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MPC

Marathon Petroleum Corp has announced a quarterly dividend increase of approximately 10% to $0.825 per share. Additionally, the company has authorized an additional $5 billion share repurchase.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 12:00 pm

LECO

Seaport Global analyst Walt Liptak has upgraded Lincoln Electric Holdings (NASDAQ:LECO) from Neutral to Buy and set a price target of $210.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 11:43 am

SONN

Sonnet BioTherapeutics has completed a public offering of $4.55 million in October. The funds raised are expected to provide a cash runway into the third quarter of 2024.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 11:42 am

HUBB

Hubbell Inc has updated its FY23 guidance, expecting adjusted EPS of $15.00-$15.25, compared to the previous range of $14.75-$15.25. The company also anticipates an 8% YoY sales growth, with organic net sales growth of 7%. The company expects net M&A to contribute +1% to full year sales growth.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 11:37 am

OKYO

OKYO Pharma has raised $5.84 million in cash and reduced its payables. The company has not disclosed the source of the funds or the extent of the payables reduction.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 11:26 am

JFBR

Jeffs' Brands has announced a 1-for-7 reverse share split. The company's Ordinary Shares will start trading on the Nasdaq Capital Market on a post-split basis from November 3, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 11:20 am

BHIL

Benson Hill Inc. has announced measures to achieve a $33M run rate operating expense reduction by 2024. The company is also considering various strategic alternatives. Additionally, Deanie Elsner has been appointed as the new CEO.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 11:18 am

XYL

Xylem has raised its FY2023 adjusted EPS guidance from $3.50-$3.70 to $3.71-$3.73, beating the estimated $3.62. The company also increased its FY2023 sales guidance from $7.20B to $7.30B, again surpassing the estimated $7.20B. The full-year 2023 revenue is now expected to be approximately $7.3 billion, up about 32% on a reported basis and about 11% on an organic basis. The adjusted EBITDA margin for FY2023 is expected to be around 19%, up from the previous 18%.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 10:58 am

ETN

Eaton Corporation (ETN) has updated its FY23 guidance, narrowing its organic growth forecast to 11-12%, up 50 basis points at the midpoint. The company also raised its adjusted EPS guidance to $8.95-$9.05, up $0.25 at the midpoint, and its full year operating cash flow guidance to $3.3-$3.7 billion, up $100 million at the midpoint. For Q4 2023, Eaton anticipates organic growth of 8-10% and adjusted EPS of $2.39-$2.49.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 10:37 am

LDOS

Leidos Holdings has updated its fiscal year 2023 guidance, expecting revenues of $15.1B-$15.3B, up from the prior estimate of $14.9B-$15.2B. The company also anticipates an adjusted EPS of $6.80-$7.10, higher than the previous forecast of $6.40-$6.80.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 10:08 am