Stanley Black & Decker is a purpose-driven, $14.5 billion revenue industrial organization. Stanley Black & Decker has 53,000 employees in more than 60 countries and operates the world's largest tools and storage business, the world's second-largest commercial electronic security services company, a leading engineered fastening business as well as Oil & Gas and Infrastructure businesses. The company's iconic brands include BLACK+DECKER, Bostitch, CRAFTSMAN, DEWALT, FACOM, IRWIN, LENOX, Porter Cable and STANLEY. Stanley Black & Decker is a company for the makers and innovators, the craftsmen and the caregivers, and those doing the hard work to make the world a better place.

Company profile
Ticker
SWK, SWT
Exchange
Website
CEO
James Loree
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
STANLEY WORKS
SEC CIK
Corporate docs
Subsidiaries
3xLogic, Inc. • 3xLogic Indiana, LLC • 3xLogic Florida, LLC • 3-V Fastener Co., Inc. • 8 Commerce Drive, LLC • AeroFit LLC • AeroScout (US) LLC • AeroScout LLC • ASIA FASTENING (US), INC. • B&D Holdings, Inc. ...
IRS number
60548860
SWK stock data
News
Goldman Sachs Maintains Neutral on Stanley Black & Decker, Lowers Price Target to $122
23 Jun 22
Analyst Ratings for Stanley Black & Decker
31 May 22
Morgan Stanley Maintains Overweight on Stanley Black & Decker, Lowers Price Target to $137
31 May 22
Stocks That Hit 52-Week Lows On Monday
16 May 22
EXCLUSIVE: Desktop Metal CEO Talks Triple Digit Growth In 3D Printing Space
9 May 22
Press releases
DEWALT's First-Ever Biodegradable Chainsaw Oil Helps Reduce Environmental Impact and is Proudly Made in the USA
23 Jun 22
Go Cordless: DEWALT Shares Top Tips for Residential Contractors Seeking to Boost Productivity During Peak Building Season
13 Jun 22
Allegion Announces Pricing of $600 Million of Senior Notes
7 Jun 22
Allegion Proposes Public Offering of Senior Notes
7 Jun 22
Delivering the Runtime and Performance Professionals Demand, CRAFTSMAN® Expands New V20* BRUSHLESS RP™ Line
1 Jun 22
Analyst ratings and price targets
Current price
Average target
$151.00
Low target
$110.00
High target
$183.00
Goldman Sachs
Maintains
$122.00
Morgan Stanley
Maintains
$137.00
Citigroup
Maintains
$110.00
Wells Fargo
Maintains
$158.00
Mizuho
Downgraded
$145.00
JP Morgan
Maintains
$159.00
Deutsche Bank
Maintains
$183.00
Credit Suisse
Initiated
$165.00
Barclays
Maintains
$180.00
Calendar
28 Apr 22
26 Jun 22
31 Dec 22
Financial summary
Quarter (USD) | Apr 22 | Jan 22 | Oct 21 | Jul 21 | |
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Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Jan 22 | Jan 21 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 320.5M | 320.5M | 320.5M | 320.5M | 320.5M | |
Cash burn (monthly) | (no burn) | 53.18M | (no burn) | 413.7M | 35.02M | |
Cash used (since last report) | n/a | 149.2M | n/a | 1.16B | 98.24M | |
Cash remaining | n/a | 171.3M | n/a | -840.1M | 222.26M | |
Runway (months of cash) | n/a | 3.2 | n/a | -2.0 | 6.3 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
21 Jun 22 | Ayers Andrea J. | Common Stock | Grant | Acquire A | No | No | 104.215 | 25.581 | 2.67K | 3,869.105 |
21 Jun 22 | Ayers Andrea J. | Deferred Shares Common Stock | Grant | Acquire A | No | No | 104.215 | 58.108 | 6.06K | 8,016.724 |
21 Jun 22 | Campbell Patrick D | Common Stock | Grant | Acquire A | No | No | 104.215 | 25.581 | 2.67K | 3,400.105 |
21 Jun 22 | Campbell Patrick D | Deferred Shares Common Stock | Grant | Acquire A | No | No | 104.215 | 167.032 | 17.41K | 22,201.544 |
21 Jun 22 | Cardoso Carlos M | Common Stock | Grant | Acquire A | No | No | 104.215 | 25.581 | 2.67K | 3,400.105 |
21 Jun 22 | Cardoso Carlos M | Deferred Shares Common Stock | Grant | Acquire A | No | No | 104.215 | 117.122 | 12.21K | 15,567.646 |
21 Jun 22 | Coutts Robert B | Common Stock | Grant | Acquire A | No | No | 104.215 | 25.581 | 2.67K | 3,400.105 |
21 Jun 22 | Coutts Robert B | Deferred Shares Common Stock | Grant | Acquire A | No | No | 104.215 | 150.457 | 15.68K | 19,998.324 |
21 Jun 22 | Crew Debra Ann | Common Stock | Grant | Acquire A | No | No | 104.215 | 25.581 | 2.67K | 3,400.105 |
21 Jun 22 | Crew Debra Ann | Deferred Shares Common Stock | Grant | Acquire A | No | No | 104.215 | 67.862 | 7.07K | 9,359.983 |
Institutional ownership, Q1 2022
