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SWK Stanley Black & Decker

Stanley Black & Decker, Inc., formerly known as The Stanley Works, is a Fortune 500 American manufacturer of industrial tools and household hardware and provider of security products. Headquartered in the greater Hartford city of New Britain, Connecticut, Stanley Black & Decker is the result of the merger of Stanley Works and Black & Decker on March 12, 2010. The Stanley Works came to existence as a direct result of the 1920 merger of Stanley's Bolt Manufactory, founded by Frederick Trent Stanley in 1843, and the Stanley Rule and Level Company, founded by Frederick's cousin, Henry Stanley, in 1857.

Company profile

Ticker
SWK, SWT
Exchange
CEO
James Loree
Employees
Incorporated
Location
Fiscal year end
Former names
STANLEY WORKS
SEC CIK
IRS number
60548860

SWK stock data

(
)

Calendar

28 Apr 21
14 Jun 21
2 Jan 22
Quarter (USD)
Apr 21 Jan 21 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jan 21 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 958.7M 958.7M 958.7M 958.7M 958.7M 958.7M
Cash burn (monthly) 146.53M 3.3M (positive/no burn) (positive/no burn) 52.6M (positive/no burn)
Cash used (since last report) 347.4M 7.82M n/a n/a 124.7M n/a
Cash remaining 611.3M 950.88M n/a n/a 834M n/a
Runway (months of cash) 4.2 288.1 n/a n/a 15.9 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
10 May 21 Ayers Andrea J. Common Stock Grant Aquire A No No 208.8475 766 159.98K 2,215.159
10 May 21 Buckley George W Common Stock Grant Aquire A No No 208.8475 766 159.98K 2,765.198
10 May 21 Campbell Patrick D Common Stock Grant Aquire A No No 208.8475 766 159.98K 2,215.159
10 May 21 Cardoso Carlos M Common Stock Grant Aquire A No No 208.8475 766 159.98K 2,215.159
10 May 21 Coutts Robert B Common Stock Grant Aquire A No No 208.8475 766 159.98K 2,215.159

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

87.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 853 42 +1931.0%
Opened positions 822 4 +20450.0%
Closed positions 11 4 +175.0%
Increased positions 20 22 -9.1%
Reduced positions 11 11
13F shares
Current Prev Q Change
Total value 28.08B 802.34M +3400.2%
Total shares 140.67M 7.2M +1853.2%
Total puts 2.24M 0 NEW
Total calls 1.07M 0 NEW
Total put/call ratio 2.1
Largest owners
Shares Value Change
Vanguard 12.94M $2.58B NEW
JPM JPMorgan Chase & Co. 12.33M $2.46B +38021.8%
BLK Blackrock 10.71M $2.14B +1570.1%
Capital Research Global Investors 10.66M $2.13B +847.2%
Massachusetts Financial Services 7.4M $1.48B NEW
STT State Street 7.17M $1.43B +3764.0%
WFC Wells Fargo & Co. 6.33M $1.26B +56347.6%
Amundi Pioneer Asset Management 3.82M $763.58M NEW
Barrow Hanley Mewhinney & Strauss 2.78M $554.95M NEW
Geode Capital Management 2.68M $534.26M NEW
Largest transactions
Shares Bought/sold Change
Vanguard 12.94M +12.94M NEW
JPM JPMorgan Chase & Co. 12.33M +12.3M +38021.8%
BLK Blackrock 10.71M +10.07M +1570.1%
Capital Research Global Investors 10.66M +9.53M +847.2%
Massachusetts Financial Services 7.4M +7.4M NEW
STT State Street 7.17M +6.98M +3764.0%
WFC Wells Fargo & Co. 6.33M +6.31M +56347.6%
Amundi Pioneer Asset Management 3.82M +3.82M NEW
Barrow Hanley Mewhinney & Strauss 2.78M +2.78M NEW
Geode Capital Management 2.68M +2.68M NEW

