SWK Stanley Works featured news, full reports, and detailed charts
Stanley Works (SWK) Wrap Up:
The Stanley Works manufactures tools and engineered security solutions worldwide. The companys Construction & Do-It-Yourself segment manufactures hand tools, including measuring and leveling tools, planes, hammers, demolition tools, knives and blades, screwdrivers, saws, chisels, and consumer tackers and staples; consumer mechanics tools consisting of wrenches and sockets; storage units comprising plastic tool boxes and storage systems; and pneumatic tools and fasteners that are used for construction, remodeling, furniture making, pallet manufacturing, and other applications. This segment sells its products to professional end users and consumers through retailers, including home centers, mass merchants, hardware stores, and retail lumber yards. Its Security segment provides a range of mechanical and electronic security products and systems, as well as various security services consisting of security integration systems, software, related installation, maintenance, monitoring services, automatic doors, door closers, exit devices, hardware, and locking mechanisms. This segment sells its products to retailers; educational, financial, and healthcare institutions; and commercial, governmental, and industrial customers through direct sales forces and third party distributors. The companys Industrial segment offers mechanics tools and storage systems, including wrenches, sockets, electronic diagnostic tools, tool boxes, and industrial storage and retrieval systems; engineered healthcare storage systems to store and track clinical supplies; hydraulic tools and accessories; plumbing, heating, and air conditioning tools; assembly tools and systems comprising electric and pneumatic assembly tools; and specialty tools for assembling, repairing, and testing electronic equipment. This segment sells its products to industrial customers through third party distributors and direct sales forces. The company was founded in 1843 and is based in New Britain, Connecticut.Stanley Works (SWK:NYSE)
Snapshot of Stanley Works (SWK)
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OPEN
$49.07
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PREVIOUS CLOSE
$49.27
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DAY HIGH
$49.41
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DAY LOW
$48.55
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52 WEEK HIGH
11/11/09 - $51.20
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52 WEEK LOW
03/9/09 - $22.61
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MARKET CAP
3.9B
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AVERAGE VOLUME 3 mo
1.5M
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DILUTED EPS TTM
$2.21
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SHARES OUTSTANDING
80.4M
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EX-DATE
12/2/09
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P/E TTM
22.1x
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DIVIDEND
$1.32
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DIVIDEND YIELD
2.70%
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| K = Thousands M = Millions B = Billions | ||
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related news
SWK Top Compensated Officers
Executives, Board Directors
Key developments for Stanley Works (SWK)
The COO of Stanley Works, James Loree said on November 10 that the company has already identifying potential acquisition targets in health care and infrastructure. "Do we have specific targets? The answer is yes," Loree said during questions at the Baird Industrial conference. "Back in 2002 and 2003, we had talked about building our security business to a billion-dollar-plus platform when it was $300 million in revenue, and everyone looked at us with skepticism, but we methodically went about doing that," he said. "We're taking the same exact approach to health care and infrastructure." Stanley Works and Black & Decker had said last week they expected health care and infrastructure to grow to $1 billion businesses over time. Health care currently represents revenue of about $350 million at Stanley, Loree said. "It's a great business," he said. "We know in our case the niches we've found thus far are extremely profitable and it's certainly a very attractive area for us to grow into."
Stanley Works revised earnings guidance for the full year of 2009. The company is revising its previous full year 2009 earnings per share guidance of $2.84-$2.94 per share to $2.61-$2.71per share. The company continues to expect gross margins of 40% and free cash flow to be in excess of $300 million for the full year. The revision in the company's guidance does not reflect any change in its operational outlook.
The Black & Decker Corporation decided to merge with Stanley Works. Under the merger deal, Stanley's chief executive, John F. Lundgren, will be named chief executive of the combined company, which is expected to have annual sales of $8.4 billion and about 40,000 employees. Nolan D. Archibald, 66, is stepping aside as president and chief executive, he is staying on as executive chairman of the board of directors. That requires going to board meetings and advising, not running the day-to-day operations, analysts say.
SWK Competitors
| Company | Last | Change |
| Assa Abloy | kr130.00 SEK | -0.80 |
| Husqvarna B | kr47.70 SEK | +1.40 |
| Kennametal Inc | $23.50 USD | -0.76 |
| Newell Rubbermaid Inc | $14.45 USD | 0.00 |
| Snap On Inc | $36.83 USD | -0.32 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | SWK | Industry Range |
| Price/Earnings | 21.6x |
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| Price/Sales | 1.0x |
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| Price/Book | 2.1x |
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| Price/Cash Flow | 22.7x |
Not meaningful
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| TEV/Sales | 0.6x |
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SWK |
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SWK transactions
| Type Date |
Target |
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Merger/Acquisition
November 2, 2009 |
The Black & Decker Corporation |
