Zacks Industry Outlook Highlights: Deere, Caterpillar, AGCO, Toro and Terex

 Zacks Industry Outlook Highlights: Deere, Caterpillar, AGCO, Toro and Terex

PR Newswire

CHICAGO, Jan. 17, 2014

CHICAGO, Jan. 17, 2014 /PRNewswire/ --Today, Zacks Equity Research discusses
the Machinery, including Deere & Company (NYSE:DE-Free Report), Caterpillar
Inc. (NYSE:CAT-Free Report), AGCO Corporation (NYSE:AGCO-Free Report),Toro Co.
(NYSE:TTC-Free Report) and Terex Corp. (NYSE:TEX-Free Report).


Industry: Machinery


The direct correlation between increasing economic activities and the
prospects of the machinery industry evokes in us a confidence in the industry
right on the heels of anticipated economic growth worldwide.

Recovery, though gradual, from the 2008 global crisis has raised demand for
industrial products and has in turn boosted the need for new/advanced
machinery. The major end-markets for the machinery industry include
agriculture, construction, mining and energy industries, among others.

The world economy will likely grow by 3.6% in 2014, according to the
International Monetary Fund's (IMF) World Economic Outlook, published in Oct
2013. Growth in advanced economies and emerging and developing countries are
projected at 2.0% and 5.1% for 2014, respectively.

The world economic growth projection was a slight moderation from what was
predicted by the IMF in Jul 2013 due primarily to weak demand and
slower-than-anticipated growth in emerging markets. Admittedly obstacles still
persist but the overall growth picture may not materially deteriorate or
deviate from the IMF's Oct 2013 forecast.

Important Players in the Machinery Industry

Deere & Company's (NYSE:DE-Free Report) fiscal 2013 (ended Oct 31, 2013)
results were impressive. For the fiscal year, equipment sales rose roughly 4%,
with price realization contributing 3%. This agricultural and forestry
equipment provider is expanding globally to leverage benefits from the growing
global farm industry.

Management anticipates equipment sales to decrease 3% year over year in fiscal
year 2014. Net earnings for the year are projected to be approximately $3.3

Caterpillar Inc. (NYSE:CAT-Free Report) posted a 19% decline in Machinery and
Power Systems sales in the third quarter of 2013. For 2013, the company
expects revenue to be approximately $55 billion, down from the $56–$58 billion
range expected earlier due primarily to weak demand for mining equipment. The
company is slated to report its fourth quarter results on Jan 27, 2014.

Other top players in the agricultural, construction and mining industry
include AGCO Corporation (NYSE:AGCO-Free Report),Toro Co. (NYSE:TTC-Free
Report) and Terex Corp. (NYSE:TEX-Free Report), among others.

About Zacks is a property of Zacks Investment Research, Inc., which was formed
in 1978. The later formation of the Zacks Rank, a proprietary stock picking
system; continues to outperform the market by nearly a 3 to 1 margin. The best
way to unlock the profitable stock recommendations and market insights of
Zacks Investment Research is through our free daily email newsletter; Profit
from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED
to be worth your time! Click here for your free subscription to Profit from
the Pros.

Get the full Report on DE- FREE

Get the full Report on CAT- FREE

Get the full Report on AGCO - FREE

Get the full Report on TTC - FREE

Get the full Report on TEX - FREE

Follow us on Twitter:

Join us on Facebook:

Zacks Investment Research is under common control with affiliated entities
(including a broker-dealer and an investment adviser), which may engage in
transactions involving the foregoing securities for the clients of such

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339

Past performance is no guarantee of future results. Inherent in any investment
is the potential for loss. This material is being provided for informational
purposes only and nothing herein constitutes investment, legal, accounting or
tax advice, or a recommendation to buy, sell or hold a security. No
recommendation or advice is being given as to whether any investment is
suitable for a particular investor. It should not be assumedthat any
investments in securities, companies, sectors or markets identified and
described were or will be profitable. All information is current as of the
date of herein andis subject to change without notice. Any views or opinions
expressed may not reflect those of the firm as a whole. Zacks Investment
Research does not engage in investment banking, market making or asset
management activities of any securities. These returns are from hypothetical
portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced
monthly with zero transaction costs. These are not the returns of actual
portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers
displayed in this press release.

SOURCE Zacks Investment Research, Inc.

Press spacebar to pause and continue. Press esc to stop.