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Larson Financial Group LLC reduced its position in shares of Truist Financial Co. ( NYSE:TFC – Free Report ) by 39.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,483 shares of the insurance provider’s stock after selling 971 shares during the quarter. Larson Financial Group LLC’s holdings in Truist Financial were worth $63,000 at the end of the most recent quarter. A number of other institutional investors also recently bought and sold shares of TFC. Sompo Asset Management Co. Ltd. increased its holdings in shares of Truist Financial by 72.7% during the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 64,190 shares of the insurance provider’s stock worth $2,745,000 after buying an additional 27,020 shares during the last quarter. StoneX Group Inc. increased its stake in Truist Financial by 4.6% during the third quarter. StoneX Group Inc. now owns 65,265 shares of the insurance provider’s stock worth $2,791,000 after acquiring an additional 2,881 shares during the last quarter. Kingsview Wealth Management LLC raised its position in Truist Financial by 2.3% in the third quarter. Kingsview Wealth Management LLC now owns 154,342 shares of the insurance provider’s stock valued at $6,601,000 after purchasing an additional 3,491 shares during the period. Cerity Partners LLC lifted its stake in shares of Truist Financial by 0.8% in the 3rd quarter. Cerity Partners LLC now owns 543,110 shares of the insurance provider’s stock valued at $23,229,000 after purchasing an additional 4,088 shares during the last quarter. Finally, Certified Advisory Corp grew its holdings in shares of Truist Financial by 6.7% during the 3rd quarter. Certified Advisory Corp now owns 23,742 shares of the insurance provider’s stock worth $1,015,000 after purchasing an additional 1,487 shares during the period. 71.28% of the stock is owned by hedge funds and other institutional investors. Truist Financial Stock Performance Shares of NYSE:TFC opened at $47.68 on Friday. Truist Financial Co. has a 12 month low of $31.96 and a 12 month high of $49.06. The business has a 50-day moving average of $44.23 and a two-hundred day moving average of $41.81. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $63.30 billion, a PE ratio of -33.34, a P/E/G ratio of 1.96 and a beta of 1.05. Truist Financial Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 8th will be issued a $0.52 dividend. The ex-dividend date is Friday, November 8th. This represents a $2.08 dividend on an annualized basis and a yield of 4.36%. Truist Financial’s dividend payout ratio is currently -145.45%. Wall Street Analyst Weigh In TFC has been the topic of a number of recent analyst reports. UBS Group upped their target price on shares of Truist Financial from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, October 18th. The Goldman Sachs Group upped their price objective on shares of Truist Financial from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday. Royal Bank of Canada lifted their target price on shares of Truist Financial from $45.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Citigroup raised their price target on Truist Financial from $47.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. boosted their price objective on Truist Financial from $43.50 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $47.17. View Our Latest Report on Truist Financial Insider Activity at Truist Financial In other Truist Financial news, CEO William H. Rogers, Jr. purchased 34,180 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was bought at an average price of $48.56 per share, with a total value of $1,659,780.80. Following the completion of the purchase, the chief executive officer now owns 691,451 shares in the company, valued at $33,576,860.56. This trade represents a 5.20 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link . Insiders own 0.17% of the company’s stock. Truist Financial Company Profile ( Free Report ) Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings.Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. Featured Stories Want to see what other hedge funds are holding TFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Truist Financial Co. ( NYSE:TFC – Free Report ). Receive News & Ratings for Truist Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Truist Financial and related companies with MarketBeat.com's FREE daily email newsletter .Putin approves federal budget for 2025-2027
( MENAFN - African Press Organization) Download logo East African Community (EAC) Heads of State have agreed to hasten the establishment of the Political Federation, the fourth and ultimate stage in the EAC integration. The Summit of EAC Heads of State noted that the formation of a Federation had been agreed way back in 1963 by the EAC's Founding Fathers – President Jomo Kenyatta (Kenya), Dr. Apollo Milton Obote (Uganda) and Mwalimu Julius Kambarage Nyerere (Tanganyika, now Tanzania) – but noted that the bureaucrats tasked with seeing through the assignment did not follow up on the matter. It was noted that Tanganyika and Zanzibar went ahead to form the United Republic of Tanzania, adding that the federation should be extended to transform the region into one as envisaged by the three Founding Fathers. The Summit members were speaking at the Arusha International Conference Grounds in Arusha, Tanzania during the High-Level Side Event on the EAC's 25th Anniversary. The EAC leaders further agreed on the need to fully operationalise the Customs Union and Common Market protocols to enhance intra-regional trade which is still relatively low. In his remarks, Ugandan President Yoweri Museveni