NEW YORK, December 9, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Deere & Company (NYSE: DE), Honeywell International Inc. (NYSE: HON), Ingersoll-Rand plc (NYSE: IR), Parker-Hannifin Corporation (NYSE: PH), and Terex Corporation (NYSE: TEX). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Deere & Company Research Report
On December 4, 2013, Deere & Company (John Deere) announced that its Board of Directors has authorized the repurchase of up to $8 billion of additional common stock. In addition, the Board has also declared a regular quarterly dividend of $0.51 per share on its common stock, payable on February 3, 2014 to stockholders of record as of December 31, 2013. The Full Research Report on Deere & Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Honeywell International Inc. Research Report
On December 3, 2013, Honeywell International Inc. (Honeywell) announced that it has been selected by Kuwait National Petroleum Company (KNPC) to provide the Integrated Control and Safety System (ICSS) for its new 615,000 barrel/day Al Zour refinery complex to be built in southern Kuwait. Further, Honeywell informed that it will also provide the front-end engineering design (FEED) for the system. The Company stated that the Al Zour refinery complex will be Kuwait's fourth refinery and the largest refinery in the entire Middle East, which is expected to start-up in 2018. "With this new refinery, Kuwait will become one of the largest producers of clean fuels in the Middle East," said James King, General Manager of Honeywell in Kuwait. "Honeywell's suite of proven technologies for the refining industry is well suited to support a quick and safe refinery start up, and efficient operations. We are pleased to have been selected for this important project." The Full Research Report on Honeywell International Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Ingersoll-Rand plc Research Report
On December 2, 2013, Ingersoll-Rand plc (Ingersoll Rand) announced that it has completed the spinoff of its commercial and residential security businesses, Allegion. "Allegion's industry-defining products and partnerships with customers to solve their toughest security challenges set the company apart in raising the standards for safety and security. I congratulate Allegion Chairman and CEO Dave Petratis and all of the Allegion employees, and thank Ingersoll Rand employees around the world for their efforts in delivering on our commitment to complete the spin. These efforts position Allegion for long-term success and enable Ingersoll Rand to provide greater focus on growth within our core Industrial and Climate businesses," said Michael W. Lamach, Chairman and CEO of Ingersoll Rand. The Company stated that Allegion's ordinary shares were distributed on December 1, 2013, where Ingersoll Rand shareholders received one Allegion ordinary share for every three Ingersoll Rand ordinary shares held at the close of business on the record date of November 22, 2013. The Full Research Report on Ingersoll-Rand plc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Parker-Hannifin Corporation Research Report
On November 25, 2013, Parker-Hannifin Corporation (Parker) announced that it has changed the name of the Parker Seal Group to Parker Engineered Materials Group. The Company stated that the new name better represents the materials science capability and complex manufacturing, process, and application engineering that Parker can provide. Further, the Company intends to maintain its Parker Pradifa and Parker Chomerics brand names under the umbrella of the Engineered Materials Group as appropriate. "The name change does not signal any fundamental change in strategy or direction for the group, the focus of which will continue to be sealing and shielding solutions for a broad array of markets and challenging applications," said Andrew Ross, Corporate Vice President and President of the Engineered Materials Group. "The new group name accommodates what we envision as a more expansive future growth platform designed to offer customers a broader range of solutions and services." The Full Research Report on Parker-Hannifin Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Terex Corporation Research Report
On November 13, 2013, Terex Corporation (Terex) announced that it has completed a re-pricing of its term loans that is expected to reduce its cash interest costs by approximately $5 million annually. In addition, the Company stated that the amendment to the credit agreement also provides, among other things, greater flexibility for the Company in financing its equipment sales. "The strong credit market and our improved credit profile have enabled us to reduce our cost of debt. One of the three main focuses of our Company is to improve our financial efficiency. We have made very good strides in this area over the past 18 months, reducing both the amount of debt outstanding as well as our interest rates, and this is another step forward in those efforts," said Kevin Bradley, Senior Vice President and CFO of Terex. The Full Research Report on Terex Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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