How These Machinery Stocks are Faring? -- Cummins, Xylem, Ocean Power Technologies, and Flowserve

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

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 info@stock-callers.com. 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: info@stock-callers.com
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