Jordan, Knauff & Co. is an investment bank based in Chicago, Ill., that provides merger and acquisition advisory services to the pump, valve and filtration industries. Please visit www.jordanknauff.com for further information on the firm. Jordan Knauff & Co. is a member of FINRA.
The Jordan, Knauff & Company (JKC) Valve Stock Index was up 30.2 percent during the last 12 months, above the broader S&P 500 Index which was up 17.6 percent. The JKC Pump Stock Index was up 29 percent for the same time period.1 In June, the Institute for Supply Management’s Purchasing Managers’ Index (PMI) registered 50.9 percent, an increase of 1.9 percentage points from May. This reading indicates expansion in the manufacturing sector for the fifth time during the first six months of 2013. The Prices Index registered 52.5 percent showing an increase of 3 percentage points from May, reflecting overall raw material price increases from last month. The New Orders Index rose 3.1 percentage points in June, and the Production Index rose 4.8 percentage points following last month’s contraction in both indices.