This morning’s research on Stock-Callers.com is directed to four Diversified Machinery companies, namely: General Electric Co. (NYSE: GE), Danaher Corp. (NYSE: DHR), Honeywell International Inc. (NYSE: HON), and Eaton Corp. PLC (NYSE: ETN). These stocks belong in the Industrial Goods sector, which has been rated “Market Perform” by research firm Charles Schwab. Learn more about these stocks by accessing their free research reports at:
Fairfield, Connecticut headquartered General Electric Co.’s shares gained 0.10%, closing Tuesday’s trading session at $31.30. The stock recorded a trading volume of 20.11 million shares. The Company’s shares have advanced 3.47% in the previous three months and 2.05% since the start of this year. The stock is trading 0.74% above its 50-day moving average and 4.52% above its 200-day moving average. Additionally, shares of General Electric, which operates as an infrastructure and financial services company worldwide, have a Relative Strength Index (RSI) of 47.99.
On July 22nd, 2016, research firm Standpoint Research initiated a ‘Sell’ rating on the Company’s stock, issuing a target price of $26 per share.
On July 28th, 2016, GE announced that it has signed and closed the sale of a 14.4% limited partner interest in Penske Truck Leasing Co., L.P., a full-service truck leasing, rental, and logistics business, to Penske Automotive Group, Inc. The sale represents ending net investment of approximately $0.4 billion and leaves GE with a 15.5% limited partner interest in the business. Free research report on GE is available at:
On Tuesday, Washington, the District of Columbia headquartered Danaher Corp.’s stock recorded a trading volume of 1.59 million shares, and fell 0.10%, ending the day at $81.20. The Company’s shares have advanced 1.40% in the last month, 9.11% in the previous three months, and 15.70% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.03% and 12.73%, respectively. Furthermore, shares of Danaher, which designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide, have an RSI of 60.54.
On July 11th, 2016, research firm Barclays reiterated its ‘Overweight’ rating on the Company’s stock with a decrease of the target price from $105 a share to $86 a share.
On July 25th, 2016, Danaher announced that net earnings from continuing operations were $656.7 million, or $0.94 per diluted share on a GAAP basis, for Q2 2016, which represents a 5% year-over-year decrease. Non-GAAP adjusted diluted net earnings per share from continuing operations for Q2 2016 was $1.25 per share. For Q2 2016, the company reported that revenues increased 16.5% year-over-year to $5.8 billion, with core revenue growth of 2.0% (non-GAAP). The complimentary research report on DHR can be downloaded at:
Morris Plains, New Jersey-based Honeywell International Inc.’s stock finished the day 0.19% higher at $116.26 and with a total trading volume of 1.66 million shares. The Company’s shares have gained 1.68% in the previous three months and 13.48% since the start of this year. The stock is trading above its 200-day moving average by 7.43%. Additionally, shares of Honeywell International, which operates as a diversified technology and manufacturing company worldwide, have an RSI of 47.66.
On July 19th, 2016, the Board of Directors of Honeywell declared a regular quarterly dividend of $0.5950 per share on the company’s outstanding common stock. The dividend is payable on September 9th to shareowners of record at the close of business on August 19th, 2016. Visit us today and access our complete research report on HON at:
Shares in Dublin, Ireland-based Eaton Corp. PLC ended yesterday’s session 0.02% higher at $65.84. The stock recorded a trading volume of 2.45 million shares, which was higher than its three months average volume of 2.35 million shares. The Company’s shares have advanced 6.46% in the last month, 6.98% in the previous three months, and 30.09% on an YTD basis. The stock is trading 6.90% above its 50-day moving average and 15.53% above its 200-day moving average. Moreover, shares of Eaton, which operates as a power management company worldwide, have an RSI of 67.74.
On July 14th, 2016, research firm Bank of America/ Merrill downgraded the Company’s stock rating from ‘Buy’ to ‘Neutral’.
On August 2nd, 2016, Eaton announced that net income and operating earnings per share were $1.07 for Q2 2016. The company’s operating earnings per share for Q2 2016 were down 8% from Q2 2015, while sales in Q2 2016 were $5.1 billion, 5% lower than the same period in 2015. Get free access to your research report on ETN at: