|Bid||133.71 x 800|
|Ask||149.00 x 800|
|Day's Range||132.24 - 134.22|
|52 Week Range||106.41 - 155.22|
|Beta (3Y Monthly)||1.46|
|PE Ratio (TTM)||30.15|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||2.76 (2.10%)|
|1y Target Est||162.50|
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Stanley Black & Decker (SWK) have what it takes? Let's find out.
(Bloomberg Opinion) -- Good news comes with baggage for industrial companies this earnings season. United Technologies Corp., Stanley Black & Decker Inc. and Sherwin-Williams Co. all reported better-than-expected second-quarter earnings per share on Tuesday, but each company also gave investors new data points to worry about.For United Technologies, it was the fact that its aerospace businesses seem to be the only thing driving its improved outlook for sales and earnings in 2019. New equipment orders dropped 12% at Carrier in the period and 6% at the Otis elevator division, echoing reports of damped enthusiasm from industrial distributor Fastenal Co. and indications of an overall stagnation in new U.S. factory orders in June from the Institute for Supply Management. Stanley and Sherwin-Williams both left their full-year adjusted profit guidance unchanged despite notable beats in the second quarter, suggesting a cautious outlook on the rest of the year. Indeed, Stanley modestly reduced its expectation for volume growth amid a weaker outlook for industrial and emerging markets. Sherwin-Williams now expects overall revenue to increase only as much as 4% in 2019, down from an April projection of as much as 7%. Both companies think they can make up ground via price increases, but such sales weakness is troubling because Stanley and Sherwin-Williams can also be good proxies for the housing market and consumer demand.Despite the mixed results, stocks of all three companies rose Tuesday. Sherwin-Williams hit a new high and was on track for its biggest gain since 2009, while Stanley saw its biggest intraday gain since December. This is partly a reflection of lowered expectations. Industrial companies within the S&P 500 command a price-earnings ratio of about 17.5, a 10% discount to the broader benchmark’s valuation of 19.5 times profit. The average discount over the past five years is closer to 4%. Stanley had been down nearly 2% in the year leading up to Tuesday’s earnings report, owing in part to margin pressure it flagged earlier in the year. United Technologies has missed out on a nearly 4% gain in the S&P 500 after announcing a merger with Raytheon Co. that’s roused pushback from activist investors Bill Ackman and Dan Loeb.Generally speaking, though, investors appear to be choosing to prioritize the good headlines over the bad. Pentair Plc rose as much as 5.1% on Tuesday, despite relying mostly on tax benefits to beat analysts' second-quarter earnings estimates and cutting its organic growth guidance for the year. The International Monetary Fund further reduced its global growth outlook on Tuesday, saying a projected pickup from 2019’s pace in 2020 is “precarious,” with the principal risk factors being the U.S.’s various trade battles and Brexit. But for now, industrial companies are drawing on every means they have to keep the boom going, whether that’s relying on the still-robust aerospace market, pushing through price increases and cost cuts, or simply wagering a Federal Reserve interest-rate cut will boost investment.The thing about price increases is they get much trickier to pass along if demand starts to wobble. Stanley is also feeling the pain from the U.S.-China trade war. It now expects a $390 million hit to 2019 earnings from tariffs, currency swings and rising commodity prices, up from $340 million previously. Come 2020, United Technologies’ Carrier and Otis units will be spun off as independent companies, freeing the company from any future underperformance. Currency swings wiped out the modest organic revenue gain at Carrier in the second quarter, leaving it with a 1% decline in overall sales for the first six months of the year, and United Technologies lowered its full-year sales and profit outlook for the division. The flip side of United Technologies’ breakup is that it will be more exposed to an eventual downturn in aerospace markets without those two divisions, something it hopes to offset by expanding its defense business through the Raytheon deal.This willingness to look past trouble spots will be put to the test later this week when Caterpillar Inc. and 3M Co. report.(Updates stock activity in the third and fourth paragraphs.)To contact the author of this story: Brooke Sutherland at firstname.lastname@example.orgTo contact the editor responsible for this story: Beth Williams at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Stanley Black & Decker Inc. shares rose 2.1% in Tuesday premarket trading after the company reported second-quarter earnings that beat guidance. Net income totaled $356.3 million, or $2.37 per share, up from $293.6 million, or $1.93 per share, in 2018. Adjusted EPS was $2.66, ahead of the $2.54 FactSet consensus. Sales totaled $3.76 billion, up from $3.64 billion but below the $3.80 billion FactSet expectation. The company reiterated its guidance for full-year EPS of $7.50 to $7.70 and adjusted EPS of $8.50 to $8.70. The FactSet consensus is $8.62. Stanley Black & Decker stock is up 18.2% so far for 2019 while he S&P 500 index is up 19.1% for the period.
Stanley Black & Decker (NYSE: SWK ) reported second-quarter earnings of $2.66 per share, which beat the analyst consensus estimate of $2.55 by 4.31%. This is a 3.5% increase over earnings of $2.57 per ...
Stanley Black & Decker (SWK) delivered earnings and revenue surprises of 4.31% and -1.06%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
NEW BRITAIN, Conn. , July 23, 2019 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) today announced second quarter 2019 financial results. 2Q'19 Revenues Totaled $3.8 Billion , Up 3% Versus Prior Year, ...
