stanley
STANLEY BLACK & DECKER INC. $108 (New York symbol SWK; Conservative Growth and Income Portfolios, Manufacturing & Industry sector; Shares outstanding: 153.7 million; Market cap: $16.6 billion; Price-to-sales ratio: 1.4; Dividend yield: 2.0%; TSINetwork Rating: Average; www.stanleyblackanddecker.com) continues to upgrade its operations following several years of growing through acquisitions, including its largest, the March 2010 purchase of rival toolmaker Black & Decker for $4.5 billion in stock. The efficiency improvements are freeing up cash for dividends: Stanley recently raised its payout by 5.8%. The new annual rate of $2.20 yields 2.0%. Stanley is a buy....
ISHARES MSCI CANADA INDEX FUND $25.90 (New York symbol EWC; buy or sell through brokers; ca.ishares.com) holds the stocks in the Morgan Stanley Capital International Canada Index. The fund has a 0.48% MER and yields 1.6%.
The index’s top holdings are Royal Bank, 7.2%; TD Bank, 6.4%; Valeant Pharmaceuticals, 6.0%; Bank of Nova Scotia, 5.1%; CN Railway, 3.9%; Suncor Energy, 3.3%; Enbridge, 3.3%; Bank of Montreal, 3.1%; and Manulife Financial, 3.0%.
If you want to own a Canadian index fund, you should buy the iShares S&P/TSX 60 Index Fund (see previous page). You’ll pay about a third of the management fees.
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The index’s top holdings are Royal Bank, 7.2%; TD Bank, 6.4%; Valeant Pharmaceuticals, 6.0%; Bank of Nova Scotia, 5.1%; CN Railway, 3.9%; Suncor Energy, 3.3%; Enbridge, 3.3%; Bank of Montreal, 3.1%; and Manulife Financial, 3.0%.
If you want to own a Canadian index fund, you should buy the iShares S&P/TSX 60 Index Fund (see previous page). You’ll pay about a third of the management fees.
...
STANLEY BLACK & DECKER INC. $108 (New York symbol SWK; Conservative Growth and Income Portfolios, Manufacturing & Industry sector; Shares outstanding: 153.7 million; Market cap: $16.6 billion; Price-to-sales ratio: 1.4; Dividend yield: 2.0%; TSINetwork Rating: Average; www.stanleyblackanddecker.com) continues to upgrade its operations following several years of growing through acquisitions, including its largest, the March 2010 purchase of rival toolmaker Black & Decker for $4.5 billion in stock.
The efficiency improvements are freeing up cash for dividends: Stanley recently raised its payout by 5.8%. The new annual rate of $2.20 yields 2.0%.
Stanley is a buy.
...
The efficiency improvements are freeing up cash for dividends: Stanley recently raised its payout by 5.8%. The new annual rate of $2.20 yields 2.0%.
Stanley is a buy.
...
Exchange traded funds (ETFs) are set up to mirror the performance of a stock market index or sub-index. They hold a more or less fixed selection of securities that represent the holdings that go into the calculation of the index or sub-index. ETFs trade on stock exchanges, just like stocks. That’s different from mutual funds, which you can only buy at the end of the day at a price that reflects the fund’s value at the close of trading. Prices of ETFs are quoted in newspaper stock tables and online. You pay brokerage commissions to buy and sell them, but their low management fees give them a cost advantage over most mutual funds....
Home renovations spurred by an improved real estate market help keep Stanley Black and Decker one on our best stocks to buy in the U.S.
Shares of these two toolmakers have risen strongly in the past few months. We like the long-term outlook for both of them, but we feel Stanley offers better value than Snap-On (see box) right now. STANLEY BLACK & DECKER INC. $103 (New York symbol SWK; Conservative Growth and Income Portfolios, Manufacturing & Industry sector; Shares outstanding: 153.7 million; Market cap: $15.8 billion; Price-to-sales ratio: 1.4; Dividend yield: 2.0%; TSINetwork Rating: Average; www.stanleyblack anddecker.com) is one of the world’s largest makers of hand and power tools for consumers. Its top-selling brands include Stanley, Black & Decker, FatMax and Powerlock. This business supplies 62% of the company’s sales. Stanley also makes building-security products, such as locks and gates (19% of sales) and specialized tools for industrial users, including auto mechanics and construction firms (19%)....
