q16 Earnings Release?

    Dover (DOV), a diversified industrials (XLI) company, released its 1Q16 earnings before the Market opened on April 21, 2016. The stock reacted negatively to the company’s performance.

    By Shannon Black
  • uploads///part
    Company & Industry Overviews

    Danaher Corporation’s Excess Returns Fail to Impress

    Earlier in this series, we looked at Danaher’s return on invested capital on a standalone basis. However, we were only looking at half the story.

    By Shannon Black
  • uploads///emerson electric analyst ratings
    Earnings Report

    Emerson Electric Expects Weak Market Conditions to Spill into Fiscal 2017

    Emerson Electric’s sales in fiscal 2017 are expected to fall between 1% and 3% on an organic as well as net sales basis.

    By Shannon Black
  • uploads///emerson electric sales
    Earnings Report

    Understanding the Strong and Weak in Emerson Electric’s 4Q Results

    Emerson Electric’s Industrial Automation and Process Management segments saw sales declines of 7% and 11%, respectively, in organic terms.

    By Shannon Black
  • uploads///northrop grumman part
    Earnings Report

    Northrop Faces Fierce Challenge from Lockheed over T-X Contract

    Both Boeing’s (BA) and Northrop Grumman’s (NOC) teams have submitted clean sheet bids to the US Air Force.

    By Shannon Black
  • uploads///part
    Earnings Report

    Acuity Brands’ 4Q16 Earnings Dim the Light on Its Stock

    Acuity Brands declared its 4Q16 earnings before the market opened on October 5. The stock closed at $242.99 that day.

    By Shannon Black
  • uploads///danaher environmental margins
    Company & Industry Overviews

    Danaher’s Environmental Segment Is a Cut above the Rest

    Danaher’s Environmental & Applied Solutions unit was responsible for 25% of the company’s sales in 2015.

    By Shannon Black
  • uploads///part
    Company & Industry Overviews

    Introducing Danaher: A Diversified Healthcare Company

    Danaher is a diversified conglomerate with a market cap of ~$56 billion. Its customers are mostly professionals and organizations rather than retail consumers.

    By Shannon Black
  • uploads///part a
    Company & Industry Overviews

    Can Stanley Black & Decker Capitalize on a Light Capital Structure?

    Stanley Black & Decker’s (SWK) long-term debt was roughly the same as last year at $3.8 billion. 26% of the total long-term debt, or $998 million, will mature by 2020.

    By Shannon Black
  • uploads///swk part
    Miscellaneous

    Revenue Synergies Add to Attractiveness of the SWK-Newell Deal

    The Newell tools (NWL) portfolio is comprised of two brands, Irwin and Lenox.

    By Shannon Black
  • uploads///
    Company & Industry Overviews

    Honeywell Aerospace’s Recent Developments in Connectivity

    In September 2015, Honeywell acquired Aviaso Software, a privately held aviation software company based in Switzerland. Aviaso develops and provides fuel efficiency and emission-saving software to the airline industry.

    By Shannon Black
  • uploads///danaher adjusted earnings per share
    Earnings Report

    Danaher Stock Jumps as EPS Grows 22.5% on Margin Expansion

    Danaher (DHR) reported adjusted EPS of $0.87, which beat consensus estimates by $0.05. In growth terms, the adjusted EPS was 22.5% YoY.

    By Shannon Black
  • uploads///transdigm earnings per share
    Earnings Report

    Key Market Expectations for TransDigm’s Fiscal 4Q16

    Aviation component manufacturer TransDigm Group is scheduled to declare its fiscal 4Q16 earnings on November 10, 2016.

    By Shannon Black
  • uploads///part
    Earnings Report

    Can the Learjet–Textron Cessna Combination Fly Higher?

    Rumors have been flying about the potential sale of Learjet to Cessna Aircraft. Learjet is a light business jet manufacturing unit housed by Bombardier (BDRBF).

    By Shannon Black
  • uploads///part
    Earnings Report

    Why Parker-Hannifin Shares Rose 4.6% on August 4

    Parker-Hannifin (PH), a leading manufacturer of motion and control technologies, declared its 4Q16 earnings on August 3, 2016.

    By Shannon Black
  • uploads///honeywell eps
    Earnings Report

    Honeywell’s Management Seeks to Reassure Investors

    Honeywell (HON) released its 3Q16 earnings on October 21. It provided a business update earlier in the month, but there were a few surprises in the release.

