On Monday, Caterpillar Inc. (NYSE:CAT)’s shares inclined 0.88% to $88.29.
To assist customers around the world optimize parts performance and further understand the health of their equipment, Caterpillar Inc. (CAT) has reached a planned alliance with Modustri, a provider of service and measurement technologies for use in the field. Caterpillar and Modustri will work together to develop innovations that enhance Cat® customers’ abilities to measure wear on parts like never before. In turn, these technologies will assist customers optimize their fleets more effectively.
By utilizing web-based and mobile platforms, the companies will deliver simplified processes that provide customers accurate, immediate access to useful, real-time data while still in the field. This technology could save customers hundreds of hours and millions of dollars by proactively assisting Cat dealers and customers better measure wear rates and manage wear parts replacements — counting those from other suppliers.
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. The companys Construction Industries segment offers backhoe, small wheel, skid steer, multi-terrain, compact track, medium and compact wheel, and track-type loaders; mini, wheel, and track excavators; track-type tractors; and select work tools, motor graders, telehandlers, soil compactors, and pipelayers, in addition to its related parts for the heavy and general construction, rental, mining and quarry, and aggregates markets. Its Resource Industries segment provides electric rope and hydraulic shovels; draglines; drills; highwall and longwall miners; hard rock vehicles; articulated, large mining, and off-highway trucks; large wheel loaders; wheel tractor scrapers; wheel dozers; machinery components; and electronics and control systems for use in mining and quarry applications.
Southern Co (NYSE:SO)’s shares dropped -0.51% to $42.51.
Day & Zimmermann Awarded Fleet Maintenance and RP Contracts by Southern Co (SO).
Day & Zimmermann (D&Z), the century-old, family-owned provider of construction and engineering, staffing and defense solutions for leading corporations and governments around the world, declared recently that its Engineering, Construction & Maintenance group has been awarded a six-year alliance contract by Southern Nuclear to provide fleet maintenance and modifications services at the company’s six nuclear reactors at three locations: the Alvin W. Vogtle Electric Generating Plant (Unit 1 and Unit 2) near Waynesboro, GA.; the Edwin I. Hatch Nuclear Plant near Baxley, GA.; and the Joseph M. Farley Nuclear Plant near Dothan, AL. The company also declared the award of a three-year staff augmentation contract to provide Southern Nuclear with Radiation Protection and Decontamination services fleet-wide.
D&Z is one of the nation’s leading providers of total plant lifecycle solutions for the power, process and industrial markets and has comprising been ranked as the #1 operations and maintenance contractor in the U.S. power industry by Engineering News-Record in its Top 400 Contractors Sourcebook.
The Southern Company, together with its auxiliaries, operates as a public electric utility company. It is involved in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources in the states of Alabama, Georgia, Florida, and Mississippi. The company also constructs, acquires, owns, and manages generation assets, counting renewable energy projects. As of December 31, 2014, it operated 33 hydroelectric generating stations, 33 fossil fuel generating stations, 3 nuclear generating stations, 13 combined cycle/cogeneration stations, 9 solar facilities, 1 biomass facility, and 1 landfill gas facility.
At the end of Mondays trade, Mead Johnson Nutrition CO (NYSE:MJN)‘s shares surged 0.10% to $91.29.
Mead Johnson Nutrition CO (MJN) declared that its board of directors has declared a regular quarterly dividend of $0.4125 per share for the quarter ending June 30, 2015.
The dividend will be paid on July 2, 2015, to shareholders of record at close of business on June 22, 2015.
Mead Johnson Nutrition Company manufactures, distributes, and sells infant formulas, childrens nutrition, and other nutritional products. It offers routine infant formula products as a breast milk substitute for healthy infants for the use as the infants source of nutrition, in addition to a supplement to breastfeeding under the Enfamil Premium, Enfapro Premium, Enfamil A+, and Enfalac A+ names; and solutions products to address common feeding tolerance problems, counting spit-up, fussiness, gas, and lactose intolerance under the Enfamil Gentlease and Enfamil A.R names.
Progressive Corp (NYSE:PGR), ended its Monday’s trading session with 1.07% gain, and closed at $28.38.
Progressive Corp (PGR) may be an interesting play thanks to its forward PE of 14.53, its P/S ratio of 0.84, and its decent dividend yield of 2.44%. These factors suggest that Progressive Corp. is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that PGR has decent revenue metrics to back up its earnings.
But before you think that Progressive Corp. is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 3.8% in the past 30 days, thanks to 7 upward revisions in the past one month contrast to no downward revision.
This estimate strength is actually enough to push PGR to a Zacks Rank #2 (Buy), suggesting it is poised to outperform. So really, Progressive Corp. is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
The Progressive Corporation, an insurance holding company, provides personal and commercial property-casualty insurance, and other specialty property-casualty insurance and related services primarily in the United States. The company’s property-casualty insurance products protect its customers against losses due to collision and physical damage to their motor vehicles, uninsured and underinsured bodily injury, and liability to others for personal injury or property damage arising out of the use of those vehicles. Its Personal Lines segment writes insurance for personal autos and recreational and other vehicles.
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