NEW YORK, September 12, 2016 /PRNewswire/ --

Ahead of today's trading session, Stock-Callers.com is closely reviewing the following Diversified Machinery equities: Ocean Power Technologies Inc. (NASDAQ: OPTT), 3M Co. (NYSE: MMM), Illinois Tool Works Inc. (NYSE: ITW), and ITT Inc. (NYSE: ITT). These stocks belong in the Industrials sector, which is involved in the production of construction and manufacturing goods. On September 01, 2016, research firm Charles Schwab has reiterated its "Market Perform" rating on the sector given some slight improvements in global manufacturing. Learn more about these stocks by downloading their comprehensive and free reports at: http://stock-callers.com/registration

Ocean Power Technologies  

Pennington, New Jersey headquartered Ocean Power Technologies Inc.'s shares finished Friday's session 2.22% lower at $7.94 with a total volume of 578,030 shares traded. The stock has surged 123.66% in the previous three months and 278.10% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 5.37% and 126.68%, respectively. Moreover, 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 a Relative Strength Index (RSI) of 51.57.

As per notes filed on August 29th, 2016 with the SEC, Matthew T. Shafer on August 23rd , 2016 was hired as the Chief Financial Officer, Vice President of Finance, and Treasurer of Ocean Power Technologies, effective September 7th, 2016. In connection with his hiring, Mr. Shafer will also serve as principal financial officer of the Company. Mr. Shafer will replace Mark Featherstone, who currently serves as the Company's Chief Financial Officer, Treasurer, principal financial officer and principal accounting officer. OPTT complete research report is just a click away and free at: http://stock-callers.com/registration/?symbol=OPTT

3M  

Shares in St. Paul, Minnesota headquartered 3M Co. ended the day 2.48% lower at $175.64. A total volume of 2.08 million shares was traded, which was above their three months average volume of 1.77 million shares. The stock has advanced 4.85% in the previous three months and 18.96% since the start of this year. The Company's shares are trading 7.92% above their 200-day moving average. Moreover, shares of 3M, which operates as a diversified technology company worldwide, have an RSI of 35.15.

On September 08th, 2016, 3M announced that it has entered into an agreement to sell the assets of its temporary protective films business to Pregis LLC. 3M's temporary protective films business is a provider of adhesive-backed temporary protective films used in a broad range of industries, including automotive, appliance, metalworking, building and construction. The business has annual global sales of approximately $50 million. Upon completion of the sale of the business, 3M is expected to realize a small gain which will be offset by other actions during the remainder of 2016. The complimentary report on MMM can be downloaded at: http://stock-callers.com/registration/?symbol=MMM

Illinois Tool Works  

Glenview, Illinois headquartered Illinois Tool Works Inc.'s shares fell 2.72%, closing the session at $115.78. A total volume of 1.80 million shares was traded, which was above their three months average volume of 1.47 million shares. The stock has gained 7.71% in the previous three months and 26.31% on an YTD basis. The Company's shares are trading 0.69% above their 50-day moving average and 14.25% above their 200-day moving average. Additionally, shares of Illinois Tool Works, which manufactures and sells industrial products and equipment worldwide, have an RSI of 39.53.

On August 8th, 2016, Despatch, a member of ITW EAE, a division of Illinois Tools Works, reported its initial customer evaluation of the Despatch Split-Zone(TM) Oxidation Oven. Tests were conducted using premium grade fiber running through a single oven that simulated multiple zones. The baseline to achieve the target density was 5 zones with a dwell time of 67.3 minutes. Using the Split-Zone the target density was achieved in just two zones with a dwell time of 44 minutes, a reduction in cycle time of nearly 35%.  Oxidation consumes the most energy, has the largest factory footprint, and is the largest capital investment in a carbon fiber line. Sign up for your complimentary research report on ITW at: http://stock-callers.com/registration/?symbol=ITW

ITT Inc. 

On Friday, shares in White Plains, New York headquartered ITT Inc. closed the session 3.38% lower at $34.61 with a total volume of 540,897 shares traded. The stock has gained 1.28% in the last month. The Company's shares are trading above their 50-day moving average by 2.80%. Furthermore, shares of ITT Inc., which manufactures and sells engineered critical components and customized technology solutions for the energy, transportation, and industrial markets worldwide, have an RSI of 44.26. Get free access to your research report on ITT at: http://stock-callers.com/registration/?symbol=ITT

--

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(R) 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(R) and Chartered Financial Analyst(R) are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA