Data by Industry within Capital Goods Sector
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Marketcap |
Revenues (TTM) |
Net Income (TTM) |
Employees |
| Industry |
(Millions) |
(Millions) |
(Millions) |
Number |
| Aerospace & Defense Industry |
$ 488,819 |
$ 261,472 |
$ 9,342 |
583,167 |
| Construction & Mining Machinery Industry |
$ 170,701 |
$ 127,041 |
$ 12,556 |
233,644 |
| Construction Services Industry |
$ 295,398 |
$ 308,894 |
$ 23,431 |
483,489 |
| Miscellaneous Manufacturing Industry |
$ 304,356 |
$ 208,219 |
$ 17,304 |
417,583 |
| Industrial Machinery and Components Industry |
$ 969,296 |
$ 335,649 |
$ 40,515 |
717,624 |
| Ship & Boat Building Industry |
$ 71,273 |
$ 51,905 |
$ 4,032 |
148,684 |
| Capital Goods Sector |
$ 2,299,842 |
$ 1,293,181 |
$ 107,180 |
2,584,191 |
Recent News from Capital Goods Sector |
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Dividend
Trane Technologies plc, a renowned global climate innovator, recently announced its quarterly dividend and showcased impressive financial performance. With consecutive quarterly cash dividends since 1919 and annual dividends since 1910, the company has a strong history of rewarding its shareholders. This article will delve into the facts surrounding Trane Technologies' latest dividend declaration and assess its potential impact on the company's shares.
Key Facts:
1. Trane Technologies' Board of Directors declared a quarterly dividend of $0.75 per ordinary share, amounting to an annualized dividend of $3.00 per share.
2. The dividend payment is scheduled for December 29, 2023, while the record date for eligible shareholders is December 1, 2023.
3. Trane Technologies' 12 Month dividend payout ratio decreased to 34.43% in the second quarter of 2023 due to a notable increase in earnings per share during the same period.
4. The company's sustained rise in earnings and a payout ratio below the company's average raise expectations about a possible dividend increase in the near future.
5. Among the companies in the Capital Goods sector, Trane Technologies ranks lower with its 12 Month dividend payout ratio when compared to 33 other companies.
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Dividend
Miami-based HVAC distributor, Watsco Inc., has recently announced its 49th consecutive year of paying dividends, highlighting the company's commitment to providing consistent returns to its shareholders. In addition, Watsco Inc.'s shares have demonstrated a remarkable increase of 3.82% in the previous month and an impressive 257.46% over the past 12 months, positioning the company for continued growth in the market.
Watsco Inc, a leading distributor of heating, ventilation, and air conditioning (HVAC) products, has reaffirmed its dedication to its shareholders by declaring a quarterly dividend of $2.45. This marks an exceptional milestone of 49 consecutive years of paying dividends, demonstrating the company's consistency and stability in delivering returns for its investors.
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Taylor Devices Inc
Taylor Devices Inc, a leading provider of innovative engineering solutions, has reported strong financial results for the June to August 31, 2023 financial period. The company witnessed a significant growth in earnings per share (EPS) of 79.31% to $0.52, compared to the prior year reporting period.
Furthermore, Taylor Devices Inc experienced a healthy increase in revenue, with a rise of 9.162% to $9.92 million, as compared to $9.09 million in the same period the previous year. However, in contrast to the previous reporting period, the company's profit dropped by -47.84% from $1.00 per share, and revenue fell by -27.392% from $13.67 million.
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Lennar Corp
Lennar Corp, one of the leading construction services companies, recently reported disappointing results for its most recent fiscal period. The company's earnings per share (EPS) deteriorated by -23.06% to $3.87 from $5.03, while its revenue sank by -2.293% to $8.73 billion year on year. This decline comes after a previous reporting season where the company saw growth in earnings and revenue.
During the preceding reporting season, Lennar Corp experienced an increase in earnings to $3.01 per share and revenue advanced by 8.508% to $8.05 billion. However, in the most recent fiscal period, earnings fell to $1,116.952 million, a decrease of -24.16% from the corresponding period a year before, when earnings were at $1,472.694 million.
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Trio Tech International
The stock market is a space where investors closely follow the performance of companies to make informed investment decisions. One such company that recently experienced a decline in revenue and income is Trio Tech International (TRT). The fiscal period closing on June 30, 2023, saw a significant deterioration in TRT's financials, showcasing several interesting facts worth discussing.
