8 Industrial Equipment Stocks to Watch

NEW YORK (TheStreet) - Trimas (TRS), The Toro Company (TTC), TTM Technologies (TTMI) and John Bean Technologies (JBT) are among a few industrial equipment stocks that have either reported strong quarterly results with a positive outlook or are expected to do so, according to analysts' polled by Bloomberg. Moreover, none of these stocks have sell ratings.

These stocks are stacked based on their potential upsides, great to greatest.

8. Trimas ( TRS) is a manufacturer and distributor of products for the commercial, industrial and consumer markets. The company operates through five business segments: packaging, energy, aerospace and defense, engineered components and cequent. The company is scheduled to report its first quarter 2011 results on Thursday.

For first quarter of 2011, total revenue is forecast to increase 11.4% to $245 million from $220 million in the year-ago quarter. Net income is estimated to surge to $10.8 million, or 30 cents per share, from $5.4 million, or 16 cents per share reported in the first quarter of 2010. The company recently announced preliminary results for the first quarter. It expects revenue to increase 22% to 23% to $268 million to $271 million, while earnings are expected to range between 32 cents to 35 cents per share, up from 17 cents in the year-ago quarter.

Furthermore, the company foresees year-over-year sales and earnings growth in 2011, although growth rates on a year-over-year basis for the remainder of 2011 are not expected to be as high as those witnessed in the first quarter of 2011, given the strong performance experienced during the last three quarters of 2010.

Of the six analysts covering the stock, 67% recommend a buy, while the remaining rate a hold. There are no sell ratings on the stock. On average, analysts estimate 4.4% upside to $25.60 in value from current levels. The stock has already gained a whopping 173.1% during the past one year.

7. AptarGroup ( ATR) supplies a range of dispensing systems for the personal care, fragrance/cosmetic, pharmaceutical, household, and food and beverage markets.

During the first quarter of 2011, the company's revenue soared 14% to $576.5 million from $505.5 million in the same quarter of 2010, driven by strong top line growth across segments. As a result, net income increased 14% to $44.5 million or 64 cents per share from $39 million or 56 cents per share. Earnings were consistent with analysts' estimate.

The company recently declared a quarterly cash dividend of 18 cents per share payable on May 18 to stockholders of record as of Apr. 27. Looking forward to the second quarter, the company anticipates sales and earnings improvement over the prior year's exceptionally strong results, driven by a continuation of the momentum from the first quarter as well as new projects. Earnings are estimated at 72 cents to 77 cents per share compared to 67 cents reported in the prior year quarter.

Of the seven analysts covering the stock, 43% recommend a buy, while the remaining rate a hold. There are no sell ratings on the stock. On average, analysts estimate 5.6% upside to $54 in value from current levels. The stock has already gained 19% during the past one year and currently trades at a P/E of 19.8

6. The Toro Company ( TTC) designs, manufactures and markets professional turf maintenance equipment and services, turf and agricultural micro-irrigation systems, landscaping equipment, and residential yard and snow removal products. It operates in three segments: professional, residential and distribution.

For first quarter 2011, the company reported net earnings of $17.3 million, or 53 cents per share, on net sales of $383.2 million, compared to net earnings of $10.9 million, or 32 cents per share, on net sales of $331.4 million in the year ago period. Strong performance across segments prompted growth.

The company recently paid a regular quarterly cash dividend of 20 cents per share. Going forward, the company expects 2011 net earnings at $3.40 per share on a revenue increase of about 7%. For second quarter 2011, the company expects to report net earnings of about $1.58 per share.

Of the five analysts covering the stock, 40% recommend a buy and the remaining rate a hold. There are no sell ratings on the stock. On average, analysts estimate a 6.9% upside to $71 in value from current levels. The stock has gained 18% during the past one year.

5. Met-Pro ( MPR) manufactures and sells product recovery and pollution control equipment for purification of air and liquids, fluid handling equipment for corrosive, abrasive and high-temperature liquids, and filtration and purification products.

For fourth quarter 2011, net revenue was $23.8 million, up 20% from $19.8 million in the year-ago quarter. Gross margin stood at 36.4%, growing 320 basis points year over year, while operating margin increased 130 basis points to 10%. Subsequently, net income rose to $1.8 million, or 12 cents per share, from $1.3 million or 9 cents per share. New order bookings for the fourth quarter were up 15% year-over-year to $20.7 million.

Full year 2011 revenue increased 10.9% to $88.9 million, largely driven by the performance of its product recovery/pollution control technologies and fluid handling technologies segments. Net income surged 38.3% to $6.1 million, or 42 cents per share, compared to $4.4 million, or 30 cents per share, in 2010. At the end of fiscal year 2011, the company had a strong cash balance of $32.4 million, up 6% year over year.

