Stanley Black & Decker (SWK)

Rentabilidad algo baja, del 1.85% a cotización actual, pero 51 años incrementando dividendos con crecimientos medios (DGR1=6,60%, DGR3=6,40%, DGR5=5,40% y DGR10=7,40%)

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Siempre en subida aunque dió un pequeño respiro a final de 2018, que daba un 2.5% de RPD.

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Stanley Black & Decker Reports 3Q 2019 Results (24/10/2019)

  • 3Q’19 Revenues Totaled $3.6 Billion, Up 4% Versus Prior Year, Driven By Organic Growth And Acquisitions
  • Operating Margin Rate Was 13.3%; Excluding Charges Operating Margin Rate Was 14.5%, Flat Versus Prior Year While Overcoming $90 Million Of External Headwinds
  • 3Q’19 Diluted GAAP EPS Was $1.53; Excluding Charges, 3Q’19 Diluted EPS Was $2.13
  • Announcing New Cost Reduction Program Expected To Deliver $200 Million In Annual Cost Savings
  • Revising 2019 Full Year Diluted GAAP EPS Guidance Range To $6.50 - $6.60 From $7.50 - $7.70 And Adjusted EPS Guidance Range To $8.35 - $8.45 From $8.50 - $8.70

3Q’19 Key Points:

  • Net sales for the quarter were $3.6 billion, up 4% versus prior year, as positive contributions from volume (+3%), acquisitions (+3%) and price (+1%) more than offset currency (-2%) and divestitures (-1%).
  • The gross margin rate for the quarter was 34.1%. Excluding charges, the gross margin rate for the quarter was 34.3%, down 120 basis points versus prior year as volume leverage, productivity and price were more than offset by tariffs and foreign exchange.
  • SG&A expenses were 20.8% of sales. Excluding charges, SG&A expenses were 19.8% of sales compared to 21.0% in 3Q’18, reflecting continued disciplined cost management.
  • The tax rate was 20.1%. Excluding charges, the tax rate was 21.5% versus 19.5% in 3Q’18.
  • Average diluted shares outstanding for the quarter were 150.6 million, consistent with the prior year.
  • Working capital turns for the quarter were 5.9, up 0.2 turns versus prior year.

2019 Outlook & Cost Reduction Program

  • Management is revising its 2019 EPS outlook to $6.50 - $6.60 from $7.50 - $7.70 on a GAAP basis primarily due to restructuring charges associated with the cost reduction program announced today, in addition to the factors below.
  • The Company is reducing its adjusted EPS range to $8.35 - $8.45 from $8.50 - $8.70 and reiterating its free cash flow conversion estimate of approximately 85% - 90%.
  • The cost reduction program is currently being implemented and is expected to deliver $200 million in annual cost savings with an approximate pre-tax restructuring charge of $150 million expected to be recognized primarily in 2019.

Full Year And 4Q 2019 Results (29/01/2020)

  • Full Year Revenues Totaled $14.4 Billion, Up 3% Versus Prior Year, With 3% Organic Growth
  • Full Year Operating Margin Rate Was 12.2%; Excluding Charges, Full Year Operating Margin Rate Was 13.5%, Relatively Consistent Versus Prior Year Despite $445 Million In External Headwinds
  • Full Year Diluted GAAP EPS Was $6.35; Excluding Charges, Full Year Diluted EPS Was $8.40, Up 3% Versus Prior Year
  • Full Year Free Cash Flow Was $1.1 Billion, 113% Of Net Income
  • 4Q’19 Revenues Totaled $3.7 Billion, Up 2% Versus Prior Year
  • 4Q’19 Operating Margin Rate Was 11.8%; Excluding Charges 4Q’19 Operating Margin Rate Was 13.6%, Up 30 Basis Points Versus Prior Year
  • 4Q’19 Diluted GAAP EPS Was $1.32; Excluding Charges, 4Q’19 Diluted EPS Was $2.18
  • Expect 2020 Full Year Diluted GAAP EPS Of $8.05 To $8.35; Adjusted EPS Of $8.80 - $9.00; 2020 Free Cash Flow Conversion To Approximate 90%-100%
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Stanley Black & Decker EPS beats by $0.27, beats on revenue (Jan. 28, 2021):

  • Q4 Non-GAAP EPS of $3.29 beats by $0.27; GAAP EPS of $2.88 beats by $0.29.
  • Revenue of $4.4B (+18.6% Y/Y) beats by $300M.
  • Organic growth of 16% vs. +9.9% consensus, (guided ~10%); and Operating income of $685.6M vs. $692.8M consensus.
  • Guidance: FY21 Diluted GAAP EPS Of $9.15 To $9.85; Adjusted EPS Of $9.70 - $10.30 vs. $9.61 consensus.
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Pues con las rentabilidades que está dando actualmente me subo al carro de SWK y abro posición en esta empresa. La marca es la marca y a largo creo que se seguirán utilizando estas herramientas.

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Instagram Alerta SWK Texto

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Lleva mas de un 35% de caida desde los resultados de febrero, no es demasiado?. Con la presumible subida de dividendo que le toca es posible que supere el 3% de rendimiento. Es toda una aristócrata, oportunidad?.

Yo tenía marcada la 1ª entrada a 105$ que sería RPD 3%

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Es que no acabo de entender semejante caida en pocos meses. Vamos a seguirla atentamente porque puede ser una buena oportunidad de inversión.

Yo abrí posición con 10 acciones a 118$. No sé si me precipité pero bueno, estaba en torno al 2,60% de rentabilidad y siendo el empreson que es no me la jugué a que por unos dólares se me escapara

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Sigue a lo suyo, desangrándose. Mas del 50% de caída en un año y es toda una aristócrata del dividendo. Dividendo ya superior al 3% y con la subida de este año a la vuelta de la esquina. No acabo de entender semejante caída.

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La espero por debajo de 100$. Antes, ni pestañear…

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No hace mucho leí una recomendación para no entrar de momento. El caso es que ni sé donde lo leí ni el motivo concreto pero sí, en el rádar está…
Saludos

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