Technical Roundup on Select Industrial Goods' Stocks -- Kennametal, Stanley Black & Decker, Timken, and Goldfield

Jul 27, 2016, 08:00 ET from Chelmsford Park SA

NEW YORK, July 27, 2016 /PRNewswire/ --

In today's pre-market study, 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:


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:

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:

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 and access the latest notes on TKR at:


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:


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