    By Shannon Black
  • uploads///modern specialty
    Company & Industry Overviews

    Understanding Environmental Regulations and Efficiency Trends in Specialty Chemicals

    Greater community awareness toward the degradation of the atmosphere is forcing specialty chemical companies to comply with environmental regulations.

    By Shannon Black
  • uploads///part
    Earnings Report

    Raytheon: A Top Pick to Hedge against Political Risks

    Credit Suisse cited L-3 Communications (LLL), Raytheon (RTN), and General Dynamics (GD) as its picks to hedge against the election cycle.

    By Shannon Black
  • uploads///part a
    Earnings Report

    Why Danaher Is Relatively Immune from Growth Concerns in China

    Organically, Danaher (DGR) has grown at a CAGR of roughly 10% in China over the last five years. Approximately 50% of the company’s revenues in China are derived from its Diagnostics segment.

    By Shannon Black
  • uploads///part a
    Company & Industry Overviews

    What’s Stanley Black & Decker’s Market Position?

    Stanley Black & Decker (SWK) has a stupendous record of launching at least 1,000 products every year at an average of three products a day.

    By Shannon Black
  • uploads///emerson electric earnings per share
    Earnings Report

    Restructuring, Margin Improvements Save the Day for Emerson Electric’s Latest Results

    The consensus estimate for Emerson Electric’s adjusted EPS was $0.89, but the company posted adjusted EPS of $0.96, which is 3.2% higher than in 4Q15.

    By Shannon Black
  • uploads///part
    Earnings Report

    Key Growth Drivers for Acuity Brands in the Medium Term

    Recently, Acuity Brands (AYI) introduced its lighting building automation system—nLight Eclypse—in a bid to increase offerings related to IoT.

    By Shannon Black
  • uploads///part
    Company & Industry Overviews

    How Is Stanley Black & Decker’s Financial Performance Trending?

    Annual revenues for Stanley Black & Decker (SWK) increased from $7.4 billion in 2010 to $11.1 billion in 2015 at a compounded annual growth rate (or CAGR) of 8.5%.

    By Shannon Black
  • uploads///rigs
    Earnings Report

    Dover Corp.: Will Its Energy Segment Misery End Earlier than Expected?

    Among its major customers, Dover Corporation derives ~3.7% of its annual revenues from its business with Chevron (CVX), which had reduced its upstream capex by 16% in 2015.

    By Shannon Black
  • uploads///part a
    Company & Industry Overviews

    Honeywell’s Moving Parts Consume Management Attention

    Although David Cote, the company CEO, eased concerns on management capacity, Honeywell (HON) does seem to have encountered a lot of organizational challenges in a short amount of time.

    By Shannon Black
  • uploads///part
    Earnings Report

    What Were United Technologies’ Positive Developments in 2Q16?

    United Technologies (UTX) benefitted from trends supporting aftermarket sales in the aerospace (ITA) sector.

    By Shannon Black
  • uploads///part
    Basic Materials

    Why HON Split Automation and Control Solutions into 2 Parts

    The Honeywell (HON) Automation and Control Solutions unit is a $14.1 billion enterprise and houses five different businesses serving different end markets.

    By Shannon Black
  • uploads///part
    Earnings Report

    Leases Drive Up Credit Losses in Deere’s Financial Unit

    Deere & Company’s (DE) financial services (IYF) unit represented 10.2% of revenues in 3Q16, which is comparable to levels of 10.4% in 3Q15.

    By Shannon Black
  • uploads///part
    Company & Industry Overviews

    A Brief Overview of Honeywell Automation and Control Solutions

    Honeywell (HON) provides control solutions for various residential and industrial applications through the Honeywell Automation and Control Solutions–ACS unit.

    By Shannon Black
  • uploads///part
    Company & Industry Overviews

    Dover Fluids: A Brief Overview

    Dover Corporation’s (DOV) Fluids businesses include the Pump Solutions Group (or PSG), which provides pumping solutions to several end markets.

    By Shannon Black
  • uploads///part
    Company & Industry Overviews

    Has Emerson Ever Returned Excess Returns over Cost of Capital?

    Emerson’s excess returns have varied from 3.3%–10.3% in the 15-year period of 2000–2015. The average excess return from 2011–2015 is 5.4%.

    By Shannon Black
  • uploads///part
    Company & Industry Overviews

    Understanding Dover’s Cash Flow Performance Over Time

    Dover Corporation’s earnings undergo significant swings in changing business cycles. The company’s total sales fell by 10.3% to $7 billion in 2015, mostly due to steep organic declines in the energy segment.

