Stock Price Movements, Prestigious Recognitions, Geographical Expansions, and Financial Results - Research Report on Lennar, Illinois Tool Works, Cummins, Masco, and Parker-Hannifin

NEW YORK, October 25, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Lennar Corporation (NYSE: LEN), Illinois Tool Works Inc. (NYSE: ITW), Cummins Inc. (NYSE: CMI), Masco Corporation (NYSE: MAS) and Parker-Hannifin Corporation (NYSE: PH). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Lennar Corporation Research Report

On October 22, 2013, Lennar Corporation's (Lennar) stock gained 4.2%, ending the day at $36.17. Over the previous three trading sessions, shares of Lennar gained 2.3%, outperforming the S&P 500, which gained 1.2% during the same period. The Full Research Report on Lennar Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/c62c_LEN]

--

Illinois Tool Works Inc. Research Report

On October 21, 2013, Illinois Tool Works Inc. (ITW) announced its Q3 2013 financial results. The Company's operating revenues declined 4.4% YoY to $3.6 billion during the quarter. Net income was $452 million or $1.01 per diluted share in Q3 2013, compared to net income of $524 million or $1.12 per diluted share in Q3 2012. Commenting on the results, Scott Santi, ITW President and CEO of the Company, said, "We were pleased with our financial performance in the quarter and the progress we continue to make in executing our Enterprise initiatives. Third quarter operating margins of 19.0 percent were driven by an 80 basis point contribution from our enterprise initiatives. On a year-to-date basis, free cash flow conversion was solidly above 100 percent of net income, and our adjusted after-tax return on average invested capital was 16.3 percent, up 110 basis points versus the same period last year." ITW stated that it expects full-year 2013 net income per diluted share from continuing operations to be in the range of $3.56 to $3.64. The Full Research Report on Illinois Tool Works Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/716e_ITW]

--

Cummins Inc. Research Report

On October 16, 2013, Cummins Westport Inc. (Cummins Westport), a joint venture of Cummins Inc. and Westport Innovations Inc. announced that it is receiving one of the inaugural "Energy Security Prize" Advanced Technology Awards from Securing America's Future Energy (SAFE). According to Cummins Westport, the Securing America's Future Energy prize recognizes emerging and advanced technologies that have the ability to significantly reduce the U.S.' dependence on petroleum based fuels. Commenting on the achievement, Jim Arthurs, President of Cummins Westport, stated, "Both of Cummins Westport's parent companies - Cummins Inc. and Westport Innovations Inc. - have been pioneers in the use of natural gas for transportation for more than 20 years. Our joint venture has been a major force in commercializing these engines and making them available for use in transit, refuse and truck applications in both North America and around the world. We appreciate the recognition of SAFE, and the honor of being one of the first recipients of this award." The Full Research Report on Cummins Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/95a9_CMI]

--

Masco Corporation Research Report  

On October 17, 2013, Williams Insulation, a wholly-owned subsidiary of Masco Corporation, announced its expansion into the Joplin, Missouri area. Richard Wilson, Division Manager of Williams Insulation, said, "We opened up our newest Williams Insulation location in Joplin to help better serve our growing customer base in the Southwest Missouri, Southeast Kansas, Northeast Oklahoma and Northwest Arkansas areas. With locally based Installation Product Specialists, we take pride in our local relationships and getting to be a part of the building process for both homeowners and builders." The Full Research Report on Masco Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2d08_MAS]

--

Parker-Hannifin Corporation Research Report

On October 18, 2013, Parker-Hannifin Corporation (Parker) announced its Q1 FY 2014 financial results (period ended September 30, 2013). The Company reported that its net sales increased 0.3% YoY to $3.2 billion during the quarter. The Company's net income attributable to common shareholders was $244.3 million or $1.61 per diluted share in Q1 FY 2014, compared to $239.7 million or $1.57 per diluted share in Q1 FY 2013. Commenting on the results, Parker's Chairman, CEO and President, Don Washkewicz said, "I am pleased that we delivered strong first quarter segment operating profit, earnings and cash flow performance in a mixed economic environment. Our order growth this quarter and near-term improvements in several key macroeconomic indicators support our revised guidance." Parker stated that it has raised its full year FY 2014 (period ending June 30, 2014) guidance for earnings from continuing operations to the range of $7.78 to $8.38 per diluted share. 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: [http://www.analystscorner.com/r/full_research_report/ba4f_PH]

----

EDITOR NOTES:

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Namrata Maheshwari, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
5. For any urgent concerns or inquiries, please contact us at [email protected].
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Namrata Maheshwari, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

AnalystsCorner.com

SOURCE Analysts' Corner