Closing Glance: Machinery stocks mostly decline

Shares of machinery companies wavered Wednesday following a disappointing profit outlook from Deere & Co.

The farm equipment company said its second-quarter profit rose 22 percent, but warned that rising material costs could cut into its profit in coming months.

Here's how some machinery stocks fared Wednesday:

Manitowoc Co., down $2.30, or 5.4 percent, to $40.58.

Terex Corp., down $1.11 to $71.48.

Cummins Inc., up $1.28 to $71.98.

Caterpillar Inc., down $1.32 to $82.75.

Deere & Co., down $8.94, or 9.9 percent, to $81.25.