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      Top 10 Machinery Manufacture Stocks to Watch - Stocks Telegraph

      By Hasnain R

      Published on

      September 15, 2020

      9:51 AM UTC

      Last Updated on

      October 22, 2021

      6:49 AM UTC

      Top 10 Machinery Manufacture Stocks to Watch - Stocks Telegraph

      Industrial machines played a very important role in reducing the efforts of humans and also increases the efficiency and speed of work. The machinery industry is closely related to economic conditions. Industrial machinery manufacturers are engaged in the usage of the Industrial Internet of things for faster production and delivery of industrial machinery to customers. Using technology in the industrial machinery sector enhanced production efficiency & lower manufacturing costs.

      2020 is the year of challenges and opportunities for the Specialty Industrial Machinery industry.  It is anticipated that the increasing population and high disposable income among middle-class people will increase the growth of the industrial machinery market. Rapid technological changes and industrialization has played a very important role in the growth of industrial market size.

      Here are some leading companies in the Specialty Industrial Machinery Industry that are changing with evolving technologies:

      General Electric Company (NYSE: GE)

      General Electric Company (NYSE: GE) shares were trading up 3.36% at $6.15 at the time of writing on Monday. General Electric Company (NYSE: GE) share price went from a low point around $5.48 to briefly over $13.26 in the past 52 weeks, though shares have since pulled back to $6.15. GE market cap has remained high, hitting $54.29B at the time of writing, giving it a price-to-sales ratio of more than 0.

      General Electric Company has recently secured an Onshore wind turbine deal in Austria. As per the deal, the General Electic company will deliver 30 of its advanced Cypress turbines which are capable of operating at 5.5 MW. Both companies will work on installing the turbines at PÜSPÖK Group’s two wind farm facilities based in the Burgenland region. The installation of the turbines is anticipated to start in the first quarter of 2021. If we look at the recent analyst rating GE, Argus reiterated coverage on GE shares with a Buy rating and a $7.75 price target, which implies room for 1.6% upside momentum this year.

      Welbilt Inc. (NYSE: WBT)

      Welbilt Inc. (NYSE: WBT) last closed at $7.24, in a 52-week range of $3.17 to $19.81. Analysts have a consensus price target of $8.88. Welbilt Inc. (WBT) is scheduled to participate in the upcoming two conferences including Morgan Stanley’s Virtual 8th Annual Laguna Conference on September 15th and C.L. King’s 2020 Virtual Best Ideas Conference on September 16th. Welbilt Inc.’s market capitalization has remained high, hitting $1.03 billion at the time of writing.

      Otis Worldwide Corporation (NYSE: OTIS)

      Otis Worldwide Corporation (NYSE: OTIS) fall -0.25% after losing more than -$0.15 on Monday. Otis Worldwide Corporation (NYSE: OTIS)  has previously revealed that it has commissioned a study into elevator airflow, how it affects the risk of transmission of the COVID-19 virus among passengers, and how to mitigate those risks through science-based safety protocols. Otis Worldwide Corporation moved up 57.87% from its 52-weeks low and moved down -9.04% from its 52-weeks high.

      3M Company (MMM)

      3M Company (MMM) last closed at $168.46, in a 52-week range of $114.04 to $182.54. Analysts have a consensus price target of $163.00. 3M Company (MMM) is scheduled to participate in the upcoming Morgan Stanley Virtual 8th Annual Laguna Conference which is scheduled to take place on September 17, 2020. 3M Company has a total market capitalization of $95.27 billion at the time of writing.

      Ingersoll Rand Inc. (NYSE: IR)

      Ingersoll Rand Inc. (NYSE: IR) shares headed rising, higher as much as 0.94%. The most recent rating by Goldman, on June 15, 2020, is at a Neutral. Ingersoll Rand Inc. (NYSE: IR) is scheduled to participate in the 2020 Morgan Stanley Laguna Conference on Tuesday, September 15. Previously, it has disclosed that it has acquired Montelimar, France-based Albin Pump SAS. The transaction value wasn’t disclosed yet and was financed with available cash.

      Xylem Inc. (NYSE: XYL)

      Xylem Inc. (NYSE: XYL) fall -0.40% after losing more than -$0.34 on Monday. Previously, Xylem Inc. (XYL) disclosed that its President and CEO, Patrick Decker, and Vice President of Investor Relations, Matt Latino, will participate in a virtual fireside chat hosted by RBC analyst Deane Dray on Tuesday, September 15, 2020,

      Mueller Water Products Inc. (NYSE: MWA)

      Mueller Water Products Inc. (NYSE: MWA) last closed at $10.86, in a 52-week range of $6.64 to $12.71. Mueller Water Products to Participate in the 2020 RBC Capital Markets Global Industrials Virtual Conference. Analysts have a consensus price target of $11.70.

      Howmet Aerospace Inc. (NYSE: HWM)

      Howmet Aerospace Inc. (NYSE: HWM) stock soar by 3.31% to $18.39. The most recent rating by Barclays, on September 10, 2020, is at an Overweight. Howmet Aerospace Inc. (HWM) share price went from a low point around $8.72 to briefly over $26.27 in the past 52 weeks, though shares have since pulled back to $18.39. Howmet Aerospace Inc. market cap has remained high, hitting $7.65 billion at the time of writing.

      Emerson Electric Co. (NYSE: EMR)

      Emerson Electric Co. (NYSE: EMR) Shares headed rising, higher as much as 0.40%. The most recent rating by Berenberg, on August 20, 2020, is at a Buy. In the 52-weeks of trading, Emerson Electric Co. (EMR) stock fluctuated between the low range of $37.75 and a high range of $78.38. It has moved up 80.64% from its 52-weeks low and moved down 13.00% from its 52-weeks high. Emerson Electric Co.’s market capitalization has remained high, hitting $40.50 billion at the time of writing.

      Honeywell International Inc. (NYSE: HON)

      Honeywell International Inc. (NYSE: HON) stock soar by 1.21% to $168.47. The most recent rating by RBC Capital Mkts, on August 11, 2020, is at a Sector perform. Honeywell International Inc. (HON) share price went from a low point of around $101.08 to briefly over $184.06 in the past 52 weeks, though shares have since pulled back to $168.47. Honeywell International Inc.’s market cap has remained high, hitting $116.68 billion at the time of writing.

       

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