In deriving these US Diversified Machinery Corps, I first started with the very helpful Yahoo Finance Website Industrial Goods: Diversified Machinery.
The historical stock prices of these companies were obtained from the following two excellent internet resources.... Google Finance and MarketWatch Big Charts.
These 39 largest US Diversified Machinery Companies had their average stock prices drop by a massive 62% from December 31, 2007 during President Bush's second Presidential term, and very early in President Obama's first term, or on March 6, 2009, which was the very lowest point due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.
But since March 6, 2009, the average stock prices of these same 39 largest US Diversified Machinery Corps have increased by a very impressive 428% through January 17, 2014.
When I stratified the stock market appreciation of these 39 companies by the current Market Capitalization size, I found that generally the smaller the size of the company, the larger the stock price appreciation has been during the Obama Administration. I think it is very positive for these smaller US Manufacturing Companies to have higher stock appreciation than the larger ones, which also had very robust stock price appreciation.
The 13 Diversified Machinery Corps with Market Caps above $10 bil had an average stock price increase of 356%, the 16 Diversified Machinery Corps with Market Caps between $1 bil and $10 bil had an average stock price increase of a higher 403% and the 10 Diversified Machinery Corps with Market Caps between $100 mil and $1 bil had an average stock price increase of a still higher 562%, all from March 6, 2009 to January 17, 2014.
Clearly, the investors in and executives of these 39 US largest Diversified Machinery Companies must be extremely pleased with the impact of actions taken by both the Obama Administration and the US Fed to successfully rescue the US economy from its extremely weakened state caused by the 2008 US financial meltdown.
This exceptional stock price increase was very widespread, with all 39 Companies experiencing stock price appreciation since March 6, 2009, and 37 of the 39 Companies having their stock prices at least double.
The Obama Administration has worked very hard to help all parts of the US Manufacturing Sector from the very get go. This US Manufacturing Sector 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 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 all US equipment purchases in 2010 and 2011.
President Obama is keenly aware that to spur US economic growth and many higher-paid US jobs, the US Manufacturing Sector must be even 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.
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.
This exceptional stock price increase in the US Manufacturing Sector is driving a very nice increase in well-paying US jobs in the key US Manufacturing Sector.
The job-multiplier effect with US Manufacturing jobs is flat out superb. Thus the continued growth in US Manufacturing jobs will help narrow somewhat the huge gap between the very wealthy and everyone else.
One thing the key US Manufacturing Sector needs, in addition to 50% first-year tax expensing for equipment and computer software investments by all large US businesses and 100% first-year tax expensing by all small and medium-sized US businesses, is for timely, simple, permanent US job-creating Research and Experimental Tax Credits.
