|Bid||0.0000 x 1100|
|Ask||0.0000 x 800|
|Day's Range||120.00 - 120.63|
|52 Week Range||96.50 - 129.88|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.26|
|Expense Ratio (net)||0.40%|
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.
July has been kind to the U.S. stock market even amid escalating trade tensions and rounds of tech sell-off. Dow Jones recorded the largest monthly gain of 4.7% since January while the S&P 500 and the Nasdaq Composite Index logged in the fourth consecutive monthly gains of 3.6% and 2.2%, respectively.
As we are on the verge of stepping into the third quarter of 2018, investors may be interested to in knowing which sectors can perform well ahead.Source: Shutterstock
The ISM (Institute of Supply Management) publishes a monthly manufacturing (FIDU) report on changes to new orders, supplier deliveries, inventories, production, and employment. About 400 industries (XLI) are surveyed for inputs to construct this diffusion index. Eleven indexes used these survey results, and the ISM New Orders Index captures the changes in the level of new orders at the producer (RGI) level.
The number of analysts following Stanley Black & Decker (SWK) has fallen to 22 as compared to 23 at the beginning of 2018. At present, 22 analysts are actively tracking SWK. Among them, 64% of the analysts recommended the stock as a “buy,” 36% of the analysts recommended the stock as a “hold,” while none of the analysts have a “sell” recommendation for SWK. The analyst consensus target price on SWK is $182.90, implying a return potential of 27.0% over the closing price of $144.02 as of May 30.
The Institute of Supply Management (or ISM) publishes a monthly manufacturing (FIDU) report on changes to new orders, supplier deliveries, inventories, production, and employment. The institute constructs 11 indexes using this survey and the ISM new orders index captures the changes in the level of new orders at the producer (RGI) level, which acts as an important forward indicator and thus finds its place in the Conference Board Leading Economic Index (or LEI). The ISM new orders index has an overall weight of 15.9% on the Conference Board Leading Economic Index.
The number of analysts following Stanley Black & Decker (SWK) has been hovering between 19 and 23 in the past year. At present, 22 analysts are actively tracking SWK. Among them, 64% of the analysts recommended the stock as a “buy,” 36% of the analysts recommended the stock as a “hold,” while none of the analysts have a “sell” recommendation for SWK.
I saw an article about sector exchange-traded funds recently. While the author was talking about the 11 different S&P 500 sectors and how you can trade each of them using State Street SPDRs, it got me wondering about all the other sector ETFs to own in the marketplace.
The ISM (Institute of Supply Management) publishes a monthly manufacturing report that tracks the changes in new orders, supplier deliveries, inventories, production, and employment. This ISM New Order Index is a diffusion index, and the respondents are asked to rate the conditions of their industry (VIS) as either good or bad. The ISM manufacturing report has 11 constituent indexes, and the New Order Index is one of the key ones.