By PR Newswire, October 25, 2013, 08:00:00 AM EDT
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NEW YORK, October 25, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Lennar Corporation (NYSE:LEN), Illinois Tool Works Inc. (NYSE:ITW), Cummins Inc. (NYSE:CMI), Masco Corporation (NYSE:MAS) and Parker-Hannifin Corporation (NYSE:PH). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Lennar Corporation Research Report
On October 22, 2013, Lennar Corporation's (Lennar) stock gained 4.2%, ending the day at $36.17. Over the previous three trading sessions, shares of Lennar gained 2.3%, outperforming the S&P 500, which gained 1.2% during the same period. The Full Research Report on Lennar Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/c62c_LEN]
Illinois Tool Works Inc. Research Report
On October 21, 2013, Illinois Tool Works Inc. ( ITW ) announced its Q3 2013 financial results. The Company's operating revenues declined 4.4% YoY to $3.6 billion during the quarter. Net income was $452 million or $1.01 per diluted share in Q3 2013, compared to net income of $524 million or $1.12 per diluted share in Q3 2012. Commenting on the results, Scott Santi, ITW President and CEO of the Company, said, "We were pleased with our financial performance in the quarter and the progress we continue to make in executing our Enterprise initiatives. Third quarter operating margins of 19.0 percent were driven by an 80 basis point contribution from our enterprise initiatives. On a year-to-date basis, free cash flow conversion was solidly above 100 percent of net income, and our adjusted after-tax return on average invested capital was 16.3 percent, up 110 basis points versus the same period last year." ITW stated that it expects full-year 2013 net income per diluted share from continuing operations to be in the range of $3.56 to $3.64. The Full Research Report on Illinois Tool Works Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/716e_ITW]
Cummins Inc. Research Report
On October 16, 2013, Cummins Westport Inc. (Cummins Westport), a joint venture of Cummins Inc. and Westport Innovations Inc. announced that it is receiving one of the inaugural "Energy Security Prize" Advanced Technology Awards from Securing America's Future Energy (SAFE). According to Cummins Westport, the Securing America's Future Energy prize recognizes emerging and advanced technologies that have the ability to significantly reduce the U.S.' dependence on petroleum based fuels. Commenting on the achievement, Jim Arthurs, President of Cummins Westport, stated, "Both of Cummins Westport's parent companies - Cummins Inc. and Westport Innovations Inc. - have been pioneers in the use of natural gas for transportation for more than 20 years. Our joint venture has been a major force in commercializing these engines and making them available for use in transit, refuse and truck applications in both North America and around the world. We appreciate the recognition of SAFE, and the honor of being one of the first recipients of this award." The Full Research Report on Cummins Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/95a9_CMI]
Masco Corporation Research Report
On October 17, 2013, Williams Insulation, a wholly-owned subsidiary of Masco Corporation, announced its expansion into the Joplin, Missouri area. Richard Wilson, Division Manager of Williams Insulation, said, "We opened up our newest Williams Insulation location in Joplin to help better serve our growing customer base in the Southwest Missouri, Southeast Kansas, Northeast Oklahoma and Northwest Arkansas areas. With locally based Installation Product Specialists, we take pride in our local relationships and getting to be a part of the building process for both homeowners and builders." The Full Research Report on Masco Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2d08_MAS]
Parker-Hannifin Corporation Research Report
On October 18, 2013, Parker-Hannifin Corporation (Parker) announced its Q1 FY 2014 financial results (period ended September 30, 2013). The Company reported that its net sales increased 0.3% YoY to $3.2 billion during the quarter. The Company's net income attributable to common shareholders was $244.3 million or $1.61 per diluted share in Q1 FY 2014, compared to $239.7 million or $1.57 per diluted share in Q1 FY 2013. Commenting on the results, Parker's Chairman, CEO and President, Don Washkewicz said, "I am pleased that we delivered strong first quarter segment operating profit, earnings and cash flow performance in a mixed economic environment. Our order growth this quarter and near-term improvements in several key macroeconomic indicators support our revised guidance." Parker stated that it has raised its full year FY 2014 (period ending June 30, 2014) guidance for earnings from continuing operations to the range of $7.78 to $8.38 per diluted share. The Full Research Report on Parker-Hannifin Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/ba4f_PH]
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