NEW YORK, July 20, 2016 /PRNewswire/ --
Due to increased need and demand for equipment, the Diversified
Machinery space has become highly competitive with growth
opportunities present. Stock-Callers.com looks at how current
trends are impacting these four companies under review: Cummins
Inc. (NYSE: CMI), Ocean Power Technologies Inc. (NASDAQ: OPTT),
Actuant Corp. (NYSE: ATU), and Rexnord Corp. (NYSE: RXN). Learn
more about these stocks by accessing their free notes at:
http://stock-callers.com/registration
Cummins
Columbus, Indiana
headquartered Cummins Inc.'s stock finished Tuesday's session
1.46% lower at $116.47 with a total
volume of 1.54 million shares traded. The Company's shares have
advanced 2.01% in the past month and 34.80% on an YTD basis. The
stock is trading above its 50-day and 200-day moving averages by
2.50% and 13.36%, respectively. Furthermore, shares of Cummins,
which designs, manufactures, distributes, and services diesel and
natural gas engines, and engine-related component products, have a
Relative Strength Index (RSI) of 55.43.
On July 13th, 2016,
Cummins announced that its Board of Directors has authorized an
increase in the Company's quarterly cash dividend on common stock
from 97.5 cents per share to
$1.025 per share, payable on
September 1st, 2016, to
shareholders of record on August
22nd, 2016.
On July 14th, 2016,
research firm Standpoint Research downgraded the Company's stock
rating from 'Buy' to 'Hold'. See our complete notes on CMI at:
http://stock-callers.com/registration/?symbol=CMI
Ocean Power Technologies
On Tuesday, shares in Pennington, New
Jersey headquartered Ocean Power Technologies Inc. ended the
session at $7.91, soaring 23.79%. The
stock recorded a trading volume of 14.13 million shares, much above
its three months average volume of 1.17 million shares. The
Company's shares have skyrocketed 149.53% in the last one month,
309.84% in the previous three months, and 276.67% since the start
of this year. The stock is trading 178.30% above its 50-day moving
average and 230.37% above its 200-day moving average. Moreover,
shares of Ocean Power Technologies, which develops and
commercializes proprietary systems that generate electricity by
harnessing the renewable energy of ocean waves primarily in
the United States, Europe, Asia,
and Australia, have an RSI of
72.72.
On July 14th, 2016,
Ocean Power Technologies announced the deployment of its commercial
design of the PB3 PowerBuoy® approximately four miles off of the
coast of New Jersey. The
commercial PB3 incorporates multiple enhancements over early
prototypes which the company believes allows for faster and less
costly deployment. OPTT free notes are just a click away at:
http://stock-callers.com/registration/?symbol=OPTT
Actuant
Menomonee Falls, Wisconsin
headquartered Actuant Corp.'s stock ended yesterday's session 0.75%
lower at $23.91 and with a total
volume of 220,030 shares traded. Shares of the Company, which
designs, manufactures, and distributes a range of industrial
products and systems worldwide, are trading 0.20% above their
200-day moving average.
On June 23rd, 2016,
research firm RBC Capital Markets reiterated its 'Outperform'
rating with a decrease of the target price to $27 a share from $30 a share for the Company's stock.
On July 20th, 2016,
Actuant Corp. announced that its Board of Directors authorized an
annual dividend of $0.04 per common
share, payable on October
14th, 2016 to shareholders of record at the close
of business on September
30th, 2016. Sign up for your complimentary notes
on ATU at:
http://stock-callers.com/registration/?symbol=ATU
Rexnord
At the close on Tuesday, Milwaukee,
Wisconsin based Rexnord Corp.'s stock recorded a trading
volume of 312,665 shares and finished 0.94% lower at $21.11. The Company's shares have gained 16.50%
on an YTD basis. The stock is trading above its 50-day and 200-day
moving averages by 2.33% and 10.07%, respectively. Furthermore,
shares of Rexnord, which designs, manufactures, and markets process
and motion control, and water management products worldwide, have
an RSI of 58.71.
On June 23rd, 2016,
research firm Robert W. Baird downgraded the Company's stock
ratings from 'Outperform' to 'Neutral', issuing a target price of
$22 a share.
On July 18th, 2016,
Rexnord Corp. announced that it will hold a conference call and
webcast presentation on August
2nd, 2016 at 7:00 a.m.
Central Time to discuss its first quarter fiscal year 2017
financial results, which will be released after market close on
August 1st, 2016. Register
for free on Stock-Callers.com and access the latest notes on RXN
at:
http://stock-callers.com/registration/?symbol=RXN
--
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