Stanley Black Stock Price, News & Analysis

Stanley Black & Decker (NYSE: SWK) hosted a virtual growth summit on May 13, 2021, focusing on growth catalysts and margin resilience initiatives. CEO James M. Loree emphasized the company's focus on performance, innovation, and social responsibility. Key points included opportunities in home and garden markets, eCommerce growth, and a margin resiliency initiative projected to save $300 - $500 million over three years. The company reaffirmed its 2021 EPS guidance of $10.15 - $10.55 (GAAP) and $10.70 - $11.00 (adjusted).

Stanley Black & Decker (NYSE: SWK) will host its Virtual Growth Summit on May 13, 2021. The event will feature presentations and a Q&A session with senior management, starting at 9:00 AM ET and ending around 12:00 PM ET. Registration is available on the company’s website. This S&P 500 company, with a market value of $14.5 billion, is a global leader in tools and storage and operates in over 60 countries.

Stanley Black & Decker (NYSE: SWK) invites the public to a webcast featuring CEO Jim Loree at the Wells Fargo 2021 Virtual Industrials Conference on May 6, 2021, at 10:00 AM ET. The event will be accessible in the 'Investors' section of the company's website and will offer a replay available for 30 days.

Stanley Black & Decker is a diverse global supplier of tools, security solutions, and more, recognized as an S&P 500 company.

Stanley Black & Decker (NYSE: SWK) announced the redemption of its Series C Cumulative Perpetual Convertible Preferred Stock, effective June 3, 2021. The redemption price is set at $1,002.50 per share, which includes the $1,000 liquidation preference and accrued dividends. Shareholders can convert their shares before June 2, 2021, with a combination settlement option. Following the redemption, dividends will cease on the shares called for redemption. Stanley Black & Decker, a leader in the tools and storage market, has a market capitalization of $14.5 billion.

Stanley Black & Decker (NYSE: SWK) reported robust first quarter 2021 results, with revenues of $4.2 billion, up 34% YoY, driven by strong organic growth of 31%. Gross margin increased to 37.3%, and diluted EPS rose 161% to $2.98. The company raised its 2021 EPS guidance to between $10.15 and $10.55. Key segments like