Category: Industrial Machines

3M’s an Income Buy That’s Going Higher

There’s no denying 3M’s enduring ability to drive value. Over the past 15 years, the company has outperformed other diversified industrial companies as well as the S&P 500 What’s most reassuring about 3M is its rock-solid dividend , which it has raised for nearly six decades.

Nikkei Falls on Strong Yen, N.Korea Missile Launches

Japanese shares fell on Monday in thin trade as the yen firmed and as global geopolitical tensions rose after North Korea fired four missiles, three of which landed in Japan’s exclusive economic zone. Landmine maker Ishikawa Seisakusho jumped 5.1 percent, while Mitsubishi Heavy Industries rose 0.2 percent and Kawasaki Heavy Industries 0.3 percent.

Manitowoc CEO: Trumpa s Infrastructure Plan Will Help Rehire Our Workers

Manitowoc Company CEO & president Barry Pennypacker on Trump's $1 trillion infrastructure plan, and how a border tax would impact his company. “Crumbling infrastructure will be replaced with new roads, bridges, tunnels, airports and railways gleaming across our very, very beautiful land,” Trump said in his first address to a joint session of Congress on Tuesday.

Deere 1Q Profit Beats Estimates, Raises Forecast

U.S. farm equipment maker Deere & Co reported a better-than-expected quarterly profit and raised its fiscal 2017 equipment sales forecast as it expects key farm markets to stabilize this year. Deere’s sales have been hit in the past few years as bumper corn and soybeans harvests have driven down prices, leaving farmers with less cash to spend on equipment.

Deere Raises Profit Forecast as It Sees Signs of Recovery

Deere & Co., the world’s largest manufacturer of farming machinery, raised its 2017 profit forecast and said there are signs the worst may be over in a market that’s suffered a sustained slump lasting years. Net income will be about $1.5 billion in the year through October, Deere said Friday in a statement, exceeding both its own previous forecast and the average estimate among analysts, both of which were $1.4 billion.

Bridgestone in $1.3 Billion Share Buyback After Profit Drop

Bridgestone Corp. said it will purchase up to 150 billion yen in the Japanese tiremaker’s biggest stock buyback since at least 2000 to improve capital efficiency and boost enterprise value. The Tokyo-based company will buy back as many as 50 million shares, or 6.4 percent of stock outstanding, and cancel them in addition to another 20 million in treasury stock, it said in a statement on Friday.

Profits jump 25 percent at Germany’s Siemens

Siemens AG, the German maker of gas turbines, trains and medical machines, says net income rose 25 percent to 1.93 billion euros for its most recent quarter. The Munich-based company said Tuesday the strong performance in the last three months of the year – the company’s fiscal first quarter – allowed it to raise its outlook for the full fiscal year.

Buffett’s Berkshire Buys German Pipe Company, Handelsblatt Says

One of Warren Buffett’s largest units at Berkshire Hathaway Inc. agreed to buy Wilhelm Schulz GmbH, a closely held German maker of piping components, as the billionaire’s deputies seek deals to expand, Handelsblatt reported. Mark Donegan, chief executive officer of Berkshire’s Precision Castparts unit, confirmed it’s buying Wilhelm Schulz but declined to elaborate on terms, the newspaper said.

Hottest Thing in LNG Is Producing Power as Record Glut Looms

Seeking new ways to market their product, producers of liquefied natural gas are turning to an age-old technique: packaging. As demand for electricity booms in developing nations from South Africa to Chile, LNG producers are offering to supply both fuel and a power plant in partnership agreements that can lock in consumption of their product for years.

AdvanSix: Jim Cramer’s Top Takeaways

Breaking up is a great way to create value for shareholders, Cramer reminded his “Mad Money” viewers Wednesday, as he took a closer look at AdvanSix , the recent spinoff from long-time Cramer fav Honeywell . Cramer explained that after its failed merger attempt with United Technologies last year, Honeywell crafted a new plan: to spin off its nylon and fertilizer business as AdvanSix, which began trading as an independent company in September.

Is Danaher Corporation Stock a Buy for 2017?

A heavy exposure to healthcare and environmental solutions used to make it the go-to stock when analysts were concerned about an economic downturn. Furthermore, the more cyclical bits of the business have been bundled together and spun off into a new company called , leaving Danaher even more exposed to non-cyclical end markets.

Ingersoll-Rand Can Continue to Run Hot

For investors looking for an industrial stock that can outperform the S&P 500, has a history of beating estimates and is expanding margins, I suggest you look at Ingersoll-Rand , Ingersoll-Rand has a history of beating estimates and raising guidance on real organic growth and margin expansion. Unlike GE, IR has beaten the S&P 500 Index in the one-, two-, five- and 10-year periods.