On 9 JUNE 3M Co (NYSE:MMM) announced that Nicholas C. Gangestad has been appointed senior vice president and chief financial officer, effective immediately. Nick replaces David W. Meline, who is leaving to become chief financial officer with another large publicly traded company. 3M Co (NYSE:MMM) net profit margin is 15.20% and weekly performance is 1.17%. On last trading day company shares ended up $145.41. Analysts mean target price for the company is $146.53. 3M Co (NYSE:MMM) distance from 50-day simple moving average (SMA50) is 2.66%.
On 20 JUNE AMETEK, Inc. (NYSE:AME) announced that it has completed its acquisition of Zygo Corporation (NASDAQ: ZIGO) for $19.25 per share in cash per fully diluted common share, or approximately $280 million net of cash acquired. The completion of the transaction follows approval from Zygo shareholders and the receipt of all regulatory approvals. AMETEK, Inc. (NYSE:AME) shares advanced 1.10% in last trading session and ended the day on $53.14. AME Gross Margin is 35.60% and its return on assets is 9.40%. AMETEK, Inc. (NYSE:AME) quarterly performance is 1.03%.
On 1 JULY Flowserve Corp (NYSE:FLS) reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.03. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company posted $2.01 earnings per share. The company’s quarterly revenue was down 2.6% on a year-over-year basis. On average, analysts predict that Flowserve Corp will post $3.91 earnings per share for the current fiscal year. Flowserve Corp (NYSE:FLS) shares moved up 0.84% in last trading session and was closed at $75.52, while trading in range of $74.96 – $75.86. Flowserve Corp (NYSE:FLS) year to date (YTD) performance is -3.80%.
On 19 JUNE Danaher Corporation (NYSE:DHR) said that Danaher Corporation (NYSE:DHR) investors are antsy for the industrial conglomerate to make a big acquisition. Danaher Corporation (NYSE:DHR) ended the last trading day at $79.45. Company weekly volatility is calculated as 0.87% and price to cash ratio as 16.61. Danaher Corporation (NYSE:DHR) showed a positive weekly performance of 0.44%.
On 1 JULY SPX Corporation (NYSE:SPW) announced that its Flow Food and Beverage business has been awarded a contract valued at US$18 million / AUD$19 million from GrainCorp Foods. SPX Corporation (NYSE:SPW) net profit margin is 11.30% and weekly performance is 4.00%. On last trading day company shares ended up $111.22. Analysts mean target price for the company is $112.00. SPX Corporation (NYSE:SPW) distance from 50-day simple moving average (SMA50) is 6.20%.