said that EAC should be celebrating more than 1,000 years of trade interconnectedness within the region instead of focusing on the achievements of the past 25 years only. President Museveni said that East Africa's Coastal, Great Lakes and Lake Victoria Basin regions were a Connected Trade Area (CTA) interlinked by trade routes along the current Central and Northern Transport Corridors extending all the way to Mesopotamia in present day Iraq. The partition of Africa into spheres of influence in 1884 by the European colonial powers disconnected the CTA by segmenting it into separate countries. “The colonial powers succeeded due to the region's internal weaknesses. We became a DTA – disconnected trade area. Kenyatta, Obote and Museveni took the bold step to form the East African Federation in 1963 in a brave effort to dismantle this DTA,” said President Museveni. “However, some actors let us down and did not follow up on the three President's idea of forming a political federation. Tanganyika linked up with Zanzibar to form the United Republic of Tanzania, which played a significant role in liberating southern Africa from the yokes of colonialism,” said President Museveni. President Museveni said that the formation of the East African Federation would have forestalled Idi Amin's ascendancy to power in Uganda, solved in good time the problems Burundi and Rwanda, and mitigated the internal conflicts in the Federal Republic of Somalia and South Sudan that caused much suffering to the people of the two countries. President Museveni affirmed that Uganda was fully committed to promoting free trade in East Africa and was against the practice of banning products, delicensing products to deny them market access or protecting markets to limit competition for locally produced commodities. On his part, Kenyan President William Samoei Ruto said that a survey taken way back in 2010 indicated that East Africans were fully behind the integration process and supported the establishment of a political federation. President Ruto hailed the Republics of Burundi, Uganda and Kenya, which have already undertaken national consultations on the drafting of the constitution for the EAC Political Confederation, and thanked Rwanda, South Sudan and Tanzania for having set dates for national consultations on the process. President Ruto said that EAC was the foremost regional economic community in Africa with intra-regional trade standing between 25 – 28%, which is the highest in Africa. On trade, President Ruto disclosed that more Partner States were benefiting from the share of intra-regional trade with Tanzania having over taken Kenya in terms of the volumes of intra-regional trade. The Kenyan Head of State underscored the importance of peace and security as prerequisites for local and foreign direct investment, adding that it should a collective responsibility of Partner States to keep the region peaceful and to invest in its stability. President Ruto said that towards that end, Kenya had provided a forum for South Sudan's political actors to talk to one another in order to stabilise the country. Kenya was also working with Somalia and Uganda to reduce tension and stabilise the Horn of Africa region. President Ruto said that Kenya was in agreement with the Democratic Republic of the Congo's desire to merge the Luanda and Nairobi peace process under the Luanda process, adding that Kenya had no reservations with the Nairobi Process mediator, retired President Uhuru Kenyatta, being enjoined to the Luanda process. Speaking at the event, Tanzania's President Samia Suluhu Hassan underscored her country's commitment to promoting environmental conservation and combating climate change through transition to clean energy and an aggressive afforestation programme. President Samia disclosed that Tanzania spends 4-5% of her GDP in combating climate change and environmental degradation, adding that the country loses approximately 400,000 acres of forest annually due to lumbering, firewood and charcoal burning. The Tanzanian leader said that her country has embarked on an aggressive afforestation company with each district tasked with planting 1.5 million trees annually. On the transition to clean energy, President Samia disclosed that Tanzania's 14,000 villages have already been supplied with power, adding that what remains is the connection and distribution of consumers to the national grid. The Head of State said that the transition was a game changer for the country as the youth were using the clean energy in the form of electricity to create self-employment in the villages, thereby reducing the rural-urban migration phenomenon. President Samia said that the country was sourcing its electricity supplies from natural gas (50%), coal and hydro-electric dams including the Julius Nyerere Hydro-electric dam in southern Tanzania. On youth employment, President Samia disclosed that the country was promoting investment by the youth in four sectors, namely: fishing, forestry, and crop and livestock production. On his part, Somalia's President Hassan Sheikh Mohamud said that his country's entry into the EAC was the culmination of a long desire to join her neighbours in East Africa as part of robust economic and political entity. President Mohamud said that Somalia has a vast population of business-oriented people who are risk takers with a keen desire for investment in various sectors. President Mohamud said that his country has investment in agriculture, infrastructure development, energy generation and fisheries courtesy of Africa's longest national coastline of over 3,000 km. Also present at the event were Burundian Vice President Prosper Bazombanza, EAC Secretary General Hon. Veronica Nduva, Ministers, Members of the Diplomatic Community, Development Partners, among other delegates. MENAFN30112024002747001784ID1108941935 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.New Title: Tesla’s Nasdaq Surge! What It Means for GamersDr. Arthur Kennedy Critiques Dr. Bawumia’s Leadership in NPP’s 2024 CampaignDo users know how to judge the accuracy of a vertical machining center? 