    By Shannon Black
  • uploads///part
    Earnings Report

    Market Expectations from Rockwell Collins in Its 3Q16 Earnings

    Rockwell Collins (COL), which makes avionics for commercial and military aircraft, is scheduled to declare its 3Q16 earnings on July 25. The consensus analyst estimate COL’s adjusted EPS to rise by 19% on a year-over-year basis to $1.58.

    By Shannon Black
  • uploads///part
    Company & Industry Overviews

    What Are Stanley Black & Decker’s Business Segments?

    Stanley Black & Decker (SWK) markets its products through three business segments: Global Tools & Storage, Security, and Industrials.

    By Shannon Black
  • uploads///raytheon part
    Earnings Report

    Will Raytheon Fall Due to Its Disagreements with Leonardo?

    There have been speculations about Raytheon’s disagreements with Leonardo over workshare agreements. The disagreements could unnerve its partners.

    By Shannon Black
  • uploads///raytheon adjusted earnings per share
    Earnings Report

    Analysts Expect Raytheon to Beat Its 3Q16 Earnings Guidance

    Raytheon will release its 3Q16 earnings on October 27. The consensus forecast is for Raytheon to post an adjusted EPS of $1.66—12.9% growth YoY.

    By Shannon Black
  • uploads///raytheon
    Earnings Report

    Why Is Raytheon’s Reliance on the Army a Concern?

    Raytheon is protected from US government spending due to its high international exposure. However, its Army exposure is a source of risk.

    By Shannon Black
  • uploads///part
    Earnings Report

    Emerson Electric Looks Cheap after Its 3Q16 Results

    Emerson Electric (EMR) released its fiscal 3Q16 earnings after the Market opened on August 2, 2016. It resulted in a negative price action of 4.9%.

    By Shannon Black
  • uploads///part
    Company & Industry Overviews

    Why Stanley Security Changed Gears

    Profit margins in Stanley Security increased from 10.2% in 2013 to 11.4% in 2015.

    By Shannon Black
  • uploads///part
    Earnings Report

    Forex Headwinds, Divestitures Dampen Emerson’s Guidance

    Emerson Electric’s (EMR) trailing three-month (or TTM3) orders in June declined 4.4% on an organic basis. Much of the decline was led by the Process Management segment.

    By Shannon Black
  • uploads///part
    Earnings Report

    Emerson Electric Finds Buyers for Its Underperforming Businesses

    Hours before its 3Q16 earnings release, Emerson Electric (EMR) announced that it has found buyers for its Network Power and Industrial Motors businesses.

    By Shannon Black
  • uploads///lockheed martin returns
    Earnings Report

    Lockheed Martin Ensures Dividend Hike for 14th Straight Year

    Lockheed Martin (LMT) increased its ownership interest in the AWE venture by 18% to 51% on August 24.

    By Shannon Black
  • uploads///utx kone china
    Earnings Report

    United Technologies Falls Short with Pratt & Whitney Deliveries

    United Technologies (UTX) earlier maintained that Pratt & Whitney was scheduled to deliver 200 geared turbofan (or GTF) engines in 2016.

    By Shannon Black
  • uploads///part
    Earnings Report

    Helicopter Woes Could Have Hit Lockheed Martin’s Sikorsky Unit in 3Q16

    Troubles in the helicopter manufacturing industry are another example of how the downturn in the oil industry has had a domino effect across sectors.

    By Shannon Black
  • uploads///part
    Earnings Report

    Danaher to Declare Its First Earnings after Fortive Separation

    Danaher Corporation (DHR), which became a diversified healthcare company after its restructuring actions, is slated to declare its 3Q16 earnings on October 20. The consensus Wall Street estimate is for Danaher to post adjusted EPS of $0.83 on sales of ~$4.1 billion.

    By Shannon Black
  • uploads///part
    Company & Industry Overviews

    Dover Energy: A Slippery Slope

    Although it didn’t fall as steeply as oil prices did, Dover’s (DOV) stock has dropped over 30% from its highs in September 2014.

    By Shannon Black
  • uploads///jacobs engineering guidance
    Earnings Report

    How Does Jacobs Engineering Look for Fiscal 2017?

    In the 4Q16 earnings call, Jacobs Engineering provided its initial guidance for the adjusted EPS and a brief overview of the prevailing market conditions.

