olivLaw · US equity research
Stanley Black & Decker, Inc. SWK
Cutlery, Handtools & General Hardware · SIC 3420 · Vertical: Cutlery, Handtools & General Hardware (SIC 3420)
Stanley Black & Decker is a global provider of power tools, hand tools, outdoor products and engineered fastening solutions, with revenue of about 15.1 billion dollars in 2025. In 2026 it sold its CAM business and reported second-quarter organic growth, which led it to raise its profit and cash flow guidance.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 05 Nov 2026, Stanley Black & Decker, Inc. (SWK) stock was 115.27 USD (−2.59% on the day), with market capitalisation 17.1 bn USD, P/E 20.6 on diluted EPS of 5.59 USD over the last 12 months, dividend yield 2.89%, beta 1.48, 52-week range 62.12–118.33 USD. Latest reported quarter (Q3 2027): revenue of 3.7 bn USD (−0.6% YoY), net income of 272.1 m USD (+429.4% YoY), diluted EPS 1.83 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 75.7
- overbought (≥ 70)
- Bollinger (20, 2)
- 82.48 – 114.86
- above the upper band · %B 1.01 · band width 32.8%
- SMA 50 / 200
- 94.39 / 86.13
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 5.29 / 3.26
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +28.1% | −5.9% | +34.0 pp | — |
| 3 months | +14.1% | −4.6% | +18.7 pp | — |
| 6 months | +43.7% | +0.2% | +43.5 pp | — |
| Year to date | +55.2% | +7.4% | +47.8 pp | — |
| 1 year | +65.6% | +8.2% | +57.4 pp | +29.2% |
| 3 years | +33.0% | +68.4% | −35.4 pp | +33.4% |
| 5 years | −37.3% | +56.5% | −93.8 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2027 · 03 Oct 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 | Q2 '27 | Q3 '27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.7 bn | 3.7 bn | 3.9 bn | 3.8 bn | 3.7 bn | 3.8 bn | 4.0 bn | 3.7 bn |
| Cost of revenue | 2.6 bn | 2.6 bn | 2.9 bn | 2.6 bn | 2.5 bn | 2.7 bn | 2.7 bn | 2.3 bn |
| SG&A | 842.7 m | 852.5 m | 870.4 m | 789.7 m | 801.9 m | 877.7 m | 944.1 m | 897.8 m |
| Depreciation & amortisation | 99.0 m | 91.1 m | 92.7 m | 92.9 m | 88.9 m | 84.4 m | 101.8 m | 84.6 m |
| Interest expense | 114.4 m | 126.4 m | 129.1 m | 129.1 m | 131.7 m | 113.1 m | 96.4 m | 92.3 m |
| Pre-tax income | 125.4 m | 127.6 m | 26.7 m | 35.6 m | 228.0 m | 84.8 m | 499.0 m | 358.2 m |
| Income tax | -69.5 m | 37.2 m | -75.2 m | -15.8 m | 69.8 m | 25.2 m | 147.7 m | 86.1 m |
| Net income | 194.9 m | 90.4 m | 101.9 m | 51.4 m | 158.2 m | 59.6 m | 351.3 m | 272.1 m |
| Diluted EPS | 1.29 ≈ | 0.60 | 0.67 | 0.34 | 1.04 ≈ | 0.39 | 2.33 | 1.83 |
| Operating cash flow | 679.1 m | -420.0 m | 214.3 m | 221.2 m | 955.7 m | -388.8 m | 763.1 m | 658.5 m |
| Capex | 114.5 m | 65.0 m | 79.6 m | 65.9 m | 72.8 m | 58.5 m | 64.9 m | 73.5 m |
| Dividends paid | 124.0 m | 124.5 m | 124.0 m | 125.8 m | 126.3 m | 126.0 m | 124.3 m | 122.9 m |
| Share repurchases | 7.7 m | 11.7 m | 800.0 k | 2.2 m | 5.4 m | 15.3 m | 252.1 m | 250.9 m |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 32 percentile of its own 25-quarter history (min 7.6, median 24.0, max 42.7; quarters with earnings only).
