|Bid||148.70 x 1300|
|Ask||0.00 x 800|
|Day's Range||150.45 - 154.13|
|52 Week Range||130.56 - 176.62|
|PE Ratio (TTM)||22.77|
|Earnings Date||Oct 22, 2018 - Oct 26, 2018|
|Forward Dividend & Yield||2.64 (1.72%)|
|1y Target Est||176.47|
In the previous part, we discussed Caterpillar’s (CAT) debt position. In this part, we’ll discuss Caterpillar’s free cash flow and see if it’s strong enough to repay the debt. Caterpillar has been generating strong free cash flows.
At the end of the second quarter, Caterpillar’s (CAT) debt was $36.17 billion. Caterpillar’s debt increased in the second quarter after it declined for three years. Debt includes short-term borrowings, long-term debt due within one year, and long-term debt.
Second-quarter 13F SEC (U.S. Securities and Exchange Commission) filings indicate that institutional investors own 95.3% of Celanese’s (CE) outstanding shares. Of the 573 institutional investors that hold CE, 231 have increased their positions, 253 have reduced their positions, and 89 have maintained their positions.
Stanley Black's (SWK) CRAFTSMAN brand revamps with new logo, and more than 1,200 new products and tools under multiple categories.
The Craftsman brand has relaunched under new ownership, with Stanley Black & Decker Inc. adding new tools to the lineup and introducing a new logo. Stanley Black & Decker bought the Craftsman brand from Sears Holdings Corp. in 2017 for about $900 million in cash. The new tool lineup includes a VersaStack portable storage system and a new range of tape measures, including pro-quality tape measures with up to 13 feet of standout. Stanley Black & Decker shares have fallen 10.6% for the year so far while the S&P 500 index has rallied nearly 9% for the period.
TOWSON, Md., Sept. 19, 2018 /PRNewswire/ -- CRAFTSMAN®, an American icon trusted for more than 90 years and the newest addition to the Stanley Black & Decker (SWK) family of tool brands, has announced the launch of a refreshed brand identity and a new generation of tools, products and accessories. Initially, Stanley Black & Decker plans to manufacture, with global materials, approximately 30 percent of the tools in its U.S. facilities, with the goal of increasing that ratio to more than 50 percent over the next few years. "For generations, CRAFTSMAN has been the brand that helps people reach their moment of achievement," said Jeffery Doehne, General Manager of CRAFTSMAN at Stanley Black & Decker.
Building products maker Stanley Black & Decker, Inc. (NYSE: SWK ) is best-positioned within the space and should grow from a combination of management-level initiatives and a strong macro environment, ...
A press release from Caterpillar (CAT) on September 14 said that the company was included in the 2018 DJSI (Dow Jones Sustainability Index)—the company’s 19th appearance in the index. The DJSI considers economic, climate change mitigation, environment, social performance, good labor practices, and other parameters.
On September 13, 3M (MMM) announced that it was included in the 2018 DJSI (Dow Jones Sustainability Index) for the 19th consecutive time. The DJSI considers economic, climate change mitigation, environment, social performance, good labor practices, and other parameters.
On September 12, Stanley Black & Decker (SWK) announced that it entered into a definitive agreement with MTD Products to acquire its 20% stake. Stanley Black & Decker said that it would pay $234 million in cash to acquire the 20% stake. The company also has the option to acquire MTD Products’ remaining 80% stake after July 1, 2021. The stake would likely enhance Stanley Black & Decker’s existing commercial relationship with MTD Products. The companies manufacture select outdoor products under the “Craftsman” brand.
Company named to World Index for first time and North America Index for eighth consecutive year NEW BRITAIN, Conn. , Sept. 14, 2018 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) today announced that ...
Stanley Black's (SWK) acquisition of a minority stake in MTD Products to create business opportunities in the outdoor equipment market.
** Britain's Sports Direct officially ruled out a takeover bid for Debenhams after an outgoing director of the sportswear firm said the board had discussed combining the department store group with House of Fraser. ** Comcast Corp's bid of 14.75 pounds for each Sky share will now remain open for acceptance until early October, the U.S. cable giant said, adding that it has received valid acceptances for shares representing 0.29 percent of Sky Plc to date. ** Private equity firms Carlyle Group and Investindustrial are teaming up to create a high-end interior design group which is already looking for acquisitions to boost growth.
Stanley Black & Decker Inc. shares rose 1% in Wednesday trading after the company announced a 20% stake in MTD Products Inc., a private global manufacturer of power equipment for lawn and garden care, worth $234 million. Stanley Black & Decker has the option to acquire the other 80% starting July 1, 2021. MTD had 2017 revenue of $2 billion, with products including lawn tractors, mowers and snow throwers. It's an 85-year-old company headquartered in Valley City, OH. Stanley Black & Decker had an existing relationship with MTD, including the manufacture of some products under the Craftsman brand. The transaction is expected to close in early 2019. Stanley Black & Decker shares have fallen 15.6% for the year so far while the S&P 500 index has gained nearly 8% for the period.
- Provides Entry Into The Lawn And Garden Sector With Minority Stake In Leading Outdoor Power Equipment Manufacturer - Option To Acquire Remaining 80 Percent Stake Beginning In 2021 NEW BRITAIN, Conn. ...
On September 5, 3M (MMM) introduced the enhanced version of Emphaze, a hybrid purifier used in biopharmaceutical manufacturing. The new purifier helps reduce cell debris to improve the downstream process. The new Emphaze capsules are sterilization and sanitization compatible, and they can be used across various biopharmaceutical processes.
NEW BRITAIN, Conn. , Sept. 6, 2018 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) invites investors and the general public to listen to a webcast of a presentation by Don Allan , Executive Vice President ...
On August 28, 3M (MMM) announced that shingles with 3M’s Scotchgard protector have been approved by Holmes Product. The shingles with 3M Scotchgard protector should eliminate the black streaks caused by algae on roofs. However, 3M didn’t provide any financial aspects of the collaboration.
Attention dividend hunters! Stanley Black & Decker Inc (NYSE:SWK) will be distributing its dividend of US$0.66 per share on the 18 September 2018, and will start trading ex-dividend in 2Read More...
As of August 30, 3M’s (MMM) one-year forward PE multiple is 19.24x. In comparison, Honeywell (HON) and Stanley Black & Decker (SWK) have one-year forward PE multiples of ~18.5x and 15.60x, respectively. The forward PE multiple takes future earnings into consideration.
As of August 30, 3M’s (MMM) stock price has declined 10.6% in 2018. In comparison, General Electric (GE) and Stanley Black & Decker’s (SWK) stock prices have declined 25.7% and 14.9%, respectively. In contrast, Honeywell (HON) has gained 4.5%. 3M has underperformed the broader market. The S&P 500 (SPY) has gained ~9.0% year-to-date.
3M (MMM) is set to pay its third-quarter dividend on September 12. Investors who held 3M stock as of August 24 in the company’s record will be eligible for the dividend. At the end of the second quarter, 3M had 604.2 million outstanding shares. Assuming that 3M doesn’t buy back any shares until the record date, it would pay ~$821.7 million in dividends in the third quarter.