Conglomerates Roundup: 3M Co. (NYSE:MMM) Expects Next Year to be “Another Strong Year”, Caterpillar Inc. (NYSE:CAT) Pays First Dividend Ahead of Schedule

  on Dec 13,2012 Posted in Business News ,Featured
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Caterpillar Inc. (NYSE:CAT) reported on Wednesday that it would gear up its first-quarter dividend payment to Dec. 31, due to the doubt regarding US tax policy. The Peoria, Ill., manufacturer of bulldozers and other earth-moving equipment reported that the move could save its shareholders almost $30 million.

In last trading session, Caterpillar Inc. (NYSE:CAT) moved up +0.71% to close at $87.95 and its overall volume during last trading session was 7.09 million shares. Its opening price was $87.89 while its shares hit the day high price of $88.77 and day low of $87.46.

3M Co. (NYSE:MMM) reported on Wednesday that it predicts 2013 earnings of $6.70 to $6.95 per share, with organic local-currency sales increase of 2% to 5% for the year.

The St. Paul, Minn., manufacturer of adhesives and other industrial products, a blue chip of the Dow Jones Industrial Average DJIA, reported that anticipates 2013 to be a another constructive year. Wall Street experts anticipated 3M to earn $6.86 per share in next year, as per reported by a survey by FactSet.

In last trading session, 3M Co (NYSE:MMM) dropped -0.60% and closed at $93.12 with the total traded volume of 4.06 million shares. MMM has market capitalization of $64.43 billion.

MMM has earnings per share of $6.25 with the net profit margin of 15.14%. Its price to earnings ratio ended at 14.89.

UTC Aerospace Systems, the Charlotte-located unit of United Technologies Corp. (NYSE:UTX) created from the previous Goodrich Corp., has received aftermarket pact for repairs, retrofits and improved spares for components of the US Navy’s V-22 program, as per reported by a news published on Tuesday.

United Technologies Corporation (NYSE:UTX) plunged of -0.23% with the closing price of $81.00. The overall volume in the last trading session was 3.67 million shares. The total market capitalization remained $74.24 billion.

UTX is ahead of its 52 week low with 16.16% and its last month’s price volatility remained 1.51%. Company’s current year earnings per share grew with 15.85% while the five years EPS growth rate was -8.15%.

The Dow Chemical Company (NYSE:DOW)

The stock has now dropped about -11.83% from its record high price level, and has advanced by 11.41% for this year. It closed at $31.15, trading 1.26% above its 200 day moving average and 6.13% below its 20 day moving average. Latest close brings its distance from its 52-week low at +28.11%. The stock has a PE ratio and their market value is $37.36B.

Leucadia National Corp. (NYSE:LUK)

As of latest close, eBay shares are up about 4.71% for 2012 and recently topped out a 52-week high of $29.79 (02/13/2012). The shares slipped below the 200-Day SMA ($3.95) and are now standing 7.12% above 50-day SMA. The performance measured for the month was +12.63% and weekly performance appeared at +2.67%.



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