Fiscal years
| Fiscal year | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13.0 bn | 14.0 bn | 12.9 bn | 12.8 bn | 16.9 bn | 15.8 bn | 15.4 bn | 15.1 bn |
| Revenue YoY | +11.8% | +7.8% | −7.6% | unavailable | +32.9% | −6.9% | −2.6% | unavailable |
| Net income | 1.2 bn | 605.2 m | 955.8 m | 1.2 bn | 1.1 bn | -310.5 m | 294.3 m | 401.9 m |
| Net income YoY | +26.8% | −50.7% | +57.9% | unavailable | −13.9% | −129.2% | unavailable | unavailable |
| Diluted EPS | 8.05 | 3.85 | 6.11 | 7.46 | 6.76 | -2.07 | 1.95 | 2.65 |
| Diluted EPS YoY | +23.3% | −52.2% | +58.7% | unavailable | −9.4% | −130.6% | unavailable | unavailable |
| net % | 9.5% | 4.3% | 7.4% | 9.7% | 6.3% | -2.0% | 1.9% | 2.7% |
| Free cash flow | 226.1 m | 768.8 m | 1.1 bn | 1.7 bn | -2.0 bn | 852.6 m | 753.0 m | 687.9 m |
Reported results vs expectations
Loading…
Balance sheet & financial health
Fiscal year 2026 · 03 Jan 2026
- Cash
- 280.1 m USD
- Financial debt
- 5.3 bn USD
- Net debt
- 5.0 bn USD
- Equity
- 9.1 bn USD
- Total assets
- 21.2 bn USD
- Debt / equity
- 0.59x
- Current ratio
- 1.14x
- ROE
- unavailable
- ROA
- 1.9%
- FCF margin
- 4.5%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 12.9 bn | 12.8 bn | 16.9 bn | 15.8 bn | 15.4 bn | 15.1 bn | SEC (XBRL)· 24 Feb 2026verified |
| Cost of revenue | 8.7 bn | 8.4 bn | 12.7 bn | 11.8 bn | 10.9 bn | 10.5 bn | SEC (XBRL)· 24 Feb 2026verified |
| Gross profit | 4.8 bn | 4.4 bn | 4.3 bn | 3.9 bn ≈ | 4.5 bn ≈ | 4.6 bn ≈ | SEC (XBRL)· 24 Feb 2026derived |
| Research & development | 240.8 m | 200.0 m | 357.4 m | 362.0 m | 328.8 m | 321.4 m | SEC (XBRL)· 24 Feb 2026verified |
| SG&A | 2.5 bn | 2.6 bn | 3.4 bn | 3.3 bn | 3.3 bn | 3.3 bn | SEC (XBRL)· 24 Feb 2026verified |
| Operating income | 2.0 bn | 2.2 bn | — | — | — | — | SEC (XBRL)· 18 Feb 2021verified |
| Depreciation & amortisation | 560.2 m | 376.5 m | 369.7 m | 432.4 m | 426.3 m | 365.6 m | SEC (XBRL)· 24 Feb 2026verified |
| EBITDA | 2.6 bn ≈ | 2.6 bn ≈ | — | — | — | — | SEC (XBRL)· 18 Feb 2021derived |
| Interest expense | 282.2 m | 222.7 m | 338.5 m | 559.4 m | 498.6 m | 516.3 m | SEC (XBRL)· 24 Feb 2026verified |
| Pre-tax income | 1.1 bn | 1.2 bn | 37.9 m | -375.7 m | 241.1 m | 417.9 m | SEC (XBRL)· 24 Feb 2026verified |
| Income tax | 126.8 m | 38.0 m | -132.4 m | -94.0 m | -45.2 m | 16.0 m | SEC (XBRL)· 24 Feb 2026verified |
| Net income | 955.8 m | 1.2 bn | 1.1 bn | -310.5 m | 294.3 m | 401.9 m | SEC (XBRL)· 24 Feb 2026verified |
| Diluted EPS | 6.11 | 7.46 | 6.76 | -2.07 | 1.95 | 2.65 | SEC (XBRL)· 24 Feb 2026verified |
| Weighted average diluted shares | 156.4 m | 162.4 m | 156.6 m | 149.8 m | 151.3 m | 151.9 m | SEC (XBRL)· 24 Feb 2026verified |
| Dividend per share | 2.70 | 2.78 | 3.18 | 3.22 | 3.26 | 3.30 | SEC (XBRL)· 24 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 297.7 m | 1.2 bn | 395.6 m | 449.4 m | 290.5 m | 280.1 m | SEC (XBRL)· 24 Feb 2026verified |
| Inventories | 2.3 bn | 2.6 bn | 5.9 bn | 4.7 bn | 4.5 bn | 4.2 bn | SEC (XBRL)· 24 Feb 2026verified |
