NEW YORK, February 9, 2017 /PRNewswire/ --
In today's pre-market research, Stock-Callers.com presents for review the following four equities: General Electric Co. (NYSE: GE), Honeywell International Inc. (NYSE: HON), Danaher Corp. (NYSE: DHR), and Eaton Corp. PLC (NYSE: ETN). These companies belong to the Diversified Machinery space, which, by its very nature, is extremely exposed to the fragile nature of the economic climate. Learn more about these stocks by downloading their free research reports in PDF format at:
On Wednesday, shares in Fairfield, Connecticut headquartered General Electric Co. recorded a trading volume of 32.09 million shares, which was above their three months average volume of 31.69 million shares. The stock ended the day at $29.43, declining 0.44% from the last trading session. The Company's shares have advanced 1.17% in the previous three months. The stock is trading below its 200-day moving average by 2.70%. Furthermore, shares of General Electric, which operates as an infrastructure and financial services company worldwide, have a Relative Strength Index (RSI) of 26.12.
On February 01st, 2017, General Electric announced that it has signed an agreement to sell its 43% stake in Hyundai Card Co. (HCC) to Hyundai Commercial, Affinity Equity Partners, GIC and AlpInvest, to divest its entire 43% ownership in HCC. The transaction represents aggregate General Electric ending net investment of approximately US$1.3 billion as of the end of Q4 2016. The transaction is expected to close around the end of February 2017. Sign up and read the free research report on GE at:
Morris Plains, New Jersey-based Honeywell International Inc.'s stock rose 0.01%, finishing yesterday's session at $119.73 with a total trading volume of 1.82 million shares. The Company's shares have gained 1.85% in the last month, 8.26% over the previous three months, and 3.35% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.50% and 4.88%, respectively. Additionally, shares of Honeywell International, which operates as a diversified technology and manufacturing company worldwide, have an RSI of 65.08.
On February 08th, 2017, Honeywell announced that it has joined the Clean Sky 2 Joint Undertaking, the largest European research program developing innovative technologies aimed at reducing carbon dioxide emissions and noise levels produced by aircraft. As a core partner of Clean Sky, Honeywell received funding worth 35 million euros to back the development of aerospace technologies in support of the initiative. The complimentary research report on HON can be downloaded at:
Shares in Washington, the District of Columbia headquartered Danaher Corp. ended the session 0.12% lower at $82.98. The stock recorded a trading volume of 1.70 million shares. The Company's shares have gained 2.97% in the last one month, 6.28% in the previous three months, and 6.60% on an YTD basis. The stock is trading 4.06% above its 50-day moving average and 6.23% above its 200-day moving average. Moreover, shares of Danaher, which designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide, have an RSI of 63.10.
On January 31st, 2017, Danaher reported net earnings of $747.0 million, or $1.07 per diluted share, for Q4 2016, which represents an increase of 42.5% y-o-y. For Q4 2016, the Company's revenues increased 6.0% y-o-y to $4.6 billion, with core revenue growth of 3.5%. For the full year 2016, Danaher's net earnings were $2.2 billion, or $3.08 per diluted share, which represents a 24.5% y-o-y increase. Revenues for the full year 2016 increased 17.0% to $16.9 billion, with core revenue growth of 3.0%. The Company generated strong operating cash flow of $3.1 billion for the full year 2016.
On February 01st, 2017, research firm Credit Suisse initiated an 'Outperform' rating on the Company's stock, with a target price of $93 per share. Register for free on Stock-Callers.com and access the latest report on DHR at:
At the closing bell on Wednesday, Dublin, Ireland-based Eaton Corp. PLC's stock dropped 0.38%, finishing at $69.97. A total volume of 2.28 million shares was traded. The Company's shares have advanced 4.62% in the last month, 12.08% over the previous three months, and 4.29% on an YTD basis. The stock is trading 2.18% above its 50-day moving average and 9.18% above its 200-day moving average. Additionally, shares of Eaton, which operates as a power management company worldwide, have an RSI of 53.38.
On February 02nd, 2017, Eaton reported net income and operating earnings per share of $1.12 for Q4 2016, down 3% compared to Q4 2015. The Company's sales were $4.9 billion in Q4 2016, down 4% from Q4 2015. The sales decrease consisted of 3% from a decline in organic sales and 1% from negative currency translation.
On February 03rd, 2017, research firm JP Morgan downgraded the Company's stock rating from 'Overweight' to 'Neutral'. Get free access to your research report on ETN at:
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