US Broad-based Manufacturing Corps 3Q 2012 Earnings
In this post, I am addressing how the stock prices of these Largest US Broad-based Manufacturing Corps have performed during the Obama Administration.
Of these 58 Manufacturing Corps, 53 of them had their common stocks trading on both January 16, 2009, which is the last day stocks traded before President Obama took office, and also today, Friday, November 2, 2012.
I retrieved all of the below stock market closing price information from the excellent Big Charts.com website.
These 53 Largest US Broad-based Manufacturing Corps had an average stock market price increase of an exceptional 150% since President Obama took office on January 20, 2009. This is substantially more than double both the 66% increase in the S&P 500 Index and the 58% increase in the Dow Industrials Index, both during the same time span.
The Obama Administration worked very hard to help the US Manufacturing Sector, which was just crushed in 2008 and early 2009 by the horrible spillover effects of the US financial meltdown. There were an awful lot of effective things done, but I think that perhaps the single most effective thing done here to turn all of the US manufacturing sector around was the 100% first-year tax expensing of US equipment purchases, which expired at the end of 2011.
US citizens working in the Manufacturing Sector all throughout the country have to be very happy with the stock market performance of these many fine Manufacturing companies during the Obama Administration.
And President Obama is keenly aware that to spur US economic growth and many higher-paid US jobs, the US Manufacturing Sector must be much more incentivized by both tax and non-tax initiatives, including steps to reshore back to the US many US Multinational Corp jobs, which were offshored in the past two decades to foreign tax havens.
Below here are the common stock market closing prices of each of these 53 Largest US Broad-based Manufacturing companies at both the most recent date, and also at the date just before President Obama took office, as well as the percentage stock market price changes for this period of time.
| Stock | Stock | % | ||
| State | Price | Price | Increase | |
| HQs | 11-2-12 | 1-16-09 | (Decrease) | |
| US Largest Broad-Based Manufacturing Corps | ||||
| TRW Automotive | MI | $48.15 | $3.86 | 1,147% |
| Ford Motor | MI | $11.17 | $2.19 | 410% |
| Spirit AeroSystems | KS | $49.20 | $11.85 | 315% |
| Cummins | IN | $100.03 | $26.32 | 280% |
| Borg Warner | MI | $66.35 | $18.89 | 251% |
| Harley Davidson | WI | $47.29 | $13.70 | 245% |
| Triumph Group | PA | $65.77 | $19.80 | 232% |
| Gardner Denver | PA | $70.47 | $22.90 | 208% |
| Valspar | MN | $58.74 | $19.15 | 207% |
| Teradyne | MA | $15.31 | $5.11 | 200% |
| CNH Global NV | IL | $44.95 | $15.13 | 197% |
| Autoliv | UT | $57.80 | $19.53 | 196% |
| PPG Industries | PA | $119.92 | $41.43 | 189% |
| Carlisle | NC | $55.78 | $19.94 | 180% |
| Joy Global | WI | $63.99 | $23.17 | 176% |
| Flowserve | TX | $136.90 | $50.51 | 171% |
| Ingersoll-Rand | NJ | $47.02 | $18.00 | 161% |
| Hubbell | CT | $84.08 | $32.42 | 159% |
| Cooper Industries | TX | $76.49 | $29.62 | 158% |
| Ametek | PA | $36.60 | $14.44 | 153% |
| Whirlpool | MI | $98.15 | $39.84 | 146% |
| Amphenol | CT | $60.83 | $25.53 | 138% |
| Pall Corp | NY | $63.95 | $27.19 | 135% |
| Timken | OH | $40.64 | $17.39 | 134% |
| Ball Corp | CO | $43.38 | $19.62 | 121% |
| Snap-On | WI | $78.75 | $35.81 | 120% |
| AGCO | GA | $45.78 | $20.96 | 118% |
| Caterpillar | IL | $85.79 | $39.55 | 117% |
| Deere | IL | $85.60 | $39.88 | 115% |
| Owens Corning | OH | $33.89 | $16.17 | 110% |
| Stanley Black & Decker | CT | $69.87 | $33.40 | 109% |
| RPM International | OH | $27.28 | $13.15 | 107% |
| Donaldson Co. | MN | $33.06 | $16.05 | 106% |
| Crown Holdings | PA | $38.77 | $18.87 | 105% |
| Eaton | OH | $49.20 | $24.28 | 103% |
| Parker Hannifin | OH | $79.43 | $39.77 | 100% |
| Danaher | DC | $51.95 | $26.97 | 93% |
| Honeywell | NJ | $62.43 | $32.94 | 90% |
| Molex | IL | $26.05 | $13.77 | 89% |
| Dover | IL | $58.58 | $31.20 | 88% |
| Silgan Holdings | CT | $43.28 | $23.08 | 88% |
| Illinois Tool Works | IL | $62.02 | $34.63 | 79% |
| Goodyear Tire & Rubber | OH | $11.60 | $6.71 | 73% |
| Boeing | WA | $70.05 | $42.46 | 65% |
| Johnson Controls | WI | $26.25 | $16.21 | 62% |
| Paccar | WA | $45.01 | $27.88 | 61% |
| 3M | MN | $88.97 | $56.42 | 58% |
| United Technologies | CT | $78.07 | $51.10 | 53% |
| Corning | NY | $11.70 | $9.70 | 21% |
| Nucor | NC | $40.64 | $42.10 | -3% |
| Owens-Illinois | OH | $19.66 | $21.35 | -8% |
| Alcoa | PA | $8.65 | $9.43 | -8% |
| Pitney Bowes | CT | $12.73 | $25.06 | -49% |
| Average Increase: All 53 Corps | 150% | |||
| Dow Jones Industrial Average | 13,093.16 | 8,281.22 | 58% | |
| S&P 500 Index | 1,414.20 | 850.12 | 66% |
