Stephen Volkmann News
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Ralph Whitworth’s proposal to break up Timken Co. helped boost shares of the ball-bearings maker 26 percent in five months. With the stock still trading at a discount to peers, shareholders stand to more than double that gain by voting in favor of his plan in May.
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Ralph Whitworth , the activist investor who pushed Home Depot Inc. to sell assets and undertake a $22.5 billion stock-buyback program, is setting his sights on Deere & Co. , said a person with knowledge of the matter.
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Deere & Co., the world’s largest agricultural-equipment maker, tumbled the most in 12 weeks on speculation that growth may be limited as corn and soybean prices decline from records.
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Timken Co., the bearings maker that trades at the lowest earnings multiple among its peers, is costing shareholders the chance to recoup $1.3 billion in market value lost this year by not spinning off its steel unit.
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Caterpillar Inc. , the world’s largest maker of construction and mining equipment, fell in New York trading after saying it expects cost “headwinds” in 2011.
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Caterpillar Inc., the largest maker of construction and mining equipment, has provided the best risk-adjusted return among its peers since financial markets hit bottom in 2009 as it made acquisitions and expanded in emerging markets such as China.
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Mike Render , an engineer who has worked for Caterpillar Inc. since the 1970s, has spent the last three years trying to break with the company’s past.
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Caterpillar Inc., the largest maker of construction and mining equipment, said gains in its sales and profit this year will come in the second half as the world economy improves. Its shares rose.
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Joy Global Inc. is tempting potential acquirers with the chance to secure the world’s largest independent maker of underground mining equipment at the industry’s cheapest takeover valuation.
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Machinery stocks may outperform the market through the end of the year as new orders rebound, helping to defy concerns about another U.S. recession.
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