Colfax Corp (NYSE:CFX) revenue increased 14% driven by solid organic growth and contribution from acquisitions. However, currency translation played a spoil sport and pulled down growth by 2.7%. Gas and Fluid Handling and Fabrication Technology segments reported 10% and 3% revenue growth respectively. Backlogs were strong at $1.6 billion, while orders grew 5.3%. Adjusted operating margin expanded 190 basis points to 10.6%. For 2014, management anticipates organic revenue growth in the range of 1-3% and earnings per share are anticipated within the $2.40 $2.65 range. The acquisition of CKD Kompresory a.s. and Global Infrastructure and Industry business will strengthen the company’s Howden line of business while Victor Technologies will support ESAB business. We currently maintain a Neutral recommendation on Colfax. Colfax Corp (NYSE:CFX) stock opened at $69.34 in last session, and closed at $68.23, while the day range of CFX stock is $68.00-69.50. The stock showed a positive weekly performance of 6.00%.
THT Heat Transfer Technology Inc (NASDAQ:THTI) stock opened at $0.97, in last session and closed at $1.01, by gaining 9.78%.The 52 week range of $0.97-1.14.Company’s market capitalization is $20.66 million. THT Heat Transfer Technology Inc (NASDAQ:THTI) is engaged in the manufacturing and trading of plate heat exchangers and various related products. Through its China-based subsidiary, Siping City Juyuan Hanyang Plate Heat Exchanger Co. Ltd., the Company designs, manufactures and sells plate heat exchangers, shell-and-tube heat exchangers, heat exchanger units, other heat exchanger products, and provide total heat exchange solutions. Its other product includes air-cooled heat exchanger.
RBC Bearings (NASDAQ:ROLL) was upgraded by Bank of America from a “neutral” rating to a “buy” rating in a research note issued on Wednesday. The firm currently has a $75.00 target price on the stock, up from their previous target price of $70.00. Bank of America’s price objective suggests a potential upside of 17.57% from the company’s current price. RBC Bearings Incorporated (NASDAQ:ROLL) stock losing -1.27% and finished the last session at $62.98. The EPS of the stock remained 2.27.Company’s market capitalization is $1.46 billion.
NF Energy Saving Corp (NASDAQ:NFEC) terminated two export contracts derived from South Korea customers because of their low profit margins due to the fluctuations in the market and the Company also terminated other contracts with lower profit margins in order to improve the financial condition of the Company. The Company increased sales of its large diameter electric butterfly product, which have a higher profit margin than the Company’s other products. NF Energy Saving Corp (NASDAQ:NFEC) stock opened the session at $1.58, and closed the session at $1.56. The 52 week range of the NFEC stock remained $O.47-2.88 and the day range was $1.56-1.80.
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