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BUZZ-Woodward shares fueled by diesel parts maker acquisition

Reuters - UK Focus

** Shares (Berlin: DI6.BE - news) of engineering co Woodward Inc (NasdaqGS: WWD - news) up 4.7 pct at $74.43 on Mon after co buys German diesel parts maker L'Orange (LSE: 0OQV.L - news) from British automaker Rolls-Royce Holdings PLC

** WWD to buy L'Orange for 700 million euros, or about $859 million; deal expected to close in Q3 2018

** Acquisition would boost WWD's EPS by 10 to 15 pct, though deal also doubles co's leverage, say Cowen analysts, who rate stock "market perform"

** Of 10 brokerages, 2 rate WWD "buy," 8 rate "hold," with median PT $81.50

** With (Other OTC: WWTH - news) today's gains, WWD still down 2.8 pct YTD but outperforming Dow U.S. Industrial Engineering index, down 6.3 pct