In this article we take a look at five stocks that moved on Tuesday. If you want to read our detailed analysis of these stocks, go to read Why These 10 Stocks Are Moving on Tuesday.
5. Franklin Resources, Inc. (NYSE:BEN) rose 7.2% after the company reported preliminary fourth quarter adjusted EPS of $1.26 versus the consensus of $0.86. Franklin Resources, Inc. (NYSE:BEN) also reported preliminary revenue of $2.18 billion versus the average estimate of $2.02 billion. After the report, Robert Lee of Keefe Bruyette upgraded the stock to ‘Outperform’ from ‘Market Perform’ and set a $45 price target, up from the previous $35. Ken Griffin’s Citadel Investment Group was long 1,080,401 shares of Franklin Resources, Inc. (NYSE:BEN) at the end of June.
4. Rockwell Automation, Inc. (NYSE:ROK) rose 7.35% after the company reported adjusted earnings of $2.33 per share for the fourth quarter, beating the consensus by $0.15 per share. Sales were $1.81 billion, up 15.3% year over year but missing the average estimate by $90 million. For FY22, the company sees EPS of $10.50 to $11.10, versus the consensus of $10.24. Fisher Asset Management was among the elite fund holders of Rockwell Automation, Inc. (NYSE:ROK) at the end of September.
3. Martin Marietta Materials, Inc. (NYSE:MLM) surged 4.41% after the company reported third quarter results. For the period, MLM reported an adjusted EPS of $4.25, missing the consensus by $0.01 per share. Martin Marietta Materials, Inc. (NYSE:MLM) sales were $1.55 billion, up 17.4% year over year, and $60 million ahead of estimates. Select Equity Group was long over 3.09 million shares of Martin Marietta Materials, Inc. (NYSE:MLM) at the end of June.
2. Ralph Lauren Corporation (NYSE:RL) fell 9.7% today despite beating estimates for its fiscal second quarter. For the period, Ralph Lauren Corporation (NYSE:RL) earned an adjusted EPS of $2.62, or $0.62 ahead of the consensus. FQ2 revenue was $1.5 billion, up 26.1% year over year and $30 million ahead of estimates. Despite today’s decline, shares of Ralph Lauren Corporation (NYSE:RL) are up over 15% year to date. Millennium Management was long 674,683 shares of Ralph Lauren Corporation (NYSE:RL) at the end of Q2.
1. Global Payments Inc. (NYSE:GPN) fell 9.2% today after reporting third quarter results. For the period, Global Payments Inc. (NYSE:GPN) earned an adjusted $2.18 per share, beating estimates by $0.03 per share. Revenue was $2.2 billion, exceeding the consensus by $210 million. In terms of outlook, Global Payments Inc. (NYSE:GPN) sees FY21 adjusted EPS of $8.10-$8.20.
Fisher Asset Management owned 651,087 shares of Global Payments Inc. (NYSE:GPN) at the end of September.
Disclosure: None.
