Nortek Company Profile (NASDAQ:NTK)

Analyst Ratings

Consensus Ratings for Nortek (NASDAQ:NTK) (?)
Ratings Breakdown: 1 Hold Rating(s), 1 Buy Rating(s)
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $74.50 (14.45% downside)

Analysts' Ratings History for Nortek (NASDAQ:NTK)
Show:
DateFirmActionRatingPrice TargetActions
5/13/2016Jefferies GroupReiterated RatingHold$49.00 -> $54.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
8/5/2015Imperial CapitalReiterated RatingOutperform$98.00 -> $95.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
10/9/2014ING GroupInitiated CoverageIn-LineView Rating Details  Tweet This Rating  Share This Rating on StockTwits
7/31/2014Avondale PartnersInitiated CoverageMarket Outperform$114.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
(Data available from 7/26/2014 forward)

Earnings

Earnings History for Nortek (NASDAQ:NTK)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallActions
8/1/2016        
5/12/2016Q116($0.20)$0.16$585.95 million$613.90 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/29/2016Q415$0.19$0.24$615.10 million$631.00 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
11/3/2015Q315$0.52($0.90)$654.10 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
8/3/2015Q215$0.97($0.14)$715.77 million$703.90 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
5/4/2015Q1$0.15($0.87)$613.60 million$572.70 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
3/2/2015Q4$0.19$0.29$605.73 million$636.80 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
11/3/2014Q3$0.49$0.29$631.60 million$642.90 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
8/5/2014Q2$1.45$1.10ViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
5/6/2014Q1($0.38)($0.55)ViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
8/1/2013Q2 2013$0.73$615.70 million$630.70 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
3/14/2013Q4 2012($0.82)$535.20 million$505.40 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
11/8/2012Q312$0.30$551.80 million$557.40 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Nortek (NASDAQ:NTK)
No earnings estimates for this company have been tracked by MarketBeat.com