Revenue and Earnings Decline:
TRT's revenue declined by a staggering 27.886% in fiscal year 2023, leading to a sharp deterioration in their income by 78.96%. The company recorded earnings of $8.53 million in revenue for this period, compared to $11.83 million the year prior. Similarly, the earnings per share (EPS) dropped from $0.19 to $0.04 per share, painting a grim financial picture.
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Aar Corp
In the first quarter of 2023, Aar Corp, an aviation services company, reported a significant increase in revenue by 23.079%, reaching $549.30 million compared to the same period in the previous year. However, the company slipped into a deficit at $-0.02 per share, leading to concerns about its financial performance. Comparatively, earnings per share (EPS) fell from $0.64 per share, and revenue decreased by -0.723% from $553.30 million in the prior period.
Aar Corp experienced a net deficit of $-0.600 million in the first quarter of 2023, a significant decline compared to the net proceeds of $22.700 million achieved in the corresponding period a year before. Additionally, the company has seen a notable increase in inventories, with levels reaching $614.2 million, higher than both the previous quarter as well as the same quarter a year ago.
Operating earnings fell by a staggering -85.02% to $27.3 million, leading to a decline in Aar Corp's operating margin to 4.97% from 40.82% in the first quarter of 2023. This trend raises concerns about the company's ability to maintain profitability. On a positive note, the build-up in accounts receivable is indicative of rising demand, with accounts receivables valued at $280.6 million, higher than the preceding quarter.
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Dividend
nVent Announces Quarterly Cash Dividend and Addresses Recent Share Performance
LONDON, October 5, 2023 - nVent Electric plc (NYSE: NVT), a leading global provider of electrical connection and protection solutions, has recently announced that it will be paying a regular quarterly cash dividend of US$0.175 per ordinary share on November 3, 2023. The dividend will be distributed to shareholders of record at the close of business on October 20, 2023.
nVent's commitment to providing regular cash dividends to its shareholders highlights the company's strong financial standing and commitment to delivering value to its investors. The quarterly dividends provide stability and consistent income for investors, making nVent an attractive investment option for those seeking reliable returns.
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Thor Industries Inc
Thor Industries Inc, a leading manufacturer of recreational vehicles, has experienced a significant downward trend in its financial performance in the fourth quarter of 2023. The company recorded a sharp decline in revenue, with a reduction of 29.63% compared to the previous year, resulting in a fall in its bottom-line by 67.12%. This alarming decline in earnings is indicative of the company's struggles in generating sufficient revenue.
In terms of specific figures, Thor Industries Inc reported earnings of $2.69 billion in revenue for the fourth quarter of 2023, a considerable drop from the $3.82 billion achieved in the previous year. Similarly, the company's earnings per share (EPS) also took a hit, falling from $5.15 in the prior year to $1.69 per share.
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Dividend
Woodward, Inc. Declares Quarterly Dividend of $0.22 per Share
FORT COLLINS, Colo., Sept. 25, 2023 - Woodward, Inc. (NASDAQ: WWD) has recently announced its Board of Directors' declaration of a cash dividend of $0.22 per share for the quarter. This dividend will be payable on December 4, 2023, to stockholders of record as of November 20, 2023. These developments come as a result of Woodward's increased earnings per share in the third quarter of 2023, which has led to a decrease in the company's 12 Months dividend payout ratio to 23.96% - below the average but still maintaining a strong cash flow.
By comparing Woodward's performance to its peers in the Capital Goods sector, it is evident that 51 companies had a higher 12 Months dividend payout ratio. This indicates that Woodward is actively reinvesting a significant portion of its earnings back into its operations and future growth prospects. It is worth noting that the company has moved up in rank from 868 in the second quarter of 2023 to 963 in terms of overall performance among all other companies.
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Donaldson Company Inc
DCI, the Industrial Machinery and Components company, recently announced disappointing financial results for the fiscal year ending July 31, 2023. The company's earnings per share (EPS) deteriorated by -7.66% to $0.75 from $0.81, while revenue decreased by -1.202% to $879.30 million compared to the previous year.
However, it is important to note that the rest of the Industrial Machinery and Components sector experienced revenue growth in the fourth quarter of 2023. This indicates that DCI's performance may be an outlier in the industry.
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