NEW YORK, November 17, 2016 /PRNewswire/ --
The Diversified Machinery space has exhibited strong growth over the last five years due to a rise in industrial production,
renewed investment in new machinery, and heightened activities in the segment's key downstream markets. However,
industry revenue this year is forecasted to slightly decline because of weak demand from the energy sector. Ahead of today's
trading session, Stock-Callers.com brings its focus on four equities, namely: Dover Corp. (NYSE: DOV), Ocean Power Technologies
Inc. (NASDAQ: OPTT), Xylem Inc. (NYSE: XYL), and Flowserve Corp. (NYSE: FLS). Learn more about these stocks by downloading their
free report at: http://stock-callers.com/registration
Dover
Illinois headquartered Dover Corp.'s stock finished Wednesday's session 1.24% lower at
$70.67 with a total volume of 929,991 shares traded. Over the last one month and the previous one
year, Dover's shares have gained 4.63% and 13.96%, respectively. Shares of the Company are trading above its 50-day and 200-day
moving averages by 2.00% and 5.13%, respectively. Dover's stock traded at a PE ratio of 22.81 and has a Relative Strength Index
(RSI) of 58.28.
On October 20th, 2016, research firm Stifel reiterated its 'Hold' rating on the
Company's stock with an increase of the target price from $65 a share to $72 a share.
As per notes filed with the SEC on November 16th, 2016, Dover voluntarily terminated
on November 14th, 2016, a $500 million unsecured term loan
facility, previously announced on September 16, 2016. The term loan facility was pursuant to a
Credit Agreement dated as of September 16th, 2016, among the Company, a syndicate of
thirteen banks, and JPMorgan Chase Bank N.A. as administrative agent. The free research report on DOV is available at: http://stock-callers.com/registration/?symbol=DOV
Ocean Power Technologies
Ocean Power Technologies Inc.'s stock advanced 5.87%, to close the day at $4.15. The stock
recorded a trading volume of 6.32 million shares, which was above its three months average volume of 1.22 million shares. Ocean
Power Technologies' shares have surged 23.51% in the previous one month and 70.08% in the past one year. Share of the Company are
trading 16.77% and 0.01% below its 50-day and 200-day moving averages, respectively. Additionally, the stock has an RSI of
57.83.
On October 21st, 2016, the company held its annual meeting of stockholders for the
fiscal year ended April 30th, 2016. During the meeting, stockholders re-elected board
members Terence J. Cryan, Dean J. Glover, George H. Kirby, Robert J. Burger, Steven M.
Fludder and Robert K. Winters to one-year terms among other things. The complimentary
report on OPTT can be downloaded at: http://stock-callers.com/registration/?symbol=OPTT
Xylem
On Wednesday, shares in Xylem Inc. recorded a trading volume of 1.97 million shares, which was higher than their three months
average volume of 1.25 million shares. The stock ended the day 0.73% lower at $54.35. Shares of the
Company are trading at a PE ratio of 30.16. Xylem's stock has gained 10.94% in the last one month, 8.44% in the previous three
months, and 48.98% in the past one year. The Company is trading above its 50-day and 200-day moving averages by 8.49% and 21.07%,
respectively. Furthermore, shares of Xylem have an RSI of 73.60.
On November 1st, 2016, Xylem reported Q3 2016 net income of $73 million, or $0.41 per share, a decrease of 15% year-over-year reflecting
higher restructuring, realignment, and acquisition-related costs. Adjusted net income in the quarter was $97 million, or $0.54 per share. Q3 2016 revenue was $897
million, which was down 1% from Q3 2015 and flat organically. Reported operating margin in Q3 2016 declined 110 basis
points to 12.2%. On an adjusted basis, operating margin grew 90 basis points to 14.6%.
On November 2nd, 2016, research firm Stifel reiterated its 'Hold' rating on the
Company's stock with an increase of the target price from $47 a share to $48 a share. Visit us today and download our complete research report on XYL for free at: http://stock-callers.com/registration/?symbol=XYL
Flowserve
On Wednesday, shares in Flowserve Corp. ended the session 0.04% higher at $45.64 with a total
volume of 1.26 million shares traded. Flowserve's shares have advanced 6.31% in the previous one month and 3.77% in the past one
year. The stock is trading 1.09% above its 50-day moving average and 0.09% above its 200-day moving average. Moreover, shares of
the Company are trading at a PE ratio of 40.18 and have an RSI of 60.22.
On October 28th, 2016, Flowserve delivered adjusted EPS of $0.52 on revenues of $943 million for Q3 2016. Reported gross and operating
margins were 28.1% and -0.3%. Adjusted gross and operating margins of 32.4% and 11.7% continued to be impacted by lower volumes
and under-absorption challenges, particularly in our Engineered and Industrial Product Divisions.
On October 31st, 2016, research firm Goldman upgraded the Company's stock rating from
'Sell' to 'Neutral'. Get free access to your technical report on FLS at: http://stock-callers.com/registration/?symbol=FLS
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