How These Machinery Stocks are Faring? -- Cummins, Rockwell Automation, Colfax, and Donaldson
NEW YORK, May 5, 2017 /PRNewswire/ --
Pre-market, Stock-Callers.com revisits the Diversified Machinery space, which includes companies that are, by their very nature, extremely exposed to the fragile economic environment. The four equities in today's lineup are: Cummins Inc. (NYSE: CMI), Rockwell Automation Inc. (NYSE: ROK), Colfax Corp. (NYSE: CFX), and Donaldson Co. Inc. (NYSE: DCI). Register now and get full and free access to our downloadable research reports on these stocks at:
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Cummins
On Thursday, shares in Columbus, Indiana headquartered Cummins Inc. recorded a trading volume of 2.15 million shares, which was above their three months average volume of 1.29 million shares. The stock ended at $156.04, declining 1.63% from the last trading session. The Company's shares have gained 3.95% in the last one month, 7.35% over the previous three months, and 14.94% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.50% and 14.86%, respectively. Furthermore, shares of Cummins, which together with its subsidiaries, designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products worldwide, have a Relative Strength Index (RSI) of 59.32.
On April 18th, 2017, research firm Piper Jaffray downgraded the Company's stock rating from 'Overweight' to 'Neutral'.
On May 02nd, 2017, Cummins reported results for Q1 2017. Revenues for Q1 2017 were $4.6 billion, net income attributable to the Company was $396 million, and EBIT was $566 million. In addition, The Company returned $222 million to shareholders in the form of dividends and share repurchase during the quarter, consistent with its plan to return 50% of operating cash flow in 2017. Access our complete research report on CMI for free at:
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Rockwell Automation
Milwaukee, Wisconsin headquartered Rockwell Automation Inc.'s stock finished yesterday's session 0.23% higher at $154.90. A total volume of 1.45 million shares was traded, which was above their three months average volume of 993,480 shares. The Company's shares have gained 5.44% over the previous three months and 15.83% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 0.42% and 15.78%, respectively. Furthermore, shares of Rockwell Automation, which provides industrial automation and information solutions worldwide, have an RSI of 49.59.
On April 19th, 2017, research firm Gabelli & Co upgraded the Company's stock rating from 'Sell' to 'Hold'.
On April 26th, 2017, Rockwell Automation reported Q2 FY17 sales of $1,554.3 million, net income of $189.5 million, and pre-tax margin of 14.8%. The Company also said that it now projects FY17 sales of approximately $6.25 billion at the midpoint, and increased its adjusted EPS guidance range to $6.45 to $6.75. The complimentary research report on ROK can be downloaded at:
http://stock-callers.com/registration/?symbol=ROK
Colfax
At the close of trading on Thursday, shares in Annapolis Junction, Maryland headquartered Colfax Corp. saw a drop of 2.66%, ending the day at $38.72. The stock recorded a trading volume of 1.27 million shares, which was above its three months average volume of 581,710 shares. The Company's shares have advanced 0.62% in the last one month and 7.77% since the start of this year. The stock is trading 10.57% above its 200-day moving average. Moreover, shares of Colfax, which provides gas and fluid handling, and fabrication technology products and services worldwide, have an RSI of 43.88.
On April 26th, 2017, Colfax announced that it will issue a press release providing financial results for Q1 2017 on the morning of Friday, May 05th, 2017. The Company will hold a conference call to discuss the results beginning at 9:00 a.m. ET on the same day, which will be webcast under the "Investors" section of the Company's website. Register for free on Stock-Callers.com and get access to the latest PDF format report on CFX at:
http://stock-callers.com/registration/?symbol=CFX
Donaldson
Minneapolis, Minnesota-based Donaldson Co. Inc.'s shares ended the day 0.41% lower at $46.48 with a total trading volume of 352,572 shares. The stock has gained 3.75% in the last month, 11.18% over the previous three months, and 10.92% on an YTD basis. The Company's shares are trading 3.24% above their 50-day moving average and 14.89% above their 200-day moving average. Additionally, shares of Donaldson, which manufactures and sells filtration systems and replacement parts worldwide, have an RSI of 58.74.
On May 01st, 2017, Donaldson announced that it has acquired Hy-Pro Corporation. Hy-Pro designs and manufactures filtration systems and replacement filters for stationary hydraulic and industrial lubrication filtration applications. Download your free research report on DCI at:
http://stock-callers.com/registration/?symbol=DCI
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