Farm & Construction Machinery Stocks Under Review -- Caterpillar, Joy Global, Deere, and Manitowoc

Aug 11, 2016, 07:30 ET from Chelmsford Park SA

NEW YORK, August 11, 2016 /PRNewswire/ --

Today's attention on is directed to four Farm and Construction Machinery companies in the Industrial Goods sector, namely: Caterpillar Inc. (NYSE: CAT), Joy Global Inc. (NYSE: JOY), Deere & Co. (NYSE: DE), and The Manitowoc Co. Inc. (NYSE: MTW). The global industrial machinery market size is expected to experience substantial growth from 2016 to 2023, whereas the U.S. industrial machinery market size is anticipated to drop due to low mining activities and limitations in the utility industries. Learn more about these stocks by downloading their free research reports in PDF format at:


Peoria, Illinois headquartered Caterpillar Inc.'s stock finished Wednesday's session 0.22% lower at $82.65 with a total trading volume of 2.29 million shares. The Company's shares have advanced 4.57% in the past month, 15.21% in the previous three months, and 25.54% since the start of this year. The stock is trading 6.88% above its 50-day moving average and 16.79% above its 200-day moving average. Additionally, shares of Caterpillar, which manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide, have a Relative Strength Index (RSI) of 60.73.

On July 26th, 2016, Caterpillar Inc. announced profit per share of $0.93 for Q2 2016, a decrease from $1.31 profit per share in Q2 2015. Excluding restructuring costs, profit per share was $1.09, down from $1.40 profit per share in Q2 2015. Q2 2016 sales and revenues were $10.3 billion, down 16% from $12.3 billion in Q2 2015.

On July 27th, 2016, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with an increase of the target price from $70 a share to $73 a share. Sign up and read the free research report on CAT at:

Joy Global  

On Wednesday, shares in Milwaukee, Wisconsin headquartered Joy Global Inc. recorded a trading volume of 3.03 million shares. The stock ended the session 0.04% lower at $27.47. The Company's shares have advanced 15.08% in the last one month, 64.07% in the previous three months, and 118.08% on an YTD basis. The stock is trading 17.88% above its 50-day moving average and 63.67% above its 200-day moving average. Moreover, shares of Joy Global, which manufactures and services mining equipment for extraction of coal, copper, iron ore, oil sands, gold, and other minerals and ores worldwide, have an RSI of 64.51.

On July 21st, 2016, research firm BB&T Capital Markets upgraded the Company's stock rating from 'Underweight' to 'Hold'.

On August 5th, 2016, Joy Global announced that it has completed the sale of its steel plate mill in Longview, Texas, to Nucor Corporation for approximately $29 million. All of Longview's steel mill and cutting employees have transitioned to Nucor employment. The complimentary research report on JOY can be downloaded at:


Shares in Moline, Illinois headquartered Deere & Co. closed the day 0.94% lower at $78.15. The stock recorded a trading volume of 1.76 million shares. The Company's shares have gained 4.01% on an YTD basis. The stock is trading 0.55% below its 200-day moving average. Additionally, shares of Deere & Co., which together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide, have an RSI of 38.48.

On July 22nd, 2016, Deere & Co. informed approximately 120 production employees at its John Deere Harvester Works in East Moline, Illinois that they will be placed on indefinite layoff effective September 6th, 2016. The factory's workforce currently includes approximately 1050 production employees.

On July 29th, 2016, research firm UBS downgraded the Company's stock rating from 'Buy' to 'Neutral'. The research firm also revised downwards its previous target price from $94 to $80. Register for free on and access the latest report on DE at:

The Manitowoc  

At the close, shares in Manitowoc, Wisconsin-based The Manitowoc Co. Inc. ended the day at $4.84, climbing 0.41%. The stock recorded a trading volume of 5.16 million shares, which was above its three months average volume of 3.16 million shares. The Company's shares are trading below their 50-day moving average by 13.04%. Furthermore, shares of The Manitowoc, which designs, manufactures, and sells cranes and related products, and foodservice equipment worldwide, have an RSI of 30.48.

On August 08th, 2016, Manitowoc reported Q2 2016 sales of $457.7 million, a 4% decrease versus $477.7 million in the comparable period in 2015. On a GAAP basis, the company reported a net loss of ($4.9) million, or ($0.04) per diluted share, in Q2 2016 versus a net income of $23.3 million, or $0.17 per diluted share, in Q2 2015.Get free access to your research report on MTW at:


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