TMCnet News

Daily Technical Summary Reports on Machinery Stocks -- Rockwell Automation, Rexnord, Welbilt, and Xylem
[November 08, 2017]

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:

http://dailystocktracker.com/register/

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:

http://dailystocktracker.com/registration/?symbol=ROK

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:

http://dailystocktracker.com/registration/?symbol=RXN



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:

http://dailystocktracker.com/registration/?symbol=WBT

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:

http://dailystocktracker.com/registration/?symbol=XYL

Daily Stock Tracker:

Daily Stock Tracker (DST) 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. DST 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. 

DST 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 DST. DST 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

DST, 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. DST, 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, DST, 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 DST 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://dailystocktracker.com/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: (207)331-3313
Office Address: 377 Rivonia Boulevard, Rivonia, South Africa

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

View original content:http://www.prnewswire.com/news-releases/daily-technical-summary-reports-on-machinery-stocks----rockwell-automation-rexnord-welbilt-and-xylem-300551755.html

SOURCE dailystocktracker.com


[ Back To TMCnet.com's Homepage ]