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December 12, 2012
11:14 EDTDCI, BPDonaldson names Sheila C. Peyraud as VP, Chief Technology Officer
Donaldson Company (DCI), announced that it has appointed Sheila C. Peyraud as VP and Chief Technology Officer, effective December 17. Peyraud is replacing Debra Wilfong, who resigned for a senior position with British Petroleum (BP).
News For DCI;BP From The Last 14 Days
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May 29, 2015
14:02 EDTDCIDonaldson raises quarterly dividend, increases share repurchase plan
Donaldson’s Board of Directors declared a quarterly cash dividend of 17c per share, an increase of 3% from the previous quarterly cash dividend of 16.5c. The dividend is payable July 2 to shareholders of record as of June 16. The current declaration is the 239th consecutive quarterly cash dividend paid by the company over a time span of 59 years. Concurrent with the increase to its quarterly dividend, Donaldson is also increasing the top-end of its targeted payout ratio to 45% from 40%. The company now expects its long-term dividend payout will be between 35 percent and 45 percent of the average of its three-year trailing earnings per share. Additionally, Donaldson’s Board of Directors authorized the repurchase of up to 14M shares of its common stock, or approximately 10% of its outstanding shares. The new repurchase authorization replaces the existing authority that was approved in September 2013. Through the third quarter of fiscal 2015, the company has repurchased approximately 11.6M shares under the prior authorization of 15M shares. Over the past 25 years, Donaldson has, on average, reduced its outstanding shares by approximately 2.1% annually.
07:54 EDTDCIDonaldson management to meet with BB&T
Meeting to be held in New York on June 3 hosted by BB&T.
May 27, 2015
10:14 EDTBPAnalyst says China trend good for oil equities
China's demand for oil has been stronger than expected and the trend should be positive for oil companies' stocks, research firm Bernstein wrote in a note to investors today. WHAT'S NEW: Chinese oil imports reached a record high in April, rising 9% versus the same period a year earlier, Bernstein analyst Neil Beveridge reported. The imports have exceeded expectations and have been boosted by high gasoline demand, according to the analyst. The high gasoline demand in China, in turn, has been driven by a 50% year-over-year increase in the sales of SUVs, according to Beveridge. Analysts will respond to this trend by increasing their global oil demand estimates, he predicted. Oil prices are likely to rise in the near-term, providing a tailwind for oil equities, according to Beveridge, who identified InterOil (IOC) and China's CNOOC (CEO) as two of his favorite names in the Asian region. Other publicly traded companies in the oil space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). WHAT'S NOTABLE: Jaguar Land Rover, owned by India's Tata Motors (TTM), is launching its Range Rover Evoque SUV in China this fiscal year, but is having trouble ramping up production of the vehicle, Forbes reported last week. PRICE ACTION: in early trading, CNOOC was flat at $162.50 and InterOil slipped fractionally to $46.58.
May 22, 2015
09:57 EDTBPOn The Fly: Analyst Upgrade Summary
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07:00 EDTBPBP upgraded to Neutral on reduced Russia risk at JPMorgan
JPMorgan upgraded BP (BP) to Neutral citing less risk in Russia and a pathway to cash flow neutrality in 2017. JPMorgan this morning also upgraded Total (TOT) to Overweight and Eni SpA (E) to Neutral.
05:32 EDTBPBP upgraded to Neutral from Underweight at JPMorgan
May 21, 2015
10:24 EDTDCIDonaldson sees Q4 adjusted EPS 38c-44c, consensus 43c
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07:25 EDTBPUBS to hold a conference
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07:07 EDTDCIDonaldson backs FY15 EPS view $1.53-$1.59, consensus $1.56
Backs FY15 revenue view of approximately $2.35B, consensus $2.37B.
07:06 EDTDCIDonaldson reports Q3 adjusted EPS 36c, consensus 35c
Reports Q3 revenue $568.0M, consensus $569.24M.
May 20, 2015
17:04 EDTBPBP to pay Transocean $125M in compensation for legal fees
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17:03 EDTBPTransocean reaches settlement agreements with BP, PSC
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15:01 EDTBPHalliburton reaches agreement with BP to resolve remaining issues
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15:00 EDTDCINotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Dollar Tree (DLTR), consensus 75c... Best Buy (BBY), consensus 29c... Advance Auto Parts (AAP), consensus $2.48... Patterson Companies (PDCO), consensus 65c... Donaldson Company (DCI), consensus 35c... Booz Allen Hamilton Holding (BAH), consensus 33c... The Buckle (BKE), consensus 78c... Monro Muffler Brake (MNRO), consensus 39c... Brady Corp. (BRC), consensus 37c... Trina Solar (TSL), consensus 9c... Quality Systems (QSII), consensus 15c... Kirkland's (KIRK), consensus 11c... Bon-Ton Stores (BONT), consensus ($1.56).
May 18, 2015
10:01 EDTBPOn The Fly: Analyst Downgrade Summary
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08:12 EDTBPBP downgraded to Sell from Neutral at Goldman
Goldman downgraded BP to Sell based on limited upstream growth, a slowdown in asset disposals, and ongoing overhang from Macondo.

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