| Current assets | 4.5 bn | 6.0 bn | 8.0 bn | 7.0 bn | 6.4 bn | 6.0 bn | SEC (XBRL)· 24 Feb 2026verified |
| Property, plant & equipment, net | 2.0 bn | 2.0 bn | 2.4 bn | 2.2 bn | 2.0 bn | 1.8 bn | SEC (XBRL)· 24 Feb 2026verified |
| Goodwill | 7.4 bn | 7.9 bn | 8.5 bn | 8.0 bn | 7.9 bn | 7.3 bn | SEC (XBRL)· 24 Feb 2026verified |
| Intangibles (excl. goodwill) | 3.6 bn | 4.1 bn | — | — | — | — | SEC (XBRL)· 28 Apr 2021verified |
| Total assets | 20.6 bn | 23.6 bn | 25.0 bn | 23.7 bn | 21.8 bn | 21.2 bn | SEC (XBRL)· 24 Feb 2026verified |
| Accounts payable | 2.1 bn | 2.3 bn | 2.3 bn | 2.3 bn | 2.4 bn | 2.2 bn | SEC (XBRL)· 24 Feb 2026verified |
| Short-term debt | 337.3 m | 1.5 m | 2.1 bn | 1.1 bn | 0 | 605.6 m | SEC (XBRL)· 24 Feb 2026verified |
| Long-term debt | 3.2 bn | 4.2 bn | 5.4 bn | 6.1 bn | 5.6 bn | 4.7 bn | SEC (XBRL)· 24 Feb 2026verified |
| Current liabilities | 4.4 bn | 4.6 bn | 6.6 bn | 5.9 bn | 4.9 bn | 5.2 bn | SEC (XBRL)· 24 Feb 2026verified |
| Equity | 9.1 bn | 11.1 bn | 9.7 bn | 9.1 bn | 8.7 bn | 9.1 bn | SEC (XBRL)· 24 Feb 2026verified |
Cash flow · USD
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.5 bn | 2.0 bn | -1.5 bn | 1.2 bn | 1.1 bn | 971.2 m | SEC (XBRL)· 24 Feb 2026verified |
| Capex | 424.7 m | 348.1 m | 530.4 m | 338.7 m | 353.9 m | 283.3 m | SEC (XBRL)· 24 Feb 2026verified |
| Free cash flow | 1.1 bn ≈ | 1.7 bn ≈ | -2.0 bn ≈ | 852.6 m ≈ | 753.0 m ≈ | 687.9 m ≈ | SEC (XBRL)· 24 Feb 2026derived |
| Investing cash flow | -1.2 bn | -1.6 bn | 3.6 bn | -327.7 m | 394.2 m | -261.5 m | SEC (XBRL)· 24 Feb 2026verified |
| Financing cash flow | -292.5 m | 615.9 m | -2.0 bn | -816.0 m | -1.6 bn | -794.4 m | SEC (XBRL)· 24 Feb 2026verified |
| Dividends paid | 402.0 m | 431.8 m | 465.8 m | 482.6 m | 491.2 m | 500.6 m | SEC (XBRL)· 24 Feb 2026verified |
| Share repurchases | 27.5 m | 26.2 m | 2.3 bn | 16.1 m | 17.7 m | 20.1 m | SEC (XBRL)· 24 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- score weight coverage: 54.2% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 17.1 bn USD
Key indicators
Coverage and freshness
Score by group
54% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 43.37 – 270.00 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)153.29 – 270.00 (Mid 196.45)WACC 8.2% · starting FCFF 2.0 bn USD · terminal value share of EV 76%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): -19.2%
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E71.96 – 123.85 (Mid 113.24)7 companies used · median multiple 20.3x · quartiles 12.9x – 22.2xACU, CIX, EML, LCUT, RECT, SNA, SSD
- Dividend discount (DDM)43.37 – 58.32 (Mid 49.74)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 54.2% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 5.5% | 50 (vs peers) | 12% |
| FCF conversion · Quality | 204.3% | 100 (on a fixed band) | 12% |
| Revenue CAGR 3Y · Growth | -1.4% | 0 (on a fixed band) | 15% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.4x | 52 (on a fixed band) | 8% |
