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Stanley Black & Decker Inc (SWK) USD2.50

Sell:$178.00 Buy:$178.01 Change: No change
Market closed |  Prices as at close on 23 October 2020 | Switch to live prices |
Sell:$178.00
Buy:$178.01
Change: No change
Market closed |  Prices as at close on 23 October 2020 | Switch to live prices |
Sell:$178.00
Buy:$178.01
Change: No change
Market closed |  Prices as at close on 23 October 2020 | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

HL comment (26 January 2012)

In a recent announcement, Stanley Black & Decker Inc said that stronger sales, higher prices and a recent acquisition helped boost its fourth-quarter profit by nearly 20%. Financial highlights revealed a fourth-quarter profit of $165.3 million, from $137.8 million in the year earlier quarter. Revenue for the last three months of 2011 rose 17% to $2.79 billion. Both figures surpassed analyst expectations. Operationally, stronger-than-expected margins in the Security and Industrial business offset weaker margins in the Construction & DIY (CDIY) business. Overall, for the full year 2011, Stanley Black & Decker's net profits surged to $674.6 million, from $198.2 million in the prior year. Revenues for the year grew 24% to $10.38 billion.

Negative Points:

  • Consolidation of acquired companies could result in unexpected integration challenges and costs, which may negatively impact on financial results.
  • Raw materials and inflationary issues might impact greater than is currently expected.
  • Slower than expected end market growth across the group's different markets, including U.S. residential and Europe could impact on future earnings.

Positive Points:

  • Management announced a $150 million cost reduction programme to take place in 2012.
  • The company, earlier this year reported that it was acquiring Swedish commercial security and monitoring company Niscayah Group AB.
  • Having felt the pressures of the recession, the enlarged company has produced a solid level of cost synergies, and has emerged as a more efficient company, with several strong, well-established brands distributed across multiple end markets.

Consensus:

On balance, market consensus indicates a buy.

This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment. This article has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is considered a marketing communication. Non-independent research is not subject to FCA rules prohibiting dealing ahead of research, however HL has put controls in place (including dealing restrictions, physical and information barriers) to manage potential conflicts of interest presented by such dealing. Please see our full non-independent research disclosure for more information.


Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used.

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The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.