Below here are the market prices of each of these 39 largest US Industrial Goods: Diversified Machinery Companies on January 17, 2014, on March 6, 2009, and on December 31, 2007, broken down by Market Capitalization and then sorted by Stock Price Appreciation since March 6, 2009:
| Market | Market | ||||||
| Price | Price | ||||||
| % | % | ||||||
| Change | Change | ||||||
| Market | Market | Market | 3-6-09 | 12-31-07 | |||
| Price | Price | Price | to | to | |||
| Diversified Machinery Company | HQs | 1-17-14 | 3-6-09 | 12-31-07 | 1-17-14 | 3-6-09 | |
| Largest: Market Cap $10 bil or more | |||||||
| Cummins | Columbus | IN | 137.74 | 19.34 | 63.69 | 612% | -70% |
| Ingersoll-Rand | Davidson | NC | 62.32 | 9.45 | 37.09 | 559% | -75% |
| Rockwell Automation | Milwaukee | WI | 119.23 | 18.40 | 68.96 | 548% | -73% |
| Flowserve | Irving | TX | 77.12 | 14.86 | 32.07 | 419% | -54% |
| Eaton | Cleveland | OH | 76.85 | 15.56 | 48.48 | 394% | -68% |
| Ametek | Berwyn | PA | 52.02 | 12.14 | 20.82 | 329% | -42% |
| Dover | Downers Grove | IL | 95.11 | 22.32 | 46.09 | 326% | -52% |
| Honeywell | Morristown | NJ | 89.95 | 23.60 | 61.57 | 281% | -62% |
| General Electric | Fairfield | CT | 26.58 | 7.06 | 37.07 | 276% | -81% |
| Roper Industries | Sarasota | FL | 140.04 | 38.11 | 62.54 | 267% | -39% |
| Danaher | Washington | DC | 77.87 | 24.66 | 43.87 | 216% | -44% |
| Illinois Tool Works | Glenview | IL | 82.66 | 26.80 | 53.54 | 208% | -50% |
| United Technologies | Hartford | CT | 114.21 | 38.54 | 76.54 | 196% | -50% |
| Average % Change all 13 | 356% | -58% | |||||
| Medium-sized: Market Cap $1-10 bil | |||||||
| Polypore | Charlotte | NC | 38.32 | 2.93 | 17.50 | 1208% | -83% |
| Middleby | Elgin | IL | 252.66 | 23.96 | 76.62 | 955% | -69% |
| Nordson | Westlake | OH | 72.46 | 10.62 | 28.98 | 583% | -63% |
| Graco | Minneapolis | MN | 78.30 | 14.48 | 37.26 | 441% | -61% |
| Crane | Stamford | CT | 68.51 | 12.90 | 42.90 | 431% | -70% |
| Hubbell | Shelton | CT | 118.78 | 23.44 | 51.60 | 407% | -55% |
| Actuant | Menomonee | WI | 36.99 | 8.05 | 34.01 | 360% | -76% |
| Raven Industries | Sioux Falls | SD | 37.65 | 8.22 | 19.20 | 358% | -57% |
| IDEX Corp | Lake Forest | IL | 73.44 | 17.53 | 36.13 | 319% | -51% |
| Pall Corp | Port Washington | NY | 83.50 | 21.72 | 40.32 | 284% | -46% |
| Lennox Intl | Richardson | TX | 87.80 | 24.27 | 41.42 | 262% | -41% |
| Zebra Technologies | Lincolnshire | IL | 53.87 | 16.69 | 34.70 | 223% | -52% |
| Dresser-Rand Group | Houston | TX | 58.75 | 19.12 | 39.05 | 207% | -51% |
| ITT | White Plains | NY | 43.72 | 16.69 | 33.02 | 162% | -49% |
| SPX Corp | Charlotte | NC | 104.37 | 41.50 | 102.85 | 151% | -60% |
| Briggs & Stratton | Wauwatosa | WI | 21.75 | 11.43 | 22.66 | 90% | -50% |
| Average % Change all 16 | 403% | -58% | |||||
| Smallest:Market Cap$100 mil-$1 bil | |||||||
| Manitex Intl | Bridgeview | IL | 14.10 | 0.46 | 6.07 | 2965% | -92% |
| Adept Technology | Pleasanton | CA | 16.52 | 1.89 | 7.95 | 774% | -76% |
| Kadant | Westford | MA | 38.92 | 6.93 | 29.67 | 462% | -77% |
| Twin Disc Inc | Racine | WI | 27.20 | 4.96 | 35.39 | 448% | -86% |
| Flow Intl | Kent | WA | 4.03 | 1.08 | 9.32 | 273% | -88% |
| Gorman-Rupp | Mansfield | OH | 34.82 | 9.88 | 19.97 | 253% | -51% |
| Tecumseh Products | Ann Arbor | MI | 8.94 | 3.75 | 23.41 | 138% | -84% |
| Ampco-Pittsburgh | Pittsburgh | PA | 18.34 | 8.02 | 38.13 | 129% | -79% |
| Powell Industries | Houston | TX | 61.95 | 29.87 | 44.07 | 107% | -32% |
| PMFG Inc | Dallas | TX | 8.49 | 4.90 | 20.60 | 73% | -76% |
| Average % Change all 10 | 562% | -74% | |||||
| Overall Average % Change all 39 | 428% | -62% |
