Fastener Stocks See Strong Growth

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Fastener Stocks See Strong Growth

The FIN Fastener Stock Index nearly doubled its growth rate in the third quarter of 2013.

Carpenter Technologies achieved the highest percentage increase in Q3 after two consecutive quarters of share declines.

But Stanley Black & Decker and B/E Aerospace tied for second place.

During the nine months of 2013 the FINdex gained 25.1%, besting a 16.6% gain by an index of related industrial stocks.

Park-Ohio is emerging as the clear winner so far in 2013, with impressive nine-month share gains.

During the opening half of 2013 the FINdex rose 5.1%.

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