In testimony tomorrow before the U.S. Senate Homeland Security and Governmental Affairs Permanent Subcommittee on Investigations (PSI), Caterpillar Inc. (CAT) Vice President with responsibility for the Finance Services Division Julie Lagacy will discuss Caterpillar Inc. (NYSE:CAT)’s prudent and lawful business planning that is common among responsible U.S. multinational corporations. Caterpillar Inc. (NYSE:CAT) shares after opening at $101.92 moved to $103.20 on last trade day and at the end of the day closed at $102.55. Company price to sales ratio in past twelve months was calculated as 1.18 and price to cash ratio as 10.76. Caterpillar Inc. (NYSE:CAT), showed a positive weekly performance of 4.16%.
Dover (NYSE: DOV) announced that it will release first quarter 2014 earnings at 6:00 a.m. Central time (7:00 a.m. Eastern time) on Thursday, April 17, 2014. Later that morning, Dover will host a conference call at 9:30 a.m. Central time (10:30 a.m. Eastern time) to discuss these results. Dover Corp (NYSE:DOV) shares advanced 0.28% in last trading session and ended the day on $85.39. Dover Corp (NYSE:DOV), return on equity ratio is recorded as 19.70% and its return on assets is 9.50%. Dover Corp (NYSE:DOV), yearly performance is 45.59%.
Rockwell Automation (NYSE:ROK) VP Douglas Hagerman sold 13,500 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $125.04, for a total value of $1,688,040.00. Following the completion of the transaction, the vice president now directly owns 47,338 shares of the company’s stock, valued at approximately $5,919,144. Rockwell Automation (NYSE:ROK) shares moved up 0.62% in last trading session and was closed at $126.88 while trading in range of $ 125.77 – 127.12. Rockwell Automation (NYSE:ROK) year to date (YTD) performance is 7.92%.
Due to the lack of coverage on this recent IPO, I decided to write a follow-up to my previous article on Ideal Power (IPWR) after gaining more insight through the company’s earnings call and a meeting with management I had last week. After doing more work on the company over the last few weeks, I have become more bullish on its prospects and now own it as a long-term core holding in my portfolio. For being such a small company (less than $100MM market cap), there is a ton of upside potential in the company’s technology. Most importantly, the technology provides a better value proposition to commercial users, which I believe to be the key factor when investing in new technology. Let’s review some of the updates on IPWR. Ideal Power Inc (NASDAQ:IPWR) weekly performance is -5.32%. On last trading day company shares ended up $8.89. Ideal Power Inc (NASDAQ:IPWR) distance from 50-day simple moving average (SMA50) is 8.58%.