11-21-2024 09:44 PM CET | Industry, Real Estate & Construction Press release from: ABNewswire Methods for Judging the Accuracy of Vertical Machining Centers In the field of mechanical processing, the accuracy of vertical machining centers is of crucial importance to the processing quality. As an operator, accurately judging its accuracy is a key step in ensuring the processing effect. The following will elaborate on the methods for judging the accuracy of vertical machining centers. Determination of Related Elements of the Test Piece Materials, Tools and Cutting Parameters of the Test PieceThe selection of test piece materials, tools and cutting parameters has a direct impact on the judgment of accuracy. These elements are usually determined according to the agreement between the manufacturing factory and the user and need to be properly recorded.In terms of cutting speed, it is approximately 50 m/min for cast iron parts; while for aluminum parts, it is approximately 300 m/min. The appropriate feed rate is roughly within (0.05 - 0.10) mm/tooth. In terms of cutting depth, the radial cutting depth for all milling operations should be 0.2 mm. The reasonable selection of these parameters is the basis for accurately judging the accuracy subsequently. For example, too high a cutting speed may lead to increased tool wear and affect the processing accuracy; improper feed rate may cause the surface roughness of the processed part to fail to meet the requirements. Fixing of the Test PieceThe fixing method of the test piece is directly related to the stability during the processing. The test piece needs to be conveniently installed on a special fixture to ensure the maximum stability of the tool and the fixture. The installation surfaces of the fixture and the test piece must be flat, which is a prerequisite for ensuring the processing accuracy. At the same time, the parallelism between the installation surface of the test piece and the clamping surface of the fixture should be inspected.In terms of the clamping method, a suitable way should be used to enable the tool to penetrate and process the full length of the center hole. For example, it is recommended to use countersunk screws to fix the test piece, which can effectively avoid interference between the tool and the screws. Of course, other equivalent methods can also be selected. The total height of the test piece depends on the selected fixing method. A suitable height can ensure the stability of the position of the test piece during the processing process and reduce the accuracy deviation caused by factors such as vibration. Dimensions of the Test PieceAfter multiple cutting operations, the external dimensions of the test piece will decrease and the hole diameter will increase. When used for acceptance inspection, in order to accurately reflect the cutting accuracy of the machining center, it is recommended to select the final contour machining test piece dimensions to be consistent with those specified in the standard. The test piece can be repeatedly used in cutting tests, but its specifications should be kept within plus-minus 10% of the characteristic dimensions given by the standard. When the test piece is used again, a thin-layer cutting should be carried out to clean all the surfaces before conducting a new precision cutting test. This can eliminate the influence of the residue from the previous processing and make each test result more accurately reflect the current accuracy status of the machining center. Positioning of the Test PieceThe test piece should be placed in the middle position of the X stroke of the vertical machining center and at an appropriate position along the Y and Z axes suitable for the positioning of the test piece and the fixture as well as the length of the tool. However, when there are special requirements for the positioning position of the test piece, they should be clearly specified in the agreement between the manufacturing factory and the user. Correct positioning can ensure the accurate relative position between the tool and the test piece during the processing process, thereby effectively ensuring the processing accuracy. If the test piece is inaccurately positioned, it may lead to problems such as processing dimension deviation and shape error. For example, deviation from the central position in the X direction may cause dimension errors in the length direction of the processed workpiece; improper positioning along the Y and Z axes may affect the accuracy of the workpiece in the height and width directions. Specific Detection Items and Methods of Processing Accuracy Detection of Dimensional AccuracyAccuracy of Linear DimensionsUse measuring tools (such as calipers, micrometers, etc.) to measure the linear dimensions of the processed test piece. For example, measure the length, width, height and other dimensions of the workpiece and compare them with the designed dimensions. For machining centers with high accuracy requirements, the dimension deviation should be controlled within a very small range, generally at the micron level. By measuring the linear dimensions in multiple directions, the positioning accuracy of the machining center in the X, Y, Z axes can be comprehensively evaluated. Accuracy