Banking & Finance
Valuations soar as M&A competition heats up
Competition is fierce and conditions remain ideal, so valuations are on the upswing in the Milwaukee area, according to local experts.
First Business reports strong quarter
First Business Financial Services Inc., the Madison-based parent company of First Business Bank-Milwaukee, reported first quarter net income of $3.3 million, or 84 cents per share, up from $3.2 million, or 83 cents per share, in the first quarter of 2013.
Strattec up on increased auto production
Glendale-based Strattec Security Corp. today reported fiscal third quarter net income of $4.2 million, or $1 per share, up sharply from $1.4 million, or 32 cents per share, in the third quarter of 2013.
Briggs sees moderate earnings increase with cold spring
Wauwatosa-based Briggs & Stratton Corp. announced fiscal third quarter net income of $39.1 million, or 82 cents per share, up from $38.5 million, or 78 cents per share, in the third quarter of 2013.
Mining still dragging on Caterpillar
Caterpillar Inc. today reported first quarter net income of $933 million, or $1.44 per share, up from $880 million, or $1.31 per share, in the first quarter of 2013.
Johnson Controls gets automotive experience boost
Glendale-based Johnson Controls Inc. today reported second quarter net income of $291 million, or 39 cents per share, up significantly from $193 million, or 24 cents per share, in the second quarter of 2013.
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Public accounting firms merge
Brookfield-based Sitzberger Widmann & Company S.C. and Milwaukee-based Hau & Associates have merged their public accounting firms.
Analysts upgrade Badger Meter stock rating
Brown Deer-based Badger Meter Inc.’s stock has been upgraded by investment analysts at Robert W. Baird & Co. Inc. from a “neutral” rating to an “outperform” rating.
Baird has a new $57 per share price objective for Badger Meter’s stock, up from a previous price objective of $54.
Baird has a new $57 per share price objective for Badger Meter’s stock, up from a previous price objective of $54.
Laning to lead Baker Tilly Investment Advisors
Bruce Laning has been named president of Madison-based investment advisory firm Baker Tilly Investment Advisors LP. He will work out of the Milwaukee office.
Milwaukee investment group buys Fontarome out of receivership
Milwaukee-based private investment group SFM Investments LLC has acquired the assets of St. Francis-based Fontarome Chemical Inc. and its wholly owned French subsidiary FCI SAS out of chapter 128 receivership.