|Bid||126.50 x 1000|
|Ask||133.50 x 1000|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.34|
|Expense Ratio (net)||0.40%|
Though April manufacturing activity index slumped to a two-year low, a dovish Fed, likelihood of a U.S.-China trade deal, decent earnings beat ratio in the first-quarter present industrial ETFs as good bets.
Stanley Black & Decker: What to Expect from Its Q4 Earnings(Continued from Prior Part)Analysts’ recommendations The number of analysts following Stanley Black & Decker (SWK) has remained consistent in the past six months. Currently, 21
Key Updates from the Industrial Sector Last Week (Continued from Prior Part) ## Cummins appoints new CFO On January 10, 2019, Cummins (CMI) announced that Pat Ward, its current CFO, will retire from his position. Cummins also announced that Mark Smith would be replacing Ward as CFO, effective on March 31, 2019. Ward has worked with Cummins for more than 30 years. Tom Linebarger, Cummins’ chair and CEO, said, “Pat has had an extraordinary career at Cummins. He has worked in nearly every part of our company during his 31-year tenure. He has helped many business leaders, including me, figure out where the business needs improvement and what to focus on first. Pat has also coached and developed many of our financial leaders in the company, inspiring them to be the best that they can be.” Ward’s successor, Mark Smith, has also worked with Cummins for more than 20 years. He has served as the vice president of financial operations and has led investor relations, business planning and analysis, and capital management departments at Cummins. ## Stock price update Cummins had a positive week. The stock gained ~2.5% and closed at $139.54 for the week ending January 11, 2019. The gains helped the stock to narrow its 100-day moving average gap and traded 1.5% below the 100-day moving average price of $141.69. So far in 2019, the stock has gained 6.0%. Cummins peers Caterpillar (CAT), Deere (DE), and General Electric (GE) have gained 5.2%, 9.0%, and 19%, respectively. Last week, Cummins outperformed the Invesco S&P 500 Equal Weight Industrials ETF (RGI), which gained 4.0%. The fund has invested 1.5% of its holdings in Cummins as of January 11, 2019. Cummins has a relative strength index of 57, which indicates that the stock isn’t overbought or oversold. Browse this series on Market Realist: * Part 1 - Honeywell to Collaborate with Optoro on Reverse Logistics * Part 2 - Deere Gets Six Agricultural Innovation Awards
As of December 20, Illinois Tool Works’ (ITW) dividend yield stood at 2.84%—an increase of 32 basis points compared to the dividend yield in the third quarter. 3M (MMM), Stanley Black & Decker (SWK), and Honeywell (HON) have dividend yields of 2.86%, 2.25%, and 2.46%, respectively.
In the latest short interest report on November 2, the data indicated that Illinois Tool Works’ (ITW) short interest was at its highest point of 2018. According to the report, ITW’s short interest was 1.56% of its outstanding shares compared to 1.27% on October 15. The increase in its short interest suggests a rise in negative sentiments toward the stock. As a result, its short interest ratio is ~3.05x, indicating that it would require three days to cover all of the short positions in the stock.
In a press release on November 9, Cummins (CMI) announced that it would display the new QSG12 50 HZ diesel generator series at the MATELEC show in Madrid, Spain. The show will be held on November 13–16. Cummins will introduce two new models—C400D5 and C450D5. These models will be powered by Cummins’ four-cycle, inline, six-cylinder dual speed engine.
On October 30, Stanley Black & Decker (SWK) announced that it had priced its notes. SWK is issuing $1 billion in two tranches: $500 million aggregate principal amount carrying a coupon rate of 4.25% due on 2028 $500 million aggregate principal amount carrying a coupon rate of 4.85% notes due 2048
Cummins (CMI) reported its third-quarter earnings today before the markets opened. The engine manufacturer (IYJ) beat Thomson Reuters’ adjusted EPS estimate of $3.75 by a wide margin of 7.80%. Cummins’ third-quarter adjusted EPS of $4.05 were up 49.4% YoY (year-over-year) from $2.71 in Q3 2017.
On October 25, Stanley Black & Decker (SWK) announced that Home Depot (HD) will be the exclusive retailer for its Stanley hand tools and storage product portfolio. The STANLEY FATMAX product line will also be offered exclusively at Home Depot—in the store and online. Jeff Ansell, Stanley Black & Decker’s executive vice president and president of the global tools and storage business, said, “This partnership with The Home Depot represents an exciting alignment that provides both pro and DIY consumers with unparalleled access to the world-class STANLEY and STANLEY FATMAX portfolios.
Honeywell International’s (HON) SPS (Safety and Productivity Solutions) segment is the smallest but fastest-growing segment. The segment’s revenue growth was primarily driven by its Intelligrated business, which grew 15% in the third quarter. Sensing and safety products also had volume growth and pushed the segment’s revenue.