Home improvement tools maker Stanley Black & Decker smashed earnings expectations with improved sales and reduced overhead driving the results. In the second quarter, the company reported adjusted earnings per share of $2.
(Bloomberg Opinion) -- Earnings season kicks into high gear this week, and expectations are low. Profits for the second quarter are expected to be little changed to lower from a year earlier amid the escalating trade wars and a slowing economy. Sentiment expressed in public communications by the biggest U.S. companies slumped in June to the lowest level in at least a year, according to Goldman Sachs. That sounds like a perfect time to be a contrarian.With the exception of Elon Musk and a few others, CEOs tend to be fairly reserved when discussing the outlook for earnings. They certainly want to exude confidence, but they also don’t want to set unrealistic expectations. That way they can be seen as heroes when results exceed estimates in a game known as “underpromise and overdeliver.”So when it comes to insight into performance, it pays to look at what CEOs are truly doing rather than what they are saying. And in that regards, Jim Paulsen believes U.S. businesses are in better shape than company executives are letting on judging by the level of dividend payments, which increased 7.5% on a per-share basis from Sept. 30 through Friday, Bloomberg News reported, even though profit rose only 1.1%. International Business Machines Corp., Molson Coors Brewing Co. and Stanley Black & Decker Inc. are among the members of the S&P 500 that have incraesed their dividends in recent weeks. Who is Jim Paulsen? Following the stomach-churning performance of stocks in the last quarter of 2018, during which the S&P 500 Index tumbled as much as 19.3%, few strategists were willing to declare that the bottom had been set. One who did was Leuthold Group’s Paulsen. In a research note dated Jan. 3, when the S&P 500 closed at 2,447.89, he wrote that with a little investor optimism, a dovish Federal Reserve and an economy that avoids falling into recession, the S&P 500 could soar to 3,000 for the first time.The S&P 500 did top 3,000 this month, much sooner than most anyone on Wall Street expected. So what does Paulsen think now? He says investors are likely to be pleasantly surprised by what they hear from corporate executives in coming weeks, helping to support equities. He bases that on the fact that companies continue to raise dividend payments despite recent listless profitability.Paulsen points out how the current period contrasts with the early 2000s and early 2008, when dividend increases came to a halt as profit growth stalled. More important, when S&P 500 earnings declined during 2015-16, companies continued to raise dividends and earnings ultimately began to advance anew. “Although corporate CEOs are expressing anxieties, they are ‘acting’ confidently, suggesting they continue to expect satisfying earnings results in the coming year,” Paulsen says.Are company executives in denial? Outside of metrics tracking the consumer, there are no shortage of indicators showing that the escalating trade wars are acting as a drag on the economy. The Federal Reserve Bank of Atlanta’s GDPNow index, which attempts to gauge economic growth in real time, is tracking at a weak 1.61% rate; it was above 4% this time last year.And in a Friday report, Goldman economists outlined findings drawn from 4,000 earnings and conference call transcripts by S&P 500 companies over a year that showed a “sharp increase in negative mentions” of growth. International relations, including references to foreign countries and trade, were less prominent than other topics, but negative words had surged “and appeared responsive to the slowdown in global growth and continued escalation of trade tensions.”There’s no reason to suspect the trend won’t continue this earnings season. But with profits forecast to drop 2.7% from a year earlier for members of the S&P 500, that’s to be expected. Otherwise, executives would open themselves up to criticism that they are out of touch with reality. That’s why it’s more important to watch what CEOs do this earnings season, rather than what they say.To contact the author of this story: Robert Burgess at firstname.lastname@example.orgTo contact the editor responsible for this story: Daniel Niemi at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Robert Burgess is an editor for Bloomberg Opinion. He is the former global executive editor in charge of financial markets for Bloomberg News. As managing editor, he led the company’s news coverage of credit markets during the global financial crisis.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Stanley Black & Decker's (SWK) second-quarter 2019 earnings to gain from buyouts, pricing actions and innovative capabilities. However, risks from tariffs, forex woes and commodity inflation persist.
NEW BRITAIN, Conn. , July 17, 2019 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) announced today that its Board of Directors approved a $0.03 increase of its quarterly cash dividend to $0.69 per common ...
Stanley Black & Decker (SWK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 2019 Accelerator continues focus on additive manufacturing and expands to include sustainable packaging solutions - Selected companies will relocate to Stanley Black & Decker's new Manufactory 4.0 Center ...
NEW BRITAIN, Conn., July 9, 2019 /PRNewswire/ -- At the ABB FIA Formula E Championship Season 5 Finale on July 13-14, 2019, Stanley Black & Decker (SWK) and the Envision Virgin Racing Team will create a unique, quiet racing experience for children with autism spectrum disorder (ASD). The event aims to advance inclusion and help foster understanding and acceptance of neurodiversity — the recognition of neurological differences impacting social interaction, learning, attention, mood and other mental functions.
Stanley Black & Decker Inc NYSE:SWKView full report here! Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for SWK with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting SWK. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $6.20 billion over the last one-month into ETFs that hold SWK are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. SWK credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Is Stanley Black & Decker, Inc. (NYSE:SWK) a good dividend stock? How can we tell? Dividend paying companies with...
CINCINNATI, July 01, 2019 -- The Hillman Companies, Inc. (NYSE-AMEX: HLM.PR) and The Hillman Group, Inc. (collectively, “Hillman” or the “Company”) announced today that.