Welbilt, Inc. Stock News

Billionaire investor Carl Icahn acquired more than 12.5 million shares of Twitter Inc. during the third quarter, ahead of Elon Musk's takeover of the company, while also boosting his holdings in Occid

Welbilt's exposure to the U.S. fast-food market will make new Italian owner Ali Group more resilient in a slowing global economy, while the deal will bring $100 million in cost savings, the chief exec

LONDON--(BUSINESS WIRE)--Pentair plc today announced that it has completed the previously announced transaction to acquire Manitowoc Ice from Welbilt, Inc.

Industry leaders collaborating to transform restaurant operations CHICAGO , May 19, 2022 /PRNewswire/ -- As restaurant operators seek to accelerate their digital transformation in response to labor ch

Welbilt''s (WBT) sale of its Manitowoc Ice business for $1.6B to Pentair (PNR) helps clear the "last big hurdle" for completing Ali Group''s planned purchase of Welbilt, according…

Water treatment company Pentair plc said Thursday it has entered an agreement to acquire Manitowoc Ice, a provider of commercial ice makers, for $1.6 billion. Adjusted for about $220 million of tax benefits, the company will pay about $1.38 billion. The deal is expected to close in the second quarter and London-based Pentair will fund it by issuing new debt that it expects to be investment grade. Manitowoc Ice is a portfolio company of Welbilt Inc. [s :wbt] a maker od commercial ice machines for the U.S. and global markets. The deal is expected to add 25 cents to adjusted per-share earnings in 2023 and 40 cents in 2025. "We expect this strategic acquisition to be a game changer for our commercial water solutions platform, establishing a differentiated, total water management offering and expanded network within the foodservice industry," Pentair Chief Executive John Stauch said in a statement. Not including Manitowoc Ice, Pentair is still expecting 2022 EPS to range from $3.54 to $3.65 and adjusted EPS to range from $3.70 to $3.80.

NEW PORT RICHEY, Fl.--(BUSINESS WIRE)--Welbilt, Inc. (NYSE:WBT) today announced that it has entered into a definitive agreement to sell its Manitowoc® Ice business (“Manitowoc Ice”) to Pentair pl

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt, Inc. (NYSE:WBT), today announced financial results for its 2021 fourth quarter. 2021 Fourth Quarter Highlights (1) Net sales were $423.0 million, an increase of 32.2 percent from the prior year; Organic Net Sales (a non-GAAP measure) increased 32.3 percent from the prior year Earnings from operations were $47.3 million compared to $40.6 million in the prior year; as a percentage of net sales, earnings from operations were 11.2 percent compared to

Welbilt found using ticker (WBT) have now 4 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The target price ranges between 24 and 24 calculating the mean target price we have 24. Given that the stocks previous close was at 23.79 this now indicates there is a potential upside of .9%. The 50 day moving average now sits at 23.74 and the 200 day MA is 23.42. The market cap for the company is $3,374m. You can visit the company''s website by visiting: https://www.welbilt.com [stock_market_widget type="chart" symbol="WBT" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] The potential market cap would be $3,404m based on the market concensus. Welbilt, designs, manufactures, and supplies foodservice equipment for commercial foodservice market worldwide. The company offers commercial upright and undercounter refrigerators and freezers, blast freezers and chillers, and cook-chill systems under the Delfield brand; and walk-in refrigerators, coolers and freezers, and prefabricated cooler and freezer panels under the Kolpak brand.

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Electrolux Professional and Middleby Corp. (MIDD) are said to be bidding about $1.2B for Welbillt''s (WBT) Manitowoc ice business as part of Ali Group''s attempt to gain regulatory

Manufacturing activity is getting a boost from higher demand and consumption, helping stocks like Welbilt (WBT), A. O. Smith (AOS), Helios Technologies (HLIO) and Applied Industrial Technologies (AIT)

Prudential Financial Inc. grew its position in Welbilt, Inc (NYSE:WBT) by 8.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,537 shares of the industrial products companys stock after buying an additional 1,177 shares during the period. Prudential Financial []

Comerica Bank lessened its stake in shares of Welbilt, Inc (NYSE:WBT) by 46.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 151,542 shares of the industrial products companys stock after selling 128,852 shares during the period. Comerica Banks holdings in Welbilt were worth $3,519,000 at the end of the most recent reporting []