89.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 849 |
Opened positions | 96 |
Closed positions | 153 |
Increased positions | 323 |
Reduced positions | 280 |
13F shares | Current |
---|---|
Total value | 18.61B |
Total shares | 134.72M |
Total puts | 1.06M |
Total calls | 1.6M |
Total put/call ratio | 0.7 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 18.62M | $2.6B |
BLK Blackrock | 11.02M | $1.54B |
Massachusetts Financial Services | 8.1M | $1.13B |
STT State Street | 7.57M | $1.06B |
WFC Wells Fargo & Co. | 4.63M | $647.26M |
JPM JPMorgan Chase & Co. | 4.38M | $612.27M |
Amundi | 3.19M | $443.92M |
Barrow Hanley Mewhinney & Strauss | 3.14M | $438.81M |
Geode Capital Management | 3.08M | $430.03M |
Capital Research Global Investors | 3.06M | $427.19M |
Financial report summary
?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 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, as well as lead to changes in interest rate environments which impact its cost of funds, the general strength of the economy and demand for its products in the market.
- 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.
- 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.
- 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.
- The Company has identified material weaknesses in its internal control over financial reporting. If not remediated, the Company’s failure to establish and maintain effective disclosure controls and procedures and internal control over financial reporting could result in material misstatements in its financial statements and a failure to meet its reporting and financial obligations, each of which could have a material adverse effect on the Company’s financial condition and the trading price of its common stock.
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 provider of hand tools, power tools, outdoor products and related accessories, engineered fastening systems and products, and services and equipment for oil & gas and infrastructure applications. The Company continues to execute a growth and acquisition strategy 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
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
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New words:
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Removed:
achieved, achievement, acquire, acquiring, Additionally, Administration, aging, alarm, allocating, American, annually, approximated, ARPA, arrangement, assessed, automatically, Aviation, backlog, billing, Boeing, brick, CAM, care, carryback, case, centralized, charge, charged, COBRA, collected, complexity, consistently, Conversely, cooperative, covered, CSR, decelerating, decreasing, deduction, defense, deferment, delinquent, depreciation, determinable, direct, disallowance, distinct, earned, eCommerce, elapsed, emergency, employed, employee, employer, ensured, estimation, evaluate, exclusion, executing, exercising, expand, expanded, extension, FAA, fall, favorable, finance, fire, footprint, forecast, franc, France, fulfilled, functionality, good, grounding, headcount, impairment, inability, increasing, infant, input, installation, interaction, intercompany, intruder, invoice, IRC, leave, likelihood, maintenance, match, MAX, monitoring, monthly, mortar, negative, nonperforming, obtaining, occasionally, OCI, OPG, organically, original, originally, output, participating, patient, payroll, pediatric, performing, permanent, positive, produced, publicly, qualified, recognizing, reconnection, recording, refundable, released, removing, rendered, renewal, rental, rescinded, Rescue, respond, retention, return, returned, review, robust, satisfaction, secular, settling, short, smaller, specialty, SSP, stable, standalone, subsidy, surveillance, sustainability, system, team, temporarily, title, tracking, trading, transferring, undesignated, undiscounted, unearned, unsuccessful, utilizing, video, virtually, volatile, wander
Current reports
8-K
Departure of Directors or Certain Officers
1 Jun 22
8-K
Stanley Black & Decker Reports 1Q 2022 Results
28 Apr 22
8-K
Departure of Directors or Certain Officers
25 Apr 22
8-K
Other Events
2 Mar 22
8-K
Entry into a Material Definitive Agreement
24 Feb 22
8-K
Stanley Black & Decker Elects Andrea J. Ayers Chair and Adrian V. Mitchell As Director
18 Feb 22
8-K