| P/E (TTM) · Valuation | 20.6x | 50 (vs peers) | 19% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 10.0% | 100 (on a fixed band) | 15% |
| Shareholder yield (distributions) · Returns | 6.0% | 85 (on a fixed band) | 12% |
| Payout ratio (FCF) · Returns | 29.1% | 100 (on a fixed band) | 8% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial52/100 · 1/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality75/100 · 2/3 factors with a value
- Returns91/100 · 2/2 factors with a value
- Valuation72/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
STANLEY BLACK & DECKER, INC. (SWK). Latest full fiscal year: 2026; data up to 2026-10-03.
Figures computed from the financial statements: revenue 15.1 bn USD in 2026; net margin 5.5%; ROE 9.4%.
The estimated value range is 71.96–123.85 USD per share (median of 3 methods, agreement: low); assumptions are illustrative. Against the central value of 113.24 USD, the price of 115.27 USD leaves a potential of -1.8% (value / price − 1) and a margin of safety of -1.8% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 54.2% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 204.3%
- FCF yield: 10.0%
- Shareholder yield (distributions): 6.0%
- Payout ratio (FCF): 29.1%
What contradicts it
- Revenue CAGR 3Y: -1.4%
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): ROIC, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, EV/EBITDA.
Versus the vertical median
Cutlery, Handtools & General Hardware (SIC 3420) · same industry (4-digit SIC) · compared with 8 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| SNASnap-on Inc | 18.9 bn | 19.1 | 17.0% | 19.2% | unavailable | +8% / +33% |
| SWKStanley Black & Decker, Inc. | 17.1 bn | 20.6 | 9.4% | 5.5% | unavailable | +66% / +33% |
| SSDSimpson Manufacturing Co., Inc. | 8.1 bn | 21.5 | 18.3% | 15.6% | +4.5% | +19% / +19% |
| HLMNHillman Solutions Corp. | 1.7 bn | 66.6 | 2.0% | 1.5% | +5.4% | −3% / +17% |
| CIXCompx International Inc | 451.8 m | 22.8 | 16.3% | 14.0% | +8.5% | +63% / +56% |
| ACUAcme United Corp | 263.9 m | 28.9 | 8.4% | 4.6% | +1.1% | +86% / +91% |
| LCUTLifetime Brands, Inc. | 178.6 m | 6.0 | 14.5% | 4.3% | −5.1% | +104% / +21% |
| EMLThe Eastern Company | 163.7 m | 20.3 | 6.3% | 3.4% | unavailable | +40% / +50% |
| RECTRectitude Holdings Ltd | 18.4 m | 6.7 | 13.9% | 7.0% | +22.0% | −37% / unavailable |
1- and 3-year price returns: for SWK from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 64.87 Total return -42% · Per year -42% | 115.03 Total return 3% · Per year 3% | 173.73 Total return 54% · Per year 54% |
| 3 years | 55.72 Total return -46% · Per year -18% | 111.84 Total return 6% · Per year 2% | 186.49 Total return 73% · Per year 20% |
| 5 years | 47.86 Total return -49% · Per year -13% | 108.75 Total return 8% · Per year 2% | 200.18 Total return 92% · Per year 14% |
- Exit P/E± 27.96
- Net margin± 19.57
- Annual revenue growth± 17.03
- Annual dilution± 1.64
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 29 Jul 2026; since then the company filed 8-K (04 Nov 2026 · results), 10-Q (04 Nov 2026).
