NEW YORK, December 14, 2016 /PRNewswire/ --
Companies in the Industrial Goods sector are engaged in the production of goods used in construction and manufacturing. Performance in this sector is largely driven by supply and demand for building construction as well as demand for manufactured products. Ahead of today's trading session, Stock-Callers.com has lined up the following equities for review: Stanley Black & Decker Inc. (NYSE: SWK), Kennametal Inc. (NYSE: KMT), The Timken Co. (NYSE: TKR), and Boise Cascade Co. (NYSE: BCC). Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
Stanley Black & Decker
Connecticut headquartered Stanley Black & Decker Inc.'s stock finished Tuesday's session 0.86% lower at $119.10. A total volume of 1.15 million shares was traded, which was above their three months average volume of 1.12 million shares. The Company's shares have advanced 13.86% since the start of this year. The stock is trading above its 200-day moving average by 4.27%. Moreover, shares of Stanley Black & Decker, which engages in tools and storage, security, and industrial product businesses in the US, have a Relative Strength Index (RSI) of 46.23.
On December 02nd 2016, the Company announced that George W. Buckley, Lead Independent Director, has been named Chairman of the Board, effective January 01st , 2017. Dr. Buckley succeeds John F. Lundgren, who retired as CEO in July 2016 after more than 12 years with the Company and retained the Chairman role until year-end.
Yesterday, research firm CLSA downgraded the Company's stock rating from 'Buy' to 'Outperform'. Visit us today and access our complete research report on SWK at:
Shares in Pittsburgh, Pennsylvania-based Kennametal Inc. declined 0.93%, ending yesterday's session at $32.88. A total volume of 1.44 million shares, which was higher than their three months average volume of 1.13 million shares. The stock has gained 21.75% in the previous three months and 77.21% on an YTD basis. The Company's shares are trading 5.88% above their 50-day moving average and 26.76% above their 200-day moving average. Moreover, shares of Kennametal, which provides wear-resistant products, application engineering, and services of material science to the industrial production, transportation, earthworks, energy, construction, process industries, and aerospace sectors worldwide, have an RSI of 48.91.
On December 09th, 2016, research firm JP Morgan downgraded the Company's stock rating from 'Neutral' to 'Underweight'.
On December 13th, 2016, Kennametal announced today that its board of directors has elected Michelle R. Keating as Vice President, Secretary, and General Counsel effective immediately. In this role, Ms. Keating will be responsible for global legal operations, ethics, and compliance and serve as the secretary to the Company's board of directors. Prior to joining Kennametal, Ms. Keating served as contract manager at WESCO Distribution. The complimentary report on KMT can be downloaded at:
On Tuesday, North Canton, Ohio headquartered The Timken Co.'s stock rose 0.75%, to close the day at $40.15. A total volume of 830,345 shares was traded, which was above their three months average volume of 632,680 shares. The Company's shares have advanced 5.27% in the last one month, 26.83% in the previous three months, and 44.82% on an YTD basis. The stock is trading 10.85% and 20.01% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Timken, which engineers, manufactures, and markets bearings, transmissions, gearboxes, and chain and related products worldwide, have an RSI of 64.78.
On December 01st, 2016, Timken announced the release of new catalogs for housed units, seals and tapered roller bearings. The catalogs feature expanded offerings, more technical information and the latest on the Company's growing product offering.
On December 08th, 2016, research firm Stifel downgraded the Company's stock rating from 'Buy' to 'Hold'. The research firm revised upwards its previous target price from $37 to $42. Register for free on Stock-Callers.com and access the latest research report on TKR at:
Shares in Boise, Idaho headquartered Boise Cascade Co. ended the day 2.23% lower at $24.15, with a total trading volume of 267,931 shares. The stock has gained 20.75% in the last one month. The Company's shares are trading above their 50-day and 200-day moving averages by 9.61% and 6.28%, respectively. Furthermore, shares of Boise Cascade, which manufactures wood products and distributes building materials in the US and Canada, have an RSI of 61.11.
As per a SEC filing dated December 08th, 2016, Boise Cascade and its principal operating subsidiaries, as borrowers, and Boise Cascade Wood Products Holdings Corp., Chester Wood Products LLC, and Moncure Plywood LLC, as guarantors on December 08th, 2016 entered into the First Amendment to the Term Loan Agreement with American AgCredit, PCA. The Term Loan Amendment allows the Company to prepay its $75 million term loan and subsequently reborrow amounts prepaid on or before December 31st, 2018. Get free access to your research report on BCC at:
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