Dividends

Dividend History for Nortek (NASDAQ:NTK)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for Nortek (NASDAQ:NTK)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionActions
3/11/2016Kevin W DonnellySVPSell2,500$44.87$112,175.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/8/2015Kevin W DonnellySVPSell2,500$80.28$200,700.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
3/5/2015Kevin W DonnellySVPSell2,500$81.35$203,375.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
10/9/2014Corporate Opportunities F AresMajor ShareholderSell38,779$75.65$2,933,631.35View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Nortek (NASDAQ:NTK)
DateHeadline
07/22/16 11:18 AMNortek Air Solutions’ CLEANPAK Cleanroom System Part of the 2016 Laboratory of the Year at University of Illinois - [at noodls] - http://www.businesswire.com/news/home/20160722005571/en/ Nortek Air Solutions' CLEANPAK® system provides a complete air distribution and filtration system using Recirculation Air Handlers units which sit ...
07/22/16 08:29 AMInvestor News: Investigation over Takeover of Nortek Inc (NASDAQ:NTK)
07/20/16 11:28 AMErgotron Senior Manager Earns Ergonomics and Wellness Certifications - [PR Newswire] - ST. PAUL, Minn., July 20, 2016 /PRNewswire/ -- Ergotron, Inc., a Nortek Company and global leader in the sit-stand workplace revolution and collaborative standing classrooms, is proud to announce that Carrie Schmitz, AOEAS, CHC, Senior Manager of Human Factors and Ergonomics Research at Ergotron has recently achieved both an Advanced Office Ergonomics Assessment Specialist Certification from the Back School, and a Health Coach Certification from Real Balance Global Wellness Services. "For more than 30 years, we have been focused on wellness with our customers, which has only expanded since the launch of our JustStand® Wellness initiative in 2010," said Daneen Kiger, vice president of global marketing at Ergotron.
07/16/16 08:50 AMBrodsky & Smith, LLC Announces an Investigation of The Board of Directors of Nortek, Inc.
07/15/16 06:15 PMSHAREHOLDER ALERT: Brodsky & Smith, LLC Announces an Investigation of The Board of Directors of Nortek, Inc. - [Business Wire] - Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Nortek, Inc. for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Melrose Industries PLC .
07/15/16 01:36 AMBRIEF-Melrose receives final regulatory approval for Nortek offer - * Final regulatory approvals received for melrose's tender offer for nortek
07/14/16 11:44 AMINVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Whether the Sale of Nortek, Inc. to Melrose Industries PLC for $86 Per Share is Fair to Shareholders - [Business Wire] - The following statement is being issued by Levi & Korsinsky, LLP:
07/14/16 09:15 AMErgotron Introduces WorkFit-SR Sit-Stand Workstation, Improving Employee Activity without Compromising Space - [PR Newswire] - ST. PAUL, Minn., July 14, 2016 /PRNewswire/ -- With mounting research highlighting the negative health impacts sedentary behavior has on office workers, employers continue to look for ways to enhance their work environment to promote activity. Understanding this need, Ergotron, Inc., a Nortek company (NTK) today announced the general availability of its new sit-stand workstation, the WorkFit-SR. Ergotron's latest solution positions a complete workstation -- display(s), keyboard and work surface -- within the footprint of an employee's desktop without compromising space, as it clamps to the rear of the desk. Despite an increased focus on employee health and wellness and expanding employee benefits programs, according to Ergotron's JustStand® Index, only 23 percent of employees are aware of wellness programs at their company that include sit-stand workstations.
07/13/16 05:52 PMInvestigation for Investors in Nortek Inc (NASDAQ:NTK) in Connection with the Takeover Announced
07/12/16 05:24 PMSHAREHOLDER UPDATE: Brodsky & Smith, LLC Announces an Investigation of The Board of Directors of Nortek, Inc. -NTK - [PR Newswire] - BALA CYNWYD, Pa., July 12, 2016 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Nortek, Inc. ("Nortek" ...
07/12/16 04:18 PMSHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Nortek, Inc. Buyout - [Business Wire] - Rigrodsky & Long, P.A.:
07/11/16 09:50 AMSHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Into Whether the Sale of Nortek, Inc. to Melrose Industries PLC for $86 Per Share is Fair to Shareholders -- NTK - [PR Newswire] - NEW YORK, July 11, 2016 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Nortek, Inc. (NASDAQ: NTK) stock prior to July 6, 2016 ...
07/09/16 07:00 AMINVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Nortek, Inc. And Encourages Shareholders To Contact The Firm For Additional Information - [Business Wire] - The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Nortek, Inc.
07/08/16 12:57 PMNortek Inc (NTK): Gates Capital Management Reports 20.4% Stake -
07/07/16 04:14 PMNortek Inc. Acquisition May Not Be in the Best Interests of NTK Shareholders - [PR Newswire] - NEW YORK, July 7, 2016 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Nortek Inc. ("NTK" or the "Company") in connection with the proposed acquisition of the Company by Melrose Industries Plc ("Melrose").
07/07/16 02:50 PMINVESTOR ALERT: Levi & Korsinsky, LLP Has Commenced an Investigation Into Whether the Sale of Nortek, Inc. to Melrose Industries PLC for $86 Per Share is Fair to Shareholders - [Business Wire] - The following statement is being issued by Levi & Korsinsky, LLP:
07/07/16 02:14 PMNortek, Inc. Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Merger with Melrose Industries PLC - [Business Wire] - Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Nortek, Inc.
07/07/16 09:31 AMRyan & Maniskas, LLP Announces Investigation of Nortek Inc. - [PR Newswire] - WAYNE, Pa., July 7, 2016 /PRNewswire/ -- Ryan & Maniskas, LLP is investigating potential claims against the board of directors of Nortek Inc. ("Nortek" or the "Company") (NASDAQ: NTK) ...
07/07/16 09:22 AMBRIEF-Gates Capital Management reports 20.4 pct stake in Nortek Inc - * Gates Capital Management, Inc reports 20.4 percent active stake in Nortek Inc as of July 6, 2016 - SEC Filing Source - http://bit.ly/29kafwK Further company coverage: (Bengaluru Newsroom; +1...
07/07/16 08:27 AMMelrose Industries buys Nortek for US$1.4bn
07/07/16 08:27 AMNortek, Inc. Enters Into Definitive Merger Agreement With Melrose Industries PLC
07/07/16 08:27 AMMelrose to buy manufacturer Nortek for $2.8 billion
07/07/16 08:27 AMNortek Inc. (NTK) Soared To Over A 10-Month High On Merger News
07/07/16 08:27 AMNortek Inc (NTK) Buyout Burns Short Sellers
07/07/16 08:02 AMBlog Coverage Melrose Industries Acquires U.S. Ventilation Maker Nortek -
07/06/16 04:05 PMBRIEF-Nortek says upon termination of merger, co required to pay Melrose about $50 mln - * Upon termination of merger agreement,under specified circumstances,co required to pay melrose termination fee of about $50 million - sec filing Source text for Eikon: Further company coverage: ...
07/06/16 03:28 PMMelrose to buy US ventilation products maker Nortek - Reuters - Yahoo News UKMelrose to buy US ventilation products maker NortekReutersBritain's Melrose Industries (MRON.L) has agreed to buy U.S. ventilation and home security products maker Nortek (NTK.O) for $2.81 billion, including debt, in a bet on the U.S. construction market. Shares in Melrose, an engineering turnaround ...Melrose's Nortek Bid Counters Expectations for Post-'Brexit' M&A Involving UK FirmsWall Street JournalHarwood Feffer LLP Announces Investigation of Nortek, Inc.PR Newswire (press release)Unusual 11 Mid-Day Movers 7/6: (NTK) (VSR) (FORD) Higher; (GBIM) (XBIT) (SPCB) LowerStreetInsider.com24/7 Wall St. -Chicago Tribune -Motley Fool -CNBCall 64 news articles »
07/06/16 03:27 PMNortek and Melrose Make Moves to Merge - Nortek Inc. (NASDAQ: NTK) is watching its shares make a handy gain on Wednesday after news of an acquisition. The company announced that it has signed an agreement and plan of merger with Melrose Industries, a U.K.-listed public company and Nevada Corp., a newly created wholly owned subsidiary of Melrose, to be acquired by Melrose … … Continue reading →
07/06/16 12:26 PMWhy Nortek Inc.'s Shares Jumped 40% Today - A big buyout offer has Nortek Inc.'s stock moving higher, but has it gone too high?
07/06/16 10:59 AMMelrose to buy ventilation products maker Nortek for $2.8 billion - Reuters - Financial ExpressMelrose to buy ventilation products maker Nortek for $2.8 billionReutersMelrose Industries (MRON.L) has agreed to buy Nortek (NTK.O) in a deal worth $2.81 billion that will allow it to halve the U.S. ventilation products maker's debt and free up cash to take advantage of a strong construction market. Shares in Melrose, an ...Melrose buys fan maker in first major British purchase since 'Brexit'Chicago TribuneOne Deal Won't Lift the Brexit GloomBloombergMorning Movers: NTK, WBA, TSLA, MATheStreet.comStreetInsider.com -STLtoday.com -Yahoo Finance -Sky Newsall 49 news articles »
07/06/16 09:41 AMSHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Commencement of an Investigation Into Whether the Sale of Nortek, Inc. to Melrose Industries PLC for $86 Per Share is Fair to Shareholders - NTK - [Accesswire] - NEW YORK, NY / ACCESSWIRE / July 6, 2016 / The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Nortek, Inc. (NASDAQ: NTK) stock prior to July 6, ...
07/06/16 09:21 AMFirms Roll Up Their Sleeves After EU Vote -
07/06/16 09:20 AMNORTEK, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout - [Business Wire] - Rigrodsky & Long, P.A.:
07/06/16 09:13 AMMelrose to buy ventilation products maker Nortek for $2.8 billion -
07/06/16 09:00 AMBroan®'s Latest Balanced Ventilation System, the ERVS100, Offers Leading Ventilation Solution for Homes in the Southern United States - [PR Newswire] - HARTFORD, Wis., July 6, 2016 /PRNewswire/ -- Broan, a Nortek Company (NTK), introduces the revolutionary new fresh air solution for southern regions. In the southern United States specifically, additional challenges exist. In extremely hot and humid regions, increased air tightness and requirements for mandatory mechanical ventilation in homes can lead to excess moisture, increasing the likelihood of homeowner discomfort, adverse health effects like asthma, allergies and other respiratory complaints, and building degradation.
07/06/16 08:52 AMUPDATE 4-Melrose to buy ventilation products maker Nortek for $2.8 bln - * Melrose to fund deal through new debt, share issue (Adds Brexit, analyst comments)
07/06/16 08:42 AM[$$] Melrose: improving returns - [at Financial Times] - Buy, improve, sell. The mission statement of Melrose is admirably clear. But while it sounds uncannily similar to private equity, the UK industrial group's modus operandi is notably different. On Wednesday, ...
07/06/16 07:19 AMUPDATE 3-Melrose to buy ventilation products maker Nortek for $2.8 bln - * Deal of $86/shr at 38 pct premium to Nortek's Tuesday close
07/06/16 07:19 AMNortek to be bought by Melrose Industries in $2.8B deal -
07/06/16 05:54 AMUPDATE 2-Melrose to buy ventilation products maker Nortek for $2.8 bln - * Deal of $86/shr at 38 pct premium to Nortek's Tuesday close
07/06/16 03:16 AMBRIEF-Melrose Industries says to buy Nortek Inc for $1.44 bln - * Proposed recommended acquisition of Nortek Inc and fully underwritten 1.66 bln stg rights issue
07/06/16 02:34 AMUPDATE 1-Melrose to buy residential products maker Nortek for $1.44 bln - July 6 (Reuters) - Engineering turnaround specialist Melrose Industries Plc said it had agreed to buy Nortek Inc in a cash deal valuing the U.S.-based residential products maker at $1.436 billion.
07/06/16 01:52 AMMelrose to buy residential products maker Nortek for $1.44 bln - July 6 (Reuters) - Engineering turnaround specialist Melrose Industries Plc said on Wednesday it had agreed to buy Nortek Inc in a cash deal valuing the U.S.-based residential products maker at...
07/01/16 05:30 PMETF’s with exposure to Nortek, Inc. : July 1, 2016 -
06/29/16 08:20 AMELAN Helps Modernize 1920s Lake Michigan Cottage With Centralized A/V Ecosystem
06/27/16 09:15 AMErgotron's LearnFit Desks Fuel Innovation and Success in the Classroom - [PR Newswire] - ST. PAUL, Minn., June 27, 2016 /PRNewswire/ -- Ergotron, a Nortek company (NTK) and a leader in the connected classroom, is continuing its mission of transforming classrooms into active learning environments with the addition of customer Lake Travis Independent School District, as well as the introduction of its latest version of the LearnFit® Sit-Stand Desk. This new model adjusts to lower heights to fit the needs of classrooms with younger students – broadening access to the health benefits of active classrooms to student ages six and above. "Over the years, students have become increasingly sedentary – even young grade school students are seated for almost six hours a day – and research continues to indicate that movement is integral to the development of the mind," explained Bob Hill, Ergotron education manager.
06/16/16 05:42 PMELAN Helps To Seamlessly Unify Indoor and Outdoor Space in Contemporary Santa Barbara Home
06/14/16 09:30 AMSaving Money and Ensuring a Healthier Indoor Environment: Broan®'s New HE Series Offers the Most Efficient Line-Up of Balanced Ventilation - [PR Newswire] - HARTFORD, Wis., June 14, 2016 /PRNewswire/ -- Broan, a Nortek Company (Nasdaq: NTK), introduces the future of fresh air. Energy efficiency continues to be a major trend in home building and is a key component ...
06/10/16 08:27 AMInfoComm - Gefen Debuts New Line of 4K 600 MHz Solutions at InfoComm 2016
06/09/16 08:29 AMPanamax by Core Brands Introduces Full-Featured IP Controlled Vertical Power Conditioner - the VT4315-PRO

