Research Reports Initiation on Machinery Stocks -- Ocean Power Technologies, Flowserve, ITT Inc., and Roper Technologies
NEW YORK, February 15, 2017 /PRNewswire/ --
Stock-Callers.com has lined up four Diversified Machinery equities for evaluation this morning, and they are Ocean Power Technologies Inc. (NASDAQ: OPTT), Flowserve Corp. (NYSE: FLS), ITT Inc. (NYSE: ITT), and Roper Technologies Inc. (NYSE: ROP). These companies belong to the Industrial Goods sector which includes manufacturers and distributors of capital goods such as aerospace and defense, building products, electrical equipment, and machinery. Learn more about these stocks by downloading their free report at:
http://stock-callers.com/registration
Ocean Power Technologies
Pennington, New Jersey headquartered Ocean Power Technologies Inc.'s stock finished Tuesday's session 2.59% higher at $2.77 with a total trading volume of 239,481 shares. The Company's shares have advanced 2.59% in the previous three months. The stock is trading 8.98% below its 50-day moving average. Additionally, shares of Ocean Power Technologies, which develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves primarily in North America, Europe, Asia, and Australia, have a Relative Strength Index (RSI) of 45.16.
On February 06th, 2017, Ocean Power and HAI Technologies Corp. announced a strategic alliance to pursue mutual opportunities through a joint applications development and marketing agreement with an initial focus on offshore oil and gas subsea chemical injection systems where persistent power and real-time data communications are critical. The free research report on OPTT is available at:
http://stock-callers.com/registration/?symbol=OPTT
Flowserve
On Tuesday, shares in Irving, Texas headquartered Flowserve Corp. recorded a trading volume of 1.72 million shares, which was higher than their three months average volume of 1.25 million shares. The stock ended the session 1.11% lower at $50.93. The Company's shares have advanced 2.35% in the last one month, 11.57% over the previous three months, and 5.99% on an YTD basis. The stock is trading 2.66% above its 50-day moving average and 7.83% above its 200-day moving average. Moreover, shares of Flowserve, which designs, manufactures, distributes, and services industrial flow management equipment worldwide, have an RSI of 56.55.
On January 23rd, 2017, research firm Seaport Global Securities upgraded the Company's stock rating from 'Neutral' to 'Buy' while revising its previous target price from $48 a share to $60 a share.
On February 08th, 2017, Flowserve announced that R. Scott Rowe has been appointed President and CEO of the Company, effective April 01st, 2017. He succeeds Mark Blinn, who previously announced his intention to retire. Mr. Rowe will also join the Flowserve's Board of Directors. Mr. Rowe brings nearly 20 years of senior leadership and operational experience in the industry to Flowserve. He most recently served as President of the Cameron Group, a position he assumed in April 2016 following the merger between Schlumberger and Cameron International Corp. The complimentary report on FLS can be downloaded at:
http://stock-callers.com/registration/?symbol=FLS
ITT Inc.
Shares in White Plains, New York headquartered ITT Inc. closed the day 0.88% lower at $41.90. The stock recorded a trading volume of 842,103 shares, which was higher than its three months average volume of 672,030 shares. The Company's shares have gained 8.76% in the previous three months and 8.63% on an YTD basis. The stock is trading 2.16% and 15.33% above its 50-day and 200-day moving averages, respectively. Additionally, shares of ITT, which manufactures and sells engineered critical components and customized technology solutions for the energy, transportation, and industrial markets worldwide, have an RSI of 55.37.
On February 14th, 2017, ITT announced that it is increasing its quarterly dividend to $0.128 per share on the Company's outstanding stock. ITT's Board of Directors has approved the cash dividend for Q1 2017, which will be payable on April 03rd, 2017, to shareholders of record as of the close of business on March 13th, 2017. Visit us today and download our complete research report on ITT for free at:
http://stock-callers.com/registration/?symbol=ITT
Roper Technologies
At the close of trading on Tuesday, shares in Sarasota, Florida-based Roper Technologies Inc. finished 0.18% lower at $205.37. The stock recorded a trading volume of 461,508 shares. The Company's shares have advanced 8.95% in the last one month, 14.98% over the previous three months, and 12.39% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 9.36% and 15.73%, respectively. Furthermore, shares of Roper Technologies, which designs and develops license and software-as-a-service software, and engineered products and solutions, have an RSI of 82.31.
On February 09th, 2017, Roper Technologies announced that Q4 2016 GAAP diluted earnings per share were $1.78 and adjusted diluted earnings per share were $1.86. The Company's GAAP revenue and adjusted revenue each increased 7% to $1.011 billion and $1.018 billion, respectively. Orders increased 17% to $1.085 billion in Q4 2016 compared to $924.07 million in Q4 2015. Roper Technologies' GAAP gross margin increased 60 basis points on a y-o-y basis to 62.0%. Get free access to your technical report on ROP at:
http://stock-callers.com/registration/?symbol=ROP
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]. Rohit Tuli, 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