The company recently declared a quarterly dividend of $0.066 per share payable on June 15, 2011 to shareholders of record at the close of business on June 1, 2011.

Of the five analysts covering the stock, 60% recommend a buy and the remaining rate a hold. There are no sell ratings on the stock. On average, analysts estimate 12.7% upside to $13 in value from current levels. The stock has gained 13% during the past one year.

4. EnerSys ( ENS) is a manufacturer, marketer and distributor of industrial batteries. In addition, it also engages in the manufacture, marketing and distribution of related products such as chargers, power equipment and battery accessories, and provides related after-market and customer-support services for industrial batteries.

During the third quarter ended Jan. 2011, revenue increased 20.7% to $508.6 million from $421.3 million as a result of an 18% increase in organic volume, 3% from acquisitions, and 3% due to pricing, partially offset by a 3% decrease due to foreign currency translation. Net income surged to $33.7 million, or 67 cents per share, from $23.2 million or 47 cents per share.

The company recently purchased battery manufacturing assets from Ergon Batteries, a Greece-registered company. The acquisition enables the company to expand its entire product offering in Greece and provide better support to its existing local customers.

Going forward, the company expects fourth-quarter adjusted earnings per share between 68 and 72 cents, excluding an expected charge of 5 cents from its ongoing restructuring programs and acquisition expenses.

Of the 13 analysts covering the stock, 69% recommend a buy, while the remaining rate a hold. There are no sell ratings on the stock. On average, analysts estimate 18% upside to $43.17 in value from current levels. The stock has accumulated 36% during the past one year and is currently trading at a P/E of 16.5

3. TTM Technologies ( TTMI) is a provider of printed circuit boards (PCBs) and backplane assemblies, which serve as the foundation of electronic products. The company serves the commercial and aerospace/defense markets, including the networking/communications infrastructure, computing, defense, and industrial/medical markets.

For first quarter of 2011, total revenue is estimated to more than double to $350.5 million from $138.2 million in the year-ago quarter, according to analysts polled by Bloomberg. Gross margins are expected to increase 389 basis points to 23.4% from 19.5% in the comparable quarter of last year. Net income is seen multiplying to $32 million, or 41 cents per share, from $4.5 million, or 10 cents per share, reported in the first quarter of 2010.

Of the six analysts covering the stock, 67% recommend a buy, while the remaining rate a hold. There are no sell ratings on the stock. On average, analysts estimate 20% upside to $22.60 in value from current levels. The stock has accumulated 81% during the past one year and is currently trading at a P/E of 17.

2. John Bean Technologies ( JBT) is a global technology solutions provider for the food processing and air transportation industries. The company designs, manufactures, tests, and services systems and products, through the JBT FoodTech and JBT AeroTech segments.

For the first quarter of 2011, total revenue is forecast to increase 4.4% to $176.5 million from $169 million in the year-ago quarter. Net income is seen at $3.4 million, or 13 cents per share, compared to $4 million, or 14 cents per share, reported in the first quarter of 2010.

The company recently secured service contracts worth $7 million from the U.S. Air Force to support its fleet of Halvorsen 25K Loaders. The contracts continue through March 2012.

Of the five analysts covering the stock, 80% recommend a buy, while the remaining rate a hold. There are no sell ratings on the stock. On average, analysts estimate 21.4% upside to $23.50 in value from current levels. TheStreet Ratings recently upgraded the stock to buy from hold.

1. Multi-Fineline Electronix ( MFLX) is a provider of advanced, flexible printed circuits and value-added component assembly solutions to the electronics industry.

For second quarter of 2011, total revenue is forecast to surge 45% to $223.2 million from $154.1 million in the year-ago quarter. Net income is seen at $11.6 million, or 50 cents per share, compared to $4.9 million, or 19 cents per share, reported in the second quarter of 2010.

Of the six analysts covering the stock, 83% recommend a buy, while the remaining rate a hold. There are no sell ratings on the stock. On average, analysts estimate 28% upside to $35.25 in value from current levels.

>>To see these stocks in action, visit the 8 Industrial Equipment Stocks to Watch portfolio on Stockpickr.

More from Opinion

3 Warren Buffett Stock Picks That Could Be Perfect for Your Retirement Portfolio

3 Warren Buffett Stock Picks That Could Be Perfect for Your Retirement Portfolio

Wednesday Wrap-Up: GE and Facebook

Wednesday Wrap-Up: GE and Facebook

PayPal Strikes Again, Facebook, and AT&T -- 3 Tech Stories You Must Know

PayPal Strikes Again, Facebook, and AT&T -- 3 Tech Stories You Must Know

How to Invest Like Warren Buffett

How to Invest Like Warren Buffett

50 Stocks That Could Be Shredded If a U.S. Trade War With China Ignites

50 Stocks That Could Be Shredded If a U.S. Trade War With China Ignites