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About Nortek

Nortek logoNortek, Inc. (Nortek) is a diversified company delivering technology-driven products and solutions for lifestyle improvement at home and at work. The Company's segments include: the Air Quality and Home Solutions (AQH); the Security and Control Solutions (SCS); the Ergonomic and Productivity Solutions (ERG); the Residential and Commercial HVAC (RCH); the Custom and Commercial Air Solutions (CAS), and Audio, Video and Control Solutions segments (AVC). Through its segments, the Company manufactures and sells in the United States, Canada, and Europe, with additional manufacturing in China and Mexico, a variety of products for the remodeling and replacement markets, the residential and commercial new construction markets, and the personal and enterprise computer markets.

Industry, Sector and Symbol:
  • Sector: Construction
  • Industry: General Building Materials
  • Sub-Industry: Building Products
  • Exchange: NASDAQ
  • Symbol: NTK
  • CUSIP: 65655930
Key Metrics:
  • Previous Close: $86.40
  • 50 Day Moving Average: $66.15
  • 200 Day Moving Average: $49.64
  • P/E Ratio: N/A
  • P/E Growth: 0.00
  • Market Cap: $1.38B
  • Beta: 1
  • Current Year EPS Consensus Estimate: $3.19 EPS
  • Next Year EPS Consensus Estimate: $4.54 EPS
Additional Links:
Nortek (NASDAQ:NTK) Chart for Tuesday, July, 26, 2016