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Analyst Report: Stanley Black & Decker Inc

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Stanley Black & Decker, Inc. (SWK) Stock Forecasts

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Argus•February 05, 2024

Symbols

SWK

Sector(s)

Industrials

Rating

Current Price

$88.77

Price Target

Earnings Estimate

Summary

Stanley Black & Decker was formed from the combination of Stanley Works and Black & Decker in 2010. The company’s headquarters is in New Britain, Connecticut, where Stanley has been based. The company generated approximately $15.8 billion in 2022 revenue. SWK operates within a divisional structure, with approximately 85% of revenue coming from the Tools and Storage segment, about 15% from the Industrial segments. Approximately 60% percent of revenue is generated in the U.S. The company has now paid a dividend for 147 consecutive years and raised it for 56 consecutive years. Key brands include: Stanley, Craftsman, DeWalt, Black & Decker, Cub Cadet, and Troy-Built.
The Tools & Outdoor segment is approximately 47% power tools; 28% hand tools; storage, and accessories; and 25% outdoor equipment. The Industrial segment is 75% engineered fastening and 25% infrastructure. The company expects to divest the Infrastructure business in 1Q24.

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Analyst Profile

Chris Graja, CFA

Senior Analyst: Retail

Chris covers the Consumer sector for Argus. He was the #1 Stock Picker in the Household Durables sector, winning the 2019 StarMine U.S. Analyst award from Refinitiv. He was the #1 Stock Picker in Food and Staples Retailing, winning back-to-back U.S. Analyst Awards in 2015 and 2016. He received a prestigious Volunteer of the Year award from the New York Society of Security Analysts in 2000. Prior to Argus, Chris spent 16 years at Bloomberg Financial Markets. He was the Director of Training and a Senior Researcher for Bloomberg’s research division before joining the new Bloomberg magazine as Technical Studies Editor in 1993. He rose to Executive Markets Editor of the publishing group. Chris co-authored the book “Investing in Small-Cap Stocks,” which was published in three U.S. editions, an audio book, and two Chinese editions. Chris earned an MBA from Rutgers University. He is a CFA charterholder.

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