In brief
Stanley Black & Decker is a global provider of power tools, hand tools, outdoor products and engineered fastening solutions, with revenue of about 15.1 billion dollars in 2025 1. In 2026 it sold its CAM business and reported second-quarter organic growth, which led it to raise its profit and cash flow guidance 23.
SWOT
Strengths
- A portfolio of globally recognized brands with leading market positions in tools and outdoor, supported by innovation and a broad distribution network 1.
- The completed cost reduction program and inventory reduction strengthened efficiency and cash flow, and the company beat its savings target 1.
- The balance sheet strengthened after the CAM sale, allowing debt reduction and share repurchases while keeping growth investments in place 23.
Weaknesses
- Reliance on a few large customers makes sales sensitive to their inventory decisions and retail strategies 1.
- Gross margin in the second quarter of 2026 was lifted largely by one-time tariff refunds, so the underlying profitability base is lower 3.
- Supply chains sometimes depend on a few suppliers or concentrated regions, which raises exposure to disruption 1.
Opportunities
- Mid-single-digit organic growth combined with margin improvement could lift profitability if the long-term framework is delivered 1.
- Electrification and digital jobsite solutions could open new product categories in the professional segment 1.
- Further portfolio simplification could free additional capital for investment in the segments with the best prospects 12.
Threats
- Tariffs, export restrictions on rare earth minerals from China and trade disputes could raise costs and interrupt supply 1.
- Private label brands of large retailers and Asian competitors could reduce the company's market share 1.
- A slowdown in U.S. construction or home improvement activity could hit volumes directly, since the United States generates most revenue 1.
Risks
- Tariffs and international tradehigh
U.S. tariffs, retaliation and possible new restrictions could raise import costs and reduce volumes, and the company cannot guarantee it will fully offset the impact 1.
- Dependence on large customershigh
A small number of retailers account for a significant share of sales, and changes in their strategies or inventory reductions can quickly affect results 1.
- Raw materials and component supplymedium
Export restrictions on rare earth minerals and port problems could delay deliveries or raise production costs 1.
- Restructuring and environmental remediation costsmedium
The company expects additional charges in 2026 for actions to reshape its manufacturing network, and environmental remediation obligations remain material 13.
- Reliance on non-recurring gainsmedium
Second-quarter 2026 results included one-time benefits from tariff refunds and the CAM sale, which could make comparison with later periods difficult 3.
Investment thesis
What would need to be true (bull case)
- Strong brands, a completed efficiency program and a return to organic growth in the second quarter of 2026 could support a lasting margin improvement if the 2026 guidance is delivered 13.
- A healthier balance sheet after the CAM sale and the debt reduction gives the company more flexibility for investment and share repurchases 23.
- Raising the guidance for adjusted earnings and free cash flow suggests management sees a firmer operating base, especially if tariffs remain stable 3.
What would break the thesis
- Second-quarter 2026 margins benefited from tariff refunds that may not recur, and their absence could reveal weaker underlying profitability 3.
- Dependence on large home centers and mass merchants limits the company's ability to raise prices, which could weigh on margins in difficult periods 1.
- If trade tensions intensify or export restrictions widen, costs and supply interruptions could offset the progress made through restructuring 1.
What to watch
- Completion of the CAM sale and use of the remaining proceeds for debt reductionQ3 2026
- Evolution of adjusted gross margin once the effect of tariff refunds fadesQ3 2026
- Delivery of the 2026 guidance for adjusted EPS and free cash flow2026
- Progress toward the 2028 targets for organic growth and adjusted EBITDA marginnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 29 Jul 2026; since then the company filed 8-K (04 Nov 2026 · results), 10-Q (04 Nov 2026).
