Daily Technical Summary Reports on Machinery Stocks -- Rockwell Automation, Rexnord, Welbilt, and Xylem
NEW YORK, Nov. 8, 2017 /PRNewswire/ -- If you want a Stock Review on ROK, RXN, WBT, or XYL then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. For today, DailyStockTracker.com monitors Rockwell Automation Inc. (NYSE: ROK), Rexnord Corp. (NYSE: RXN), Welbilt Inc. (NYSE: WBT), and Xylem Inc. (NYSE: XYL). These companies belong to the Diversified Machinery category, which is primarily focused on manufacturing and selling industrial machinery products to other businesses. This group's dividend yield is below average, similar to most industries in the Industrial Goods sector. Register now and get full and free access to these DailyStockTracker.com research reports at:
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Rockwell Automation
On Tuesday, shares in Milwaukee, Wisconsin headquartered Rockwell Automation Inc. recorded a trading volume of 1.03 million shares, which was above their three months average volume of 632,130 shares. The stock ended at $200.83, rising 2.03% from the last trading session. The Company's shares have gained 9.58% in the last one month, 21.24% over the previous three months, and 49.43% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 11.97% and 23.17%, respectively. Furthermore, shares of Rockwell Automation, which provides industrial automation and information solutions worldwide, have a Relative Strength Index (RSI) of 70.69.
On November 02nd, 2017, research firm HSBC Securities downgraded the Company's stock rating from 'Hold' to 'Reduce'.
On November 06th, 2017, Rockwell Automation announced that Chris Nardecchia has joined the Company as Senior Vice President - information technology and Chief Information Officer. In this newly created leadership role that reports to president and CEO Blake Moret, Mr. Nardecchia will provide strategic vision, operational excellence, and change leadership to develop and implement information technology initiatives and architecture throughout the Company. Access our complete research report on ROK for free at:
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Rexnord
Milwaukee, Wisconsin-based Rexnord Corp.'s stock finished yesterday's session 0.96% lower at $24.79 with a total trading volume of 512,825 shares. The Company's shares have gained 1.18% over the previous three months and 26.54% on an YTD basis. The stock is trading above its 200-day moving average by 4.61%. Furthermore, shares of Rexnord, which designs, manufactures, and markets process and motion control, and water management products worldwide, have an RSI of 42.04.
On November 01st, 2017, Rexnord reported its results for Q2 FY18. Net sales for the quarter were $511 million, net income was $24 million, adjusted EPS was $0.32, and adjusted EBITDA was $98 million. The Company also increased its operating outlook for fiscal year 2018, projecting net income to be in a range of $95 million to $102 million, adjusted EBITDA to be in a range of $375 million to $385 million, and free cash flow to exceed net income. The complimentary research report on RXN can be downloaded at:
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Welbilt
At the close of trading on Tuesday, shares in New Port Richey, Florida headquartered Welbilt Inc. climbed 1.38%, ending the day at $21.29. The stock recorded a trading volume of 1.22 million shares, which was above its three months average volume of 980,020 shares. The Company's shares have advanced 9.12% in the previous three months and 10.14% since the start of this year. The stock is trading 6.57% above its 200-day moving average. Moreover, shares of Welbilt, which designs, manufactures, and services hot and cold category commercial foodservice equipment worldwide, have an RSI of 46.14.
On October 10th, 2017, research firm Longbow initiated a 'Neutral' rating on the Company's stock.
On November 01st, 2017, Welbilt announced that Hubertus Muehlhaeuser, President and CEO; Haresh Shah, Senior Vice President and CFO; and Rich Sheffer, Vice President Investor Relations, Risk Management and Treasurer, will present at the 2017 Robert W. Baird 2017 Global Industrial Conference on November 08th, 2017 at 2:30 p.m. ET at the Four Seasons Hotel in Chicago, Illinois. Register for free on DailyStockTracker.com and get access to the latest report on WBT at:
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Xylem
Rye Brook, New York headquartered Xylem Inc.'s shares ended the day 0.11% higher at $66.61 with a total trading volume of 517,968 shares. The stock has gained 3.03% in the last month, 11.56% over the previous three months, and 34.51% on an YTD basis. The Company's shares are trading 4.29% above their 50-day moving average and 20.39% above their 200-day moving average. Additionally, shares of Xylem, which engages in the design, manufacture, and service of engineered solutions for the water and wastewater applications, have an RSI of 62.30.
On October 12th, 2017, Xylem's Board of Directors has declared a fourth-quarter dividend of $0.18 per share, payable on December 06th, 2017, to shareholders of record as of November 02nd, 2017. Download your free research report on XYL at:
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