Jeffrey R. Immelt, chairman and chief executive of Fairfield-based General Electric Company (NYSE:GE), made $11.27 million in 2013, a steep decline from the $20.45 million he took home the prior year, a federal filing Thursday showed. The drop in earnings for the year is mainly attributable to a decline in performance-based pay for 2013, which more than outweighed the company board of directors’ approval of a higher cash bonus for Immelt and his first salary increase in almost a decade. General Electric Company (NYSE:GE) stock opened at $26.33 in last trading session, and closed at $26.13, trading in the range of $25.97 – $26.35. The stock showed a positive weekly performance of 2.59%.
Caterpillar Inc. (NYSE:CAT) Vice President of Finance Services Julie Lagacy and Director of Investor Relations Rich Moore will speak at ISI 2014 Annual Industrial Conference on Tuesday, March 11. They are scheduled to speak at 2:40 p.m. Eastern Time. Caterpillar Inc. (NYSE:CAT) shares closed at $97.05 on last trade day, by losing -0.56%. Stock 52 week range is $79.49 – $98.24. Company’s market capitalization is $61.90 billion.
Shares of Honeywell International (NYSE:HON) reached a new 52-week high during trading on Friday after Sanford C. Bernstein raised their price target on the stock from $112.00 to $117.00, AmericanBankingNews.com reports. The company traded as high as $95.90 and last traded at $95.64, with a volume of 3,655,012 shares traded. The stock had previously closed at $94.75. Honeywell International Inc. (NYSE:HON) stock advanced 0.73% and finished the last session at $95.44. The EPS of the stock remained 4.90. Company’s market capitalization is $74.84 billion.
Eaton Co., PLC Ordinary Shares (NYSE:ETN) Director Michael J. Critelli sold 15,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $75.26, for a total transaction of $1,128,900.00. Following the completion of the sale, the director now directly owns 83,566 shares of the company’s stock, valued at approximately $6,289,177. Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) stock opened at $75.73 in last trading session and closed at $76.15. The 52 week range of the stock is $55.41 – $78.19 and the day range was $75.55 – $76.64.