The business
Founded in 1843 and headquartered in Connecticut, the company runs two reportable segments: Tools & Outdoor, which accounts for 87% of revenue, and Engineered Fastening 1. Its stated mission is to build a world-class branded industrial company, supported by three imperatives: brands, operational excellence and innovation 1. About 62% of revenue comes from the United States, with the rest mainly from Europe, emerging markets and Canada 1.
In recent years the company has divested businesses to focus on its leading positions in tools and outdoor and in engineered fastening 1. The sale of CAM to Howmet Aerospace, completed in April 2026 for 1.8 billion dollars in cash, was used mainly to reduce debt and repurchase shares 2. The Global Cost Reduction Program, completed at the end of 2025, generated savings of about 2.1 billion dollars 1.
The stated top capital allocation priority is funding organic growth investments, followed by a strong dividend and opportunistic share repurchases 12. Major customers are large home centers and mass merchants: The Home Depot accounted for about 15% of 2025 consolidated net sales and Lowe's about 12% 1.
Segments
Tools & Outdoor
The segment generated about 13.2 billion dollars in 2025 and includes power tools, hand tools, accessories and storage, and outdoor power equipment 1. Its key brands are DEWALT, CRAFTSMAN, STANLEY, BLACK+DECKER and Cub Cadet 1.
Engineered Fastening
The segment generated about 2.0 billion dollars in 2025 and provides engineered fasteners and automation systems for automotive, general industrial and aerospace customers 1. The CAM sale reduced segment sales by 21 percentage points in the second quarter of 2026, while organic revenue still grew 3.
Market context
The company operates in professional and consumer tool markets where brand, innovation and distribution channels matter. Its long-term framework assumes markets growing at low-single digits and inflation of about 2% a year, with mid-single-digit organic revenue growth as the target 1. Because the United States generates most revenue, the health of U.S. construction and home improvement activity is decisive 1.
Research and development spending was 321.4 million dollars in 2025, or 2.1% of net sales, and the company says its platforming approach has sped up product development 1. Electrification and digital jobsite solutions are the directions where it focuses its growth investments 1.
Trends
- Tariffs and the reshaping of the supply chainmixed
U.S. tariffs and retaliatory measures raised import costs, and the company shifted some power tool production to Mexico 1. The second quarter of 2026 benefited from IEEPA tariff refunds that lifted gross margin, but these gains are not recurring 3. If tariffs change again, cost pressure could return.
- Portfolio simplificationtailwind
Divestitures, including CAM and the Infrastructure business, have simplified the company and enabled debt reduction 12. A more focused portfolio could let the company direct capital toward its strongest market positions.
- Customer concentrationheadwind
Consolidation among large home centers and mass merchants gives a small number of customers a large share of sales and strong bargaining power 1. This concentration can limit the company's ability to pass cost increases on to customers.
Competitive position
The company competes with larger and smaller firms offering the same or similar products, and large retailers sell private label house brands that compete across much of the tools range 1. Its stated advantages are reputation for innovation and quality, well-known brands, customer service and breadth of product lines 1.
Competitors better positioned to withstand changes in global trade could gain market share, especially if tariffs and export restrictions tighten 1. Competition therefore spans price, innovation and the ability to deliver quickly through distribution channels 1.
- Techtronic Industries
Global power tool maker with a strong presence in the United States and Europe; not named in the analyzed sources, so the ticker is not confirmed.
- Makita
Japanese power tool manufacturer competing in the professional segment; not named in the analyzed sources, so the U.S. ticker is not confirmed.
- Robert Bosch
German group with a power tool division; not named in the analyzed sources, so the U.S. ticker is not confirmed.