STANLEY BLACK & DECKER INC. $103 (New York symbol SWK; Conservative Growth and Income Portfolios, Manufacturing & Industry sector; Shares outstanding: 153.7 million; Market cap: $15.8 billion; Price-to-sales ratio: 1.4; Dividend yield: 2.0%; TSINetwork Rating: Average; www.stanleyblack anddecker.com) is one of the world’s largest makers of hand and power tools for consumers. Its top-selling brands include Stanley, Black & Decker, FatMax and Powerlock. This business supplies 62% of the company’s sales.
Stanley also makes building-security products, such as locks and gates (19% of sales) and specialized tools for industrial users, including auto mechanics and construction firms (19%).
The company has a long history of using acquisitions to diversify its operations. Since 2002, it has spent $6.2 billion buying related firms, excluding its March 2010 purchase of rival toolmaker Black & Decker for $4.5 billion in stock.
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Stanley also makes building-security products, such as locks and gates (19% of sales) and specialized tools for industrial users, including auto mechanics and construction firms (19%).
The company has a long history of using acquisitions to diversify its operations. Since 2002, it has spent $6.2 billion buying related firms, excluding its March 2010 purchase of rival toolmaker Black & Decker for $4.5 billion in stock.
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ISHARES MSCI CANADA INDEX FUND $27.18 (New York symbol EWC; buy or sell through brokers; ca.ishares.com) holds the stocks in the Morgan Stanley Capital International Canada Index. The fund has a 0.49% MER.
The index’s top holdings are Royal Bank, 7.0%; TD Bank, 8.3%; Valeant Pharmaceuticals, 5.2%; Bank of Nova Scotia, 4.9%; CN Railway, 4.4%; Suncor Energy, 3.3%; Enbridge, 3.3%; Bank of Montreal, 3.1%; and Manulife Financial, 2.7%.
If you want to own a Canadian index fund, you should buy the iShares S&P/TSX 60 Index Fund (see previous page). You’ll pay about a third of the management fees.
...
The index’s top holdings are Royal Bank, 7.0%; TD Bank, 8.3%; Valeant Pharmaceuticals, 5.2%; Bank of Nova Scotia, 4.9%; CN Railway, 4.4%; Suncor Energy, 3.3%; Enbridge, 3.3%; Bank of Montreal, 3.1%; and Manulife Financial, 2.7%.
If you want to own a Canadian index fund, you should buy the iShares S&P/TSX 60 Index Fund (see previous page). You’ll pay about a third of the management fees.
...
Exchange traded funds (ETFs) are set up to mirror the performance of a stock market index or sub-index. They hold a more or less fixed selection of securities that represent the holdings that go into the calculation of the index or sub-index. ETFs trade on stock exchanges, just like stocks. That’s different from mutual funds, which you can only buy at the end of the day at a price that reflects the fund’s value at the close of trading. Prices of ETFs are quoted in newspaper stock tables and online. You pay brokerage commissions to buy and sell them, but their low management fees give them a cost advantage over most mutual funds....
UNITED TECHNOLOGIES CORP., $118.74, New York symbol UTX, announced this week that it’s considering selling or spinning off its Sikorsky helicopter division. The company expects to make a final decision by the end of 2015. Sikorsky supplied 11% of United Technologies’ 2014 revenue but just 2% of its profits. That’s mainly due to a one-time charge after it renegotiated a contract to build helicopters for the Canadian government. The helicopter business has little in common with United Technologies’ larger divisions (Otis elevators, Carrier heating and air conditioning, Pratt & Whitney jet engines, and aircraft controls), so spinning it off makes sense....