Financial report summary

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Risks
  • The continued adverse effects of the COVID-19 pandemic and an indeterminate recovery period could have a materially negative impact on the Company’s business, operations, financial condition, results of operations, and liquidity, the nature and extent of which is highly uncertain.
  • Changes in customer preferences, the inability to maintain mutually beneficial relationships with large customers, inventory reductions by customers, and the inability to penetrate new channels of distribution could adversely affect the Company’s business.
  • The Company faces active global competition and if it does not compete effectively, its business may suffer.
  • Customer consolidation could have a material adverse effect on the Company’s business.
  • Low demand for new products and the inability to develop and introduce new products at favorable margins could adversely impact the Company’s performance and prospects for future growth.
  • The pace of technological change continues to accelerate and the Company's ability to react effectively to such change may present significant competitive risks.
  • The Company has significant operations outside of the United States, which are subject to political, legal, economic and other risks arising from operating outside of the United States.
  • The Company’s business is subject to risks associated with sourcing and manufacturing overseas.
  • The Company’s success depends on its ability to improve productivity and streamline operations to control or reduce costs.
  • The Company’s results of operations could be negatively impacted by inflationary or deflationary economic conditions which could affect the ability to obtain raw materials, component parts, freight, energy, labor and sourced finished goods in a timely and cost-effective manner.
  • Uncertainty about the financial stability of economies outside the U.S. could have a significant adverse effect on the Company's business, results of operations and financial condition.
  • Continuing uncertainty associated with Brexit could adversely affect the Company’s business.
  • The Company is exposed to market risk from changes in foreign currency exchange rates which could negatively impact profitability.
  • The Company has incurred, and may incur in the future, significant indebtedness, and may in the future issue additional equity securities, including in connection with mergers or acquisitions, which may impact the manner in which it conducts business or the Company’s access to external sources of liquidity. The potential issuance of such securities may limit the Company’s ability to implement elements of its growth strategy and may have a dilutive effect on earnings.
  • The Company is exposed to counterparty risk in its hedging arrangements.
  • Tight capital and credit markets or the failure to maintain credit ratings could adversely affect the Company by limiting the Company’s ability to borrow or otherwise access liquidity.
  • The Company is exposed to credit risk on its accounts receivable.
  • If the Company were required to write-down all or part of its goodwill, indefinite-lived trade names, or other definite-lived intangible assets, its net income and net worth could be materially adversely affected.
  • If the investments in employee benefit plans do not perform as expected, the Company may have to contribute additional amounts to these plans, which would otherwise be available to cover operating expenses or other business purposes.
  • The successful execution of the Company’s business strategy depends on its ability to recruit, retain, train, motivate, and develop employees and execute effective succession planning.
  • The Company’s acquisitions, as well as general business reorganizations, may result in significant costs and certain risks for its business and operations.
  • Expansion of the Company’s activity in emerging markets may result in risks due to differences in business practices and cultures.
  • The Company’s brands are important assets of its businesses and violation of its trademark rights by imitators, or the failure of its licensees or vendors to comply with the Company’s product quality, manufacturing requirements, marketing standards, and other requirements could negatively impact revenues and brand reputation. Any inability to protect the Company's other intellectual property rights could also reduce the value of its products and services or diminish its competitiveness.
  • The Company is exposed to risks related to cybersecurity.
  • Significant judgment and certain estimates are required in determining the Company’s worldwide provision for income taxes. Future tax law changes and audit results may materially increase the Company’s prospective income tax expense.
  • The Company’s failure to continue to successfully avoid, manage, defend, litigate and accrue for claims and litigation could negatively impact its results of operations or cash flows.
  • The Company’s products could be recalled.
  • The Company’s sales to government customers exposes it to business volatility and risks, including government budgeting cycles and appropriations, procurement regulations, governmental policy shifts, early termination of contracts, audits, investigations, sanctions and penalties.
  • The Company’s results of operations and earnings may not meet guidance or expectations.
Management Discussion
  • ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • Throughout this Management's Discussion and Analysis (“MD&A”), references to Notes refer to the "Notes To (Unaudited) Condensed Consolidated Financial Statements" in Part 1, Item 1 of this Form 10-Q, unless otherwise indicated.
  • The Company is a diversified global industrial provider of hand tools, power tools, outdoor products and related accessories, engineered fastening systems and products, services and equipment for oil & gas and infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and automatic doors. The Company continues to execute a growth and acquisition strategy over the long-term that involves industry, geographic and customer diversification to foster sustainable revenue, earnings and cash flow growth. The Company remains focused on delivering above-market organic growth with margin expansion by leveraging its proven and long-standing Stanley Black & Decker Operating Model (“SBD Operating Model”) which has continually evolved over the past 15 years as times have changed. At the center of the SBD Operating Model is the concept of the interrelationship between people and technology, which intersect and interact with the other key elements: Performance Resiliency, Extreme Innovation, Operations Excellence and Extraordinary Customer Experience. Each of these elements co-exists synergistically with the others in a systems-based approach. The Company will leverage the SBD Operating Model to continue making strides towards achieving its vision of delivering top-quartile financial performance, becoming known as one of the world’s leading innovators and elevating its commitment to social responsibility.
Content analysis
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Positive
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Uncertain
Constraining
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Readability
H.S. freshman Avg
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