Departure of Directors or Certain Officers
4 Feb 22
8-K
Stanley Black & Decker Reports 4Q And Full Year 2021 Results
1 Feb 22
8-K
Regulation FD Disclosure
31 Jan 22
8-K
Entry into a Material Definitive Agreement
28 Jan 22
Registration and prospectus
S-8
Registration of securities for employees
25 Apr 22
424B5
Prospectus supplement for primary offering
23 Feb 22
FWP
Free writing prospectus
23 Feb 22
424B5
Prospectus supplement for primary offering
22 Feb 22
424B2
Prospectus for primary offering
30 Oct 20
FWP
Free writing prospectus
29 Oct 20
424B5
Prospectus supplement for primary offering
29 Oct 20
S-3ASR
Automatic shelf registration
27 Oct 20
25-NSE
Exchange delisting
15 May 20
424B2
Prospectus for primary offering
10 May 20
Proxies
DEFA14A
Additional proxy soliciting materials
4 Apr 22
DEFA14A
Additional proxy soliciting materials
9 Mar 22
DEFA14A
Additional proxy soliciting materials
28 Apr 21
DEFA14A
Additional proxy soliciting materials
29 Mar 21
PRE 14A
Preliminary proxy
12 Mar 21
DEFA14A
Additional proxy soliciting materials
2 Apr 20
DEFA14A
Additional proxy soliciting materials
4 Mar 20
DEF 14A
Definitive proxy
4 Mar 20
Other
SD
Conflict minerals disclosure
26 May 22
UPLOAD
Letter from SEC
31 Jan 22
UPLOAD
Letter from SEC
20 Jan 22
CORRESP
Correspondence with SEC
20 Dec 21
UPLOAD
Letter from SEC
6 Dec 21
CORRESP
Correspondence with SEC
9 Nov 21
CORRESP
Correspondence with SEC
25 Oct 21
CORRESP
Correspondence with SEC
3 Oct 21
UPLOAD
Letter from SEC
29 Sep 21
CORRESP
Correspondence with SEC
2 Aug 21
Ownership
4
STANLEY BLACK & DECKER / Irving Tan ownership change
23 Jun 22
4
STANLEY BLACK & DECKER / Mojdeh Poul ownership change
23 Jun 22
4
STANLEY BLACK & DECKER / Jane Palmieri ownership change
23 Jun 22
4
STANLEY BLACK & DECKER / Adrian V Mitchell ownership change
23 Jun 22
4
STANLEY BLACK & DECKER / Michael David Hankin ownership change
23 Jun 22
4
STANLEY BLACK & DECKER / Debra Ann Crew ownership change
23 Jun 22
4
STANLEY BLACK & DECKER / ROBERT B COUTTS ownership change
23 Jun 22
4
STANLEY BLACK & DECKER / CARLOS M CARDOSO ownership change
23 Jun 22
4
STANLEY BLACK & DECKER / PATRICK D CAMPBELL ownership change
23 Jun 22
4
STANLEY BLACK & DECKER / Andrea J. Ayers ownership change
23 Jun 22
Patents
Utility
Grass Treatment System and Method
23 Jun 22
A method of removing debris from an area of turf grass can include providing a grass treatment system including a comb having a leading edge comprising a plurality of comb teeth, wherein the comb is mounted transversely to a direction of travel, and a substantially cylindrical brush positioned above the comb and configured to engage at least a portion of a top surface of the comb, wherein the brush rotates relative to the comb.
Utility
Bi-directional Screwdriver
23 Jun 22
In a bi-directional screwdriver, the screwdriver may include a handle, a main housing, and a gearing assembly, which is mounted on the idle gear axle on the transmission seat and is fitted between the driving gear and the driven gear for transferring motion.
Utility
Impact Tools and Control Modes
23 Jun 22
An impact power tool includes a housing, a motor, a controller, an output member configured to be rotated when the motor is energized, and an impact mechanism configured to rotationally drive the output member.
Utility
Impact Tools and Control Modes
23 Jun 22
An impact power tool includes a housing, a motor, a controller, an impact mechanism configured to be driven by the motor, and an output spindle configured to receive rotational impacts from the impact mechanism to rotate the output spindle.
Utility
Impact Power Tool
23 Jun 22
An impact power tool includes one or more of the following features including a housing, a motor, an output spindle, a rotary impact assembly, and a planetary transmission having a fixed ring gear and rotatable planet gear carrier.
Transcripts
2022 Q1
Earnings call transcript
28 Apr 22
2021 Q4
Earnings call transcript
1 Feb 22
2021 Q3
Earnings call transcript
28 Oct 21
2021 Q2
Earnings call transcript
27 Jul 21
2021 Q1
Earnings call transcript
28 Apr 21
2020 Q4
Earnings call transcript
28 Jan 21
2020 Q3
Earnings call transcript
27 Oct 20
2020 Q2
Earnings call transcript
30 Jul 20
2020 Q1
Earnings call transcript
30 Apr 20
2019 Q4
Earnings call transcript
29 Jan 20
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