NEW YORK, January 6, 2017 /PRNewswire/ --
In today's pre-market research, Stock-Callers.com recalls the most recent performances of Cummins Inc. (NYSE: CMI), Xylem Inc.
(NYSE: XYL), Ocean Power Technologies Inc. (NASDAQ: OPTT), and Flowserve Corp. (NYSE: FLS). These stocks belong to the
Diversified Machinery industry which is primarily focused on manufacturing and selling industrial machinery products to
other businesses. The group's dividend yield is below average, which is similar to most industries in the Industrial Goods
sector. Register now and get full and free access to our downloadable research reports on these stocks at:
http://stock-callers.com/registration
Cummins
At the close on Thursday, shares in Columbus, Indiana headquartered Cummins Inc. saw a drop
of 1.35%, ending the day at $137.75. The stock recorded a trading volume of 1.27 million shares.
The Company's shares have advanced 6.56% in the previous three months and 0.79% since the start of this year. The stock is
trading above its 50-day and 200-day moving averages by 1.58% and 13.81%, respectively. Moreover, 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 52.15.
On January 04th, 2017, Cummins Inc. and Cummins Ltd announced that they have reached agreement
to resolve patent infringement claims against ADP Distributors Inc. and ADP Distributors USA,
Inc., which do business as Rotomaster. The Consent Judgment reflecting these terms was entered by the US District Court in
Indianapolis, Indiana on August 16th 2016. Access our complete
research report on CMI for free at:
http://stock-callers.com/registration/?symbol=CMI
Xylem
Shares in Rye Brook, New York headquartered Xylem Inc. ended the day 0.91% lower at
$49.93. A total volume of 1.85 million shares was traded, which was above their three months
average volume of 1.36 million shares. Since the start of this year, the stock has gained 0.83%. The Company's shares are trading
above their 200-day moving average by 5.69%. Furthermore, shares of Xylem, which engages in the design, manufacture, and
application of engineered technologies for the water and wastewater applications, have an RSI of 47.50.
On November 01st, 2016, Xylem reported Q3 2016 net income of $73
million, or $0.41 per share, a decrease of 15% y-o-y reflecting higher restructuring,
realignment, and acquisition-related costs. The Company's Q3 2016 revenue was $897 million, which
was down 1% from Q3 2015. Reported operating margin in Q3 2016 declined 110 basis points to 12.2%. The complimentary research
report on XYL can be downloaded at:
http://stock-callers.com/registration/?symbol=XYL
Ocean Power Technologies
On Thursday, shares in Pennington, New Jersey headquartered Ocean Power Technologies Inc.
finished 7.64% higher at $3.24. A total volume of 1.74 million shares was traded, which was higher
than their three months average volume of 1.34 million shares. The stock has advanced 9.83% on an YTD basis. The Company's shares
are trading above their 50-day moving average by 5.33%. 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 an RSI of 56.34.
On December 05th, 2016, Ocean Power Technologies and Sonalysts, Inc. announced that they are
partnering to explore and pursue mutual opportunities through a joint marketing agreement in defense and oil and gas applications
where persistent power, and real-time data collection, processing, and transmission are critical. Ocean Power Technologies' PB3
PowerBuoy® is a reliable and persistent power and communication platform for remote offshore applications that enables the use of
advanced multi-functional sensors and autonomous underwater vehicles. End-users can apply the PB3 to a suite of mission critical
payloads while extending their range of operation, lowering their operational costs, and enabling real-time data transfer and
decision making. Register for free on Stock-Callers.com and get access to the latest PDF format report on OPTT at:
http://stock-callers.com/registration/?symbol=OPTT
Flowserve
Irving, Texas headquartered Flowserve Corp.'s shares recorded a trading volume of 1.18
million shares at the end of yesterday's session. The stock closed the day 1.84% lower at $48.65.
The Company's shares have advanced 1.25% in the previous three months and 1.25% on an YTD basis. The stock is trading above its
50-day and 200-day moving averages by 4.45% and 4.74%, respectively. Additionally, shares of Flowserve, which designs,
manufactures, distributes, and services industrial flow management equipment worldwide, have an RSI of 54.60.
On December 12th, 2016, research firm Robert W. Baird downgraded the Company's stock rating from
'Neutral' to 'Underperform', with a target price of $42 per share.
On December 23rd, 2016, Flowserve amended its "shareholder of record date" to January 03rd, 2017 for its recently announced quarterly cash dividend of $0.19
per share on the Company's outstanding shares of common stock. The dividend is payable on January 13th,
2017, to shareholders of record as of the close of business on January 03rd, 2017. Download
your free research report on FLS at:
http://stock-callers.com/registration/?symbol=FLS
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