Machinery Stocks Under Scanner -- General Electric, ABB Ltd, Danaher, and Honeywell
NEW YORK, May 31, 2017 /PRNewswire/ --
Companies in the Diversified Machinery category are primarily focused on manufacturing and selling industrial machinery products to other businesses. This group's dividend yield is below average, similar to most industries in the Industrial Goods sector. In today's pre-market research, Stock-Callers.com directs investors' attention to these four stocks: General Electric Co. (NYSE: GE), ABB Ltd (NYSE: ABB), Danaher Corp. (NYSE: DHR), and Honeywell International Inc. (NYSE: HON). You can access our complimentary research reports on these stocks now at:
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General Electric
Shares in Boston, Massachusetts headquartered General Electric Co. (GE) saw a slight decline of 0.33%, ending Tuesday's trading session at $27.36. The stock recorded a trading volume of 36.42 million shares, which was higher than its three months average volume of 31.48 million shares. The Company's shares are trading 6.23% below their 50-day moving average. Moreover, shares of GE, which operates as an infrastructure and technology company worldwide, have a Relative Strength Index (RSI) of 30.01.
On May 08th, 2017, GE announced that it is developing its Center for Additive Technology Advancement in Pittsburgh, Pennsylvania into an externally focused "Customer Experience Center (CEC)" to accelerate the use of additive manufacturing with GE's customers across several industries. With this transition, the $39-million Pittsburgh technology center, which opened in April 2016 to drive additive manufacturing within GE industrial operations, now joins a global network of CECs under the growing umbrella of GE Additive.
On May 12th, 2017, research firm Deutsche Bank downgraded the Company's stock rating from 'Hold' to 'Sell' while revising its previous target price from $28 a share to $24 a share. Visit us today and download your complete report on GE for free at:
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ABB Ltd
Zurich, Switzerland headquartered ABB Ltd.'s stock declined 0.08%, closing the day at $24.98 with a total trading volume of 711,696 shares. The Company's shares have advanced 1.54% in the past month, 10.78% in the previous three months, and 18.56% since the start of this year. The stock is trading 4.46% and 11.04% above its 50-day and 200-day moving averages, respectively. Additionally, shares of ABB, which manufactures and sells electrification, robotics and motion, power grid, and industrial automation products for utilities, transportation, infrastructure, and industrial customers worldwide, have an RSI of 58.73.
On May 23rd, 2017, research firm Exane BNP Paribas downgraded the Company's stock rating from 'Outperform' to 'Neutral'.
On May 24th, 2017, ABB officially inaugurated its new $90-million, state-of-the-art Canadian headquarters and Customer Innovation Center, which will serve 700 employees who were previously spread across six locations in Greater Montreal. Campus Montreal houses research and development, manufacturing, assembly, and testing for the Company's energy value chain. The complimentary research report on ABB can be accessed at:
http://stock-callers.com/registration/?symbol=ABB
Danaher
On Tuesday, shares in Washington, the District of Columbia headquartered Danaher Corp. recorded a trading volume of 2.43 million shares. The stock ended the day 0.49% higher at $84.81. The Company's shares have advanced 1.78% in the past month and 8.95% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 0.42% and 4.27%, respectively. Furthermore, shares of Danaher, which designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide, have an RSI of 60.14.
On May 25th, 2017, Danaher announced that President and CEO Thomas P. Joyce, Jr. will be presenting at the Bernstein Strategic Decisions Conference in New York City on June 01st, 2017, at 8:00 a.m. ET. The audio will be simultaneously webcast, and the presentation will be archived on the Company's website. Register for free on Stock-Callers.com and download the PDF research report on DHR at:
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Honeywell
Morris Plains, New Jersey-based Honeywell International Inc.'s stock dropped 0.24%, finishing yesterday's session at $132.93 with a total trading volume of 2.70 million shares. The Company's shares have advanced 1.36% in the last one month, 6.77% in the previous three months, and 14.74% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.88% and 11.57%, respectively. Additionally, shares of Honeywell International, which operates as a diversified technology and manufacturing company worldwide, have an RSI of 63.22.
On May 22nd, 2017, Honeywell International has been selected by Embraer to upgrade its Lineage 1000E Executive Jets with the Company's JetWaveTM satellite communications hardware to provide global, high-speed Wi-Fi via Inmarsat's Jet ConneX service. Whether accessing work networks, staying connected to friends and family on social media, or streaming movies, passengers will experience a new level of consistent high-speed wireless connectivity over land or sea virtually everywhere around the world, at speeds similar to those found in their home. Get free access to your research report on HON at:
http://stock-callers.com/registration/?symbol=HON
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