|Bid||353.30 x 0|
|Ask||353.40 x 0|
|Day's Range||351.70 - 357.00|
|52 Week Range||289.40 - 383.70|
|PE Ratio (TTM)||25.91|
|Forward Dividend & Yield||0.70 (1.81%)|
|1y Target Est||377.15|
Atlas Copco (ATCOa.ST) on Friday missed fourth quarter profit forecasts and forecast stable demand this quarter, knocking shares in the Swedish engineering company. The maker of compressors and underground mining equipment said operating profit rose to 6.23 billion Swedish crowns ($791 million) from 5.79 billion, falling short of the 6.51 billion expected by analysts in a Reuters poll. Orders in the fourth quarter were up 14 percent year on year on an organic basis at 30.4 billion crowns, in line with the 30.3 billion forecast by analysts.
Kaman Corporation's (KAMN) aerospace segment receives contract modification for providing Joint Programmable Fuzes (JPF) of more than $17 million to the U.S. Air Force.
Atlas Copco's (ATLKY) Hy-Performance Fluid buyout will boost its product line in the mining and infrastructure markets. It will be integrated with the Mining and Rock Excavation Technique business.
Dover (DOV) acquires German company, Ettlinger, to fortify presence in the plastics and polymers processing equipment industry.
DXP Enterprises' (DXPE) Application Specialties buyout will boost its metal working business. Expansion of product offerings and easy penetration in the U.S. Pacific Northwest market are positives.
Atlas Copco AB is embarking on its biggest transformation since World War II after a doubling of the Swedish manufacturer’s market value to 431 billion kronor ($51 billion) in four years.
Ericsson (ERICb.ST) has picked the former boss of high-flying mining gear maker Atlas Copco as its new chairman, boosting hopes of a recovery at the Swedish mobile equipment company. Shares in Ericsson rose as much as 2.2 percent on Monday after it said Ronnie Leten would succeed Leif Johansson as chairman, pending a shareholder vote planned for March 28. Investors said Leten, under whose leadership Atlas Copco (ATCOa.ST) shares rose twice as much as the European industrial sector index, was a good choice, despite a lack of experience in the telecoms sector.
Sensors linked to robotic equipment in Boliden’s Garpenberg zinc mine – which has been in operation since the 13th century - feed data to operators above ground as screens blink and flash in a nearby control room. Boliden is at the forefront of a global transformation in which mining companies are exploiting huge amounts of data being crunched by computers to dramatically boost productivity and cut costs. The advances at Garpenberg, however, have only scratched the surface in exploiting the new technology.
Atlas Copco AB (ATLKY) is poised to gain from its healthy end-market demand from its products and services and synergistic benefits from acquired assets.
Atlas Copco (ATLKY) could be good choice for investors as it is seeing decent short-term momentum and positive earnings estimate revisions.