- Retailer house brands
Private label brands of large customers compete across a wide range of tools and are cited directly in the company's filing as a competitive pressure.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- EXCLUSIV Tranzacție majoră în România, ratată în ultimul moment. Gigantul ungar Adventum a vrut să cumpere America House de la Morgan StanleyProfit.ro · 05 Nov 2026 · RO
- Morgan Stanley Offers $2.3 Billion Debt for Dell Family DealBloomberg Markets · 03 Nov 2026 · EN
- Live: Goldman, Morgan Stanley CEOs to Navigate Markets, AI Trades at HK SummitBloomberg Markets · 03 Nov 2026 · EN
- Coinbase has been battered over the past month. Morgan Stanley says steer clearCNBC — Top News · 02 Nov 2026 · EN
- The election will be good news, regardless of outcome, says Morgan Stanley’s chief stock-market strategistMarketWatch — Top Stories · 02 Nov 2026 · EN
- Lockheed’s Yearslong F-35 Deal Drives New Morgan Stanley BullBloomberg Markets · 30 Oct 2026 · EN
- Rare Stanley Druckenmiller post sends crypto-linked stock surgingCNBC — Top News · 29 Oct 2026 · EN
- Harry Kane, Stanley Matthews și cântecul perseverenței. - Vietnam.vnSurge — Google News · 27 Oct 2026 · RO
- Morgan Stanley Expects Data-Center ABS Spreads to Widen FurtherBloomberg Markets · 26 Oct 2026 · EN
- Lockheed Martin will surge nearly 40% after new Pentagon deal, says Morgan StanleyCNBC — Top News · 26 Oct 2026 · EN
- Support for semiconductor stocks could be as much as 15% lower than current levels, says Morgan StanleyMarketWatch — Top Stories · 26 Oct 2026 · EN
- Morgan Stanley Sees Further China Stock Downside Before BottomBloomberg Markets · 26 Oct 2026 · EN
- Băncile americane se tem că agenții AI ar putea face tranzacții de capul lor. Morgan Stanley le-a blocat accesul - Wall-Street.roSurge — Google News · 23 Oct 2026 · RO
- Why US banks , including JPMorgan and Morgan Stanley , are blocking AI agents from customer accountsSurge — GDELT DOC · 23 Oct 2026 · RO
- Creșterea tranzacțiilor cu acțiuni impulsionează prețul acțiunilor Morgan Stanley, în timp ce cumpărătorii păstrează controlul - Traders UnionSurge — Google News · 21 Oct 2026 · RO
- Earnings season is in full swing. These are Morgan Stanley's highest conviction playsCNBC — Top News · 21 Oct 2026 · EN
- Goldman Sachs, JPMorgan și Morgan Stanley domină boom-ul acțiunilor legate de AI - www.goldring.roSurge — Google News · 21 Oct 2026 · RO
- Goldman Sachs, JPMorgan and Morgan Stanley are dominating the AI stock boom. Here's their edgeCNBC — Top News · 21 Oct 2026 · EN
- Morgan Stanley: Global Fuel Market Will Stay Tight Through Mid-2027Oil Price · 21 Oct 2026 · EN
- Morgan Stanley: Corecția pieței de acțiuni din SUA s-ar putea apropia de sfârșit - www.goldring.roSurge — Google News · 21 Oct 2026 · RO
SEC filings
- Quarterly report04 Nov 2026
- Current report04 Nov 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report04 Sept 2026Regulation FD disclosure · Financial statements and exhibits
- Quarterly report29 Jul 2026
- Current report29 Jul 2026Results of operations · Financial statements and exhibits
- Current report24 Jun 2026Material agreement · Termination of a material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Quarterly report29 Apr 2026
- Current report29 Apr 2026Results of operations · Financial statements and exhibits
- Current report27 Apr 2026Departure or appointment of officers · Shareholder vote · Financial statements and exhibits
- Current report20 Apr 2026Regulation FD disclosure · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2026-01-03 · SEC / Stanley Black & Decker, Inc. · 24 Feb 2026
- [2] Form 10-Q, quarter ended 2026-07-04 · SEC / Stanley Black & Decker, Inc. · 29 Jul 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Stanley Black & Decker, Inc. · 29 Jul 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.