of Hole DiameterFor the holes processed, tools such as internal diameter gauges and coordinate measuring machines can be used to detect the hole diameter. The accuracy of the hole diameter includes not only the requirement that the diameter size meets the requirements, but also indicators such as cylindricity. If the hole diameter deviation is too large, it may be caused by factors such as tool wear and spindle radial runout. Detection of Shape AccuracyDetection of FlatnessUse instruments such as levels and optical flats to detect the flatness of the processed plane. Place the level on the processed plane and determine the flatness error by observing the change in the position of the bubble. For high-precision processing, the flatness error should be extremely small, otherwise it will affect subsequent assembly and other processes. For example, when processing the guide rails of machine tools and other planes, the flatness requirement is extremely high. If it exceeds the allowable error, it will cause the moving parts on the guide rails to run unsteadily. Detection of RoundnessFor the circular contours (such as cylinders, cones, etc.) processed, a roundness tester can be used to detect. The roundness error reflects the accuracy situation of the machining center during the rotation movement. Factors such as the rotation accuracy of the spindle and the radial runout of the tool will affect the roundness. If the roundness error is too large, it may lead to imbalance during the rotation of mechanical parts and affect the normal operation of the equipment. Detection of Position AccuracyDetection of ParallelismDetect the parallelism between processed surfaces or between holes and surfaces. For example, to measure the parallelism between two planes, a dial indicator can be used. Fix the dial indicator on the spindle, make the indicator head contact the measured plane, move the workbench, and observe the change in the dial indicator reading. Excessive parallelism error may be caused by factors such as the straightness error of the guide rail and the inclination of the workbench. Detection of PerpendicularityDetect the perpendicularity between processed surfaces or between holes and surface by using tools such as try squares and perpendicularity measuring instruments. For example, when processing box-type parts, the perpendicularity between the various surfaces of the box has an important impact on the assembly and use performance of the parts. The perpendicularity error may be caused by the perpendicularity deviation between the coordinate axes of the machine tool. Evaluation of Dynamic Accuracy Detection of VibrationDuring the processing process, use vibration sensors to detect the vibration situation of the machining center. Vibration may lead to problems such as increased surface roughness of the processed part and accelerated tool wear. By analyzing the frequency and amplitude of the vibration, it is possible to determine whether there are abnormal vibration sources, such as unbalanced rotating parts and loose components. For high-precision machining centers, the vibration amplitude should be controlled at a very low level to ensure the stability of the processing accuracy. Detection of Thermal DeformationThe machining center will generate heat during long-term operation, thereby causing thermal deformation. Use temperature sensors to measure the key components (such as the spindle and the guide rail) temperature changes and combine with measuring instruments to detect the change in the processing accuracy. Thermal deformation may lead to gradual changes in the processing dimensions. For example, the elongation of the spindle under high temperature may cause dimension deviations in the axial direction of the processed workpiece. To reduce the impact of thermal deformation on the accuracy, some advanced machining centers are equipped with cooling systems to control the temperature. Consideration of Repositioning Accuracy Comparison of the Accuracy of Multiple Processing of the Same Test PieceBy repeatedly processing the same test piece and using the above detection methods to measure the accuracy of each processed test piece. Observe the repeatability of indicators such as dimensional accuracy, shape accuracy and position accuracy. If the repositioning accuracy is poor, it may lead to unstable quality of batch-processed workpieces. For example, in mold processing, if the repositioning accuracy is low, it may cause the cavity dimensions of the mold to be inconsistent, affecting the use performance of the mold. In conclusion, as an operator, to comprehensively and accurately judge the accuracy of vertical machining centers, it is necessary to start from multiple aspects such as the preparation of test pieces (including materials, tools, cutting parameters, fixing and dimensions), the positioning of test pieces, the detection of various items of processing accuracy (dimensional accuracy, shape accuracy, position accuracy), the evaluation of dynamic accuracy, and the consideration of repositioning accuracy. Only in this way can the machining center meet the processing accuracy requirements during the production process and produce high-quality mechanical parts. Media Contact Company Name: Qingdao Taizheng Precision Machinery Co., Ltd. Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=do-you-know-how-to-judge-the-accuracy-of-a-vertical-machining-center ] Phone: 13605328581 Address:C-101, Building 31, Zhongnan High tech Jimo Technology Innovation Industrial Park, No. 76 Dazhong 1st Road, Jimo District, Qingdao Country: China Website: https://www.ncmillingmachine.com/ This release was published on openPR.