Industrial Goods Stocks on Investors' Radar -- Kennametal, Stanley Black & Decker, Timken, and Tutor Perini
NEW YORK, October 25, 2016 /PRNewswire/ --
Stock-Callers.com takes a closer look at four equities in the Industrial Goods space, namely: Kennametal Inc. (NYSE: KMT), Stanley Black & Decker Inc. (NYSE: SWK), The Timken Co. (NYSE: TKR), and Tutor Perini Corp. (NYSE: TPC). On October 13, 2016, research firm Charles Schwab has reiterated its "Market Perform" rating on the sector due to factors such as a slightly improving global manufacturing environment, a brightening European economy, and China's aggressive response to slowing growth by loosening monetary policy. Learn more about these stocks by downloading their comprehensive and free reports at:
http://stock-callers.com/registration
Kennametal
On Monday, shares in Pittsburgh, Pennsylvania-based Kennametal Inc. recorded a trading volume of 1.13 million shares, which was above their three months average volume of 980,530 shares. The stock ended the day at $29.56, rising 0.31%. The Company's shares have gained 6.10% in the last one month, 18.44% over the previous three months, and 58.24% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.24% and 25.69%, respectively. Furthermore, 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 a Relative Strength Index (RSI) of 58.72.
On October 10th, 2016, Kennametal announced that it will host a conference call at 8:30 a.m. ET, on October 27th, 2016, to discuss its Q1 FY17 financial results. KMT complete research report is just a click away and free at:
http://stock-callers.com/registration/?symbol=KMT
Stanley Black & Decker
New Britain, Connecticut headquartered Stanley Black & Decker Inc.'s stock finished yesterday's session 0.16% lower at $119.52 and with a total trading volume of 877,131 shares. The Company's shares have gained 13.71% on an YTD basis. The stock is trading above its 200-day moving average by 8.53%. Furthermore, shares of Stanley Black & Decker, which engages in tools and storage, security, and industrial product businesses in the US, have an RSI of 43.75.
On October 20th, 2016, Stanley Black & Decker announced that its Board of Directors approved a regular Q4 cash dividend of $0.58 per common share. This extends the company's record for the longest consecutive annual and quarterly dividend payments among industrial companies listed on the NYSE. The dividend is payable on December 20th, 2016 to shareholders of record as of the close of business on December 2nd, 2016. The complimentary report on SWK can be downloaded at:
http://stock-callers.com/registration/?symbol=SWK
Timken
At the closing bell on Monday, shares in North Canton, Ohio headquartered The Timken Co. saw a slight drop of 0.17%, ending the day at $34.40. The stock recorded a trading volume of 423,728 shares. The Company's shares have advanced 3.43% in the last one month, 8.37% in the previous three months, and 23.24% since the start of this year. The stock is trading 1.44% above its 50-day moving average and 8.02% above its 200-day moving average. Moreover, shares of Timken, which engineers, manufactures, and markets bearings, transmissions, gearboxes, and chain and related products worldwide, have an RSI of 50.07.
On October 5th, 2016, Timken announced that it will release its Q3 2016 financial results on October 27th, 2016, prior to the opening of the NYSE. The company will host a conference call that day to discuss its financial performance with investors and securities analysts. Sign up for your complimentary research report on TKR at:
http://stock-callers.com/registration/?symbol=TKR
Tutor Perini
Sylmar, California headquartered Tutor Perini Corp.'s stock ended the day 0.52% higher at $19.25. A total volume of 865,976 shares was traded, which was above their three months average volume of 453,310 shares. The Company's shares have gained 14.99% on an YTD basis. The stock is trading 0.55% above its 200-day moving average. Additionally, shares of Tutor Perini, which provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide, have an RSI of 34.23.
On October 24th, 2016, Tutor Perini announced that it is offering $500 million in aggregate principal amount of Senior Notes due 2024 in a private offering. The Company intends to use the net proceeds from this offering, together with borrowings under a new revolving credit facility, to redeem its outstanding 7.625% Senior Notes due 2018, to pay off its existing term loan and existing revolver and to pay related transaction fees and expenses related to the offering. The Company intends to redeem all of the outstanding 2018 Notes pursuant to the indenture governing the 2018 Notes, at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest to the date of redemption.
On October 24th, 2016, research firm Seaport Global Securities upgraded the Company's stock rating from 'Accumulate' to 'Buy', issuing a target price of $26 per share. Get free access to your research report on TPC at:
http://stock-callers.com/registration/?symbol=TPC
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