    By Shannon Black
  • uploads///part
    Company & Industry Overviews

    Why Farm Income Is the Biggest Indicator of Deere’s Performance

    According to U.S. Department of Agriculture figures, net farm incomes in the United States rose from $76 billion in 2010 to $115.3 billion in 2013.

    By Shannon Black
  • uploads///part
    Earnings Report

    Analysts Maintain Bullish Stance on Textron despite Poor Returns

    According to Bloomberg, eight analysts have given Textron (TXT) “buy” recommendations, three have rated it a “hold,” and one has given it a “sell.”

    By Shannon Black
  • uploads///trans part
    Earnings Report

    Transdigm Buys DDC, Its Second-Largest Deal Ever

    On May 24, Transdigm announced that it signed a definitive agreement to acquire DDC from Behrman Capital for a purchase price of $1 billion in cash.

    By Shannon Black
  • uploads///donaldson part
    Earnings Report

    Donaldson’s Key Takeaways: Robert Baird Industrial Conference

    During the Robert Baird Industrial Conference held on November 8 in Chicago, Donaldson (DCI) noted that it intends to add 1%–2% annual growth through acquisitions.

    By Shannon Black
  • uploads///deere restructuring
    Earnings Report

    How Deere Expects to Achieve $500 Million Restructuring Benefit

    In its 3Q16 earnings call, Deere (DE) talked about its plan to increase pre-tax profits by $500.0 million by 2018 through structural cost reductions.

    By Shannon Black
  • uploads///deere credit los
    Earnings Report

    Deere’s Financial Unit Continues to Bleed from Used Equipment

    Deere (DE) Financial Services represented 11.5% of the company’s revenues in 4Q16, which is higher than 9.7% in 4Q15.

    By Shannon Black
  • uploads///jacobs engineering analyst ratings
    Earnings Report

    Jacobs Engineering Has Been a Super Stock in 2016

    Among the ratings listed in Thomson Reuters, ten analysts have a “hold” rating on Jacobs Engineering, five have a “buy” rating, and two have a “sell” rating.

    By Shannon Black
  • uploads///jacobs engineering pbacklog
    Earnings Report

    Analyzing JEC’s Backlog Position and Restructuring Actions

    Jacobs Engineering’s backlog position rose by $440 million sequentially to $18.8 billion in 4Q16. It’s just 2% shy of the previous record of $19.1 billion.

    By Shannon Black
  • uploads///jacobs engineering presentation
    Earnings Report

    Jacobs Engineering Posts the Highest Annual Free Cash Flows

    Jacobs Engineering Group declared its 4Q16 and fiscal 2016 results on November 22. It reported adjusted EPS (earnings per share) of $0.77.

    By Shannon Black
  • uploads///deere construction retail
    Earnings Report

    Deere’s Construction Equipment Retail Sales Improved in September

    Monthly retail figures for construction equipment sales released by Deere & Company and Caterpillar show a continued fall, despite the upturn in construction in 2016.

    By Shannon Black
  • uploads///transdigm earnings q
    Earnings Report

    What’s TransDigm’s Capital Allocation Strategy?

    During its earnings call, TransDigm (TDG) outlined and ranked four priorities for its capital allocation strategy.

    By Shannon Black
  • uploads///transdigm outlook q
    Earnings Report

    TransDigm Stock Dips on Weak Fiscal 2017 Guidance

    TransDigm’s adjusted earnings per share rose 10.8% year-over-year to $2.77 and beat estimates by $0.09 in fiscal 4Q16.

    By Shannon Black
  • uploads///deere ag economy barometer
    Earnings Report

    Producer Pessimism on 2017 Agriculture Prospects Rose in October

    Purdue University’s agriculture economy barometer measures producer sentiment and the health of the agriculture economy based on a monthly survey of 400 US producers.

    By Shannon Black
  • uploads///part
    Earnings Report

    What Does the Market Expect from Deere’s Fiscal 4Q16 Earnings?

    Deere & Company, the world’s largest manufacturer of tractors and harvesting combines, is scheduled to declare its earnings for fiscal 4Q16 on November 23, 2016.

    By Shannon Black
  • uploads///rockwell automation guidance
    Earnings Report

    After 3 Years, Rockwell Could See Sales Growth in Fiscal 2017

    Rockwell Automation maintains that oil prices have recovered since the beginning of 2016, and most of its business in the heavy industries end market is expected to stabilize.

    By Shannon Black
  • uploads///rockwell automation analyst ratings
    Earnings Report

    Compared to Its Peers, Rockwell Automation’s Returns Are Stellar

    Among the analysts surveyed by Bloomberg, three rated Rockwell Automation (ROK) as a “buy,” 15 rated it as a “hold,” and five rated it as a “sell.”

    By Shannon Black
  • uploads///rockwell automation sales
    Earnings Report

    Rockwell’s Sales Record Falls on Lower Heavy Industries Sales

    Rockwell Automation’s (ROK) sales in fiscal 4Q16 fell 4.3% to $1.5 billion, led by an organic fall of 4% and a 70-basis-point impact of currency translations.

    By Shannon Black
  • uploads///donald trump defense
    Miscellaneous

    Defense Sector Stocks Achieve Liftoff from Trump’s Victory

    Because Republicans retained control of both legislative houses, investors expected that defense budgets would be easier to pass.

    By Shannon Black
  • uploads///rockwell automation earnings
    Earnings Report

    Rockwell Automation Ended Fiscal 2016 on a High Note

    Rockwell Automation (ROK), one of the world’s largest industrial automation companies, declared its fiscal 4Q16 results on November 7, 2016.

    By Shannon Black
  • uploads///huntington cambr acquisition
    Earnings Report

    Strategic Rationale behind Huntington’s Camber Acquisition

    On November 2, Huntington (HII) announced that it signed a definitive agreement to acquire Camber Corporation for $380 million.

    By Shannon Black
  • uploads///northrop grumman part a
    Earnings Report

    Elections up the Ante in Choosing Best Defense Stock Investment

    With the US presidential elections upon us in a few weeks, investors may be looking for a cover that protects their portfolio from political risks.

    By Shannon Black
  • uploads///northrop grumman sales
    Earnings Report

    Northrop Grumman’s Guidance Takes Flight on Better Sales, Margins

    According to Northrop Grumman (NOC), it has completed its negotiations for Lot 9 and Lot 10 F-35s with Lockheed Martin (LMT).

    By Shannon Black
  • uploads///northrop grumman earnings
    Earnings Report

    Northrop Grumman Stock Jumps as Earnings Crush Estimates

    Leading defense contractor (PPA) Northrop Grumman (NOC) declared its 3Q16 earnings on October 26, 2016. The company’s earnings per share rose 22%.

    By Shannon Black
  • uploads///rockwell collins revenue synergies
    Miscellaneous

    Revenue Synergies in the Rockwell Collins–B/E Aerospace Deal

    Rockwell Collins (COL) has a network of ~300 dealers in the business aviation (PPA) channel while B/E Aerospace has none.

    By Shannon Black
  • uploads///rockwell collins cost synergies
    Miscellaneous

    Cost Synergies from the Rockwell Collins–B/E Aerospace Deal

    Rockwell Collins (COL) and B/E Aerospace (BEAV) generated ~$5.3 billion and ~$2.9 billion in revenues, respectively, in the 12-month period ended September 30, 2016.

    By Shannon Black
  • uploads///rockwell collins transaction summary
    Miscellaneous

    The Strategic Rationale behind the Rockwell Collins–B/E Aerospace Deal

    There is little overlap between the product portfolios of Rockwell Collins (COL) and B/E Aerospace (BEAV). Rockwell Collins manufactures high-value avionics and electronic components, and B/E Aerospace supplies interior aircraft products.

    By Shannon Black
  • uploads///rockwell collins transaction summary
    Miscellaneous

    Rockwell Collins Acquires B/E Aerospace in a Deal-Making Weekend

    On October 23, Rockwell Collins (COL) announced that it intends to acquire B/E Aerospace (BEAV) for a total consideration of $8.3 billion. Within Rockwell Collins, B/E Aerospace will operate as its new Aircraft Interior Systems segment.

    By Shannon Black
  • uploads///danaher phenomenex
    Earnings Report

    With Phenomenex, Danaher Has an Attractive Consumables Asset

    On October 12, Danaher announced its an agreement to acquire Phenomenex, a privately held manufacturer of separation and purification consumables.

    By Shannon Black
  • uploads///honeywell oem
    Earnings Report

    Rwanda HFC Agreement Is a Good Deal for Honeywell

    On October 15, 190 countries signed an international agreement in Rwanda to phase out HFCs (hydrofluorocarbons) over the next 30 years.

    By Shannon Black
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