Technical Roundup on Select Industrial Goods' Stocks -- Kennametal, Stanley Black & Decker, Timken, and Goldfield
NEW YORK, July 27, 2016 /PRNewswire/ --
In today's pre-market study, Stock-Callers.com directs investors' attention back to the Industrial Goods space to see how the overall sector is responding to the emergence of product innovations, market uncertainties, and energy disruptions. Stocks in focus are Kennametal Inc. (NYSE: KMT), Stanley Black & Decker Inc. (NYSE: SWK), The Timken Co. (NYSE: TKR), and Goldfield Corp. (NYSE MKT: GV). Learn more about these stocks by accessing their freenotes at: http://stock-callers.com/registration
Kennametal
Latrobe, Pennsylvaniaheadquartered Kennametal Inc.'s stock finished Tuesday's session 4.92% higher at $25.14 with a total volume of 992,773 shares traded. The Company's shares have advanced 12.23% in the past month, 5.75% in the previous three months, and 33.60% since the start of this year. The stock is trading 6.89% above its 50-day moving average and 11.18% above its 200-day moving average. Additionally, shares of Kennametal, which manufactures and supplies tooling, engineered components, and advanced materials consumed in production processes worldwide, have a Relative Strength Index (RSI) of 64.77.
On July 07th, 2016, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Neutral' to 'Underperform'.
As per the notes filed with the SEC on 05th, July, 2016, Kennametal announced that effective July 31st, 2016, John H. Jacko, Jr., will no longer serve as Vice President, Business Development of the Company. Mr. Jacko will remain an employee of Kennametal for transition purposes until November 1st, 2016. Visit us today and access our complete notes on KMT at: http://stock-callers.com/registration/?symbol=KMT
Stanley Black & Decker
On Tuesday, shares in New Britain, Connecticut headquartered Stanley Black & Decker Inc. recorded a trading volume of 1.24 million shares, which was above their three months average volume of 962,160 shares. The stock ended the session 0.77% higher at $122.42. The Company's shares have advanced 14.17% in the last one month, 9.08% over the previous three months, and 15.93% on an YTD basis. The stock is trading 7.84% above its 50-day moving average and 16.66% above its 200-day moving average. Moreover, shares of Stanley Black & Decker, which engages in tools and storage, security, and industrial product businesses in the U.S., have an RSI of 69.81.
On July 22nd, 2016, Stanley Black & Decker announced its Q2 2016 financial results. The company reported that 2Q'16 revenues totaling $2.9 billion, up 2% on y-o-y basis, while 2Q'16 diluted EPS was $1.84, up 19% from 2Q'15 on strong operational performance.
On July 25th, 2016, research firm Imperial Capital reiterated its 'In-line' rating with an increase of the target price to $125 a share from $107 a share for the Company's stock. The complimentary notes on SWKcan be accessed at: http://stock-callers.com/registration/?symbol=SWK
The Timken
North Canton, Ohioheadquartered The Timken Co.'s stock closed the day 2.76% higher at $31.99 and with a total volume of 530,392 shares traded. The Company's shares have gained 5.09% in the last month and 13.73% on an YTD basis. The stock is trading 4.38% above its 200-day moving average. Additionally, shares of Timken, which engineers, manufactures, and markets bearings, transmissions, gearboxes, and chain and related products worldwide, have an RSI of 53.97.
On July 08th, 2016, Timken announced that it has acquired Lovejoy, Inc., a manufacturer of premium industrial couplings and universal joints, for approximately $66 million. For the 12 months ending March 31st, 2016, Lovejoy sales were approximately $56 million.
On July 11th, 2016, research firm Avondale upgraded the Company's stock rating from 'Market Perform' to 'Market Outperform'. Register for free on Stock-Callers.com and access the latest notes on TKR at: http://stock-callers.com/registration/?symbol=TKR
Goldfield
At the close, shares in Melbourne, Florida-based Goldfield Corp. ended the day at $3.50, climbing 0.57%. The stock recorded a trading volume of 228,155 shares. The Company's shares have advanced 14.01% in the last one month, 62.79% in the previous three months, and 125.81% since the start of this year. The stock is trading above its 50-day and 200-daymoving averages by 10.82% and 74.14%, respectively. Furthermore, shares of Goldfield, which provides electrical construction services to electric utilities and industrial companies in the U.S., have an RSI of 51.85.
On June 16th, 2016, Goldfield announced that as a result of strong growth in electrical construction in recent years, the Company has reallocated responsibilities for its electrical construction operations to better serve future growth. John W. Davis III has been appointed executive vice-president of Power Corporation of America ("PCA") and will be primarily responsible for C and C Power Line, Inc., the Company's union electrical construction operations, and the foundation construction operations of Southeast Power Corporation ("SEP"). Robert L. Jones, former president of SEP, has been appointed interim President of PCA and SEP. Goldfield will be conducting a search for a permanent replacement for the positions assumed by Mr. Jones. Get free access to your notes on GV at: http://stock-callers.com/registration/?symbol=GV
--
Stock Callers:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. RohitTuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
SC, the Author, and the Reviewer are 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 whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do 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.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://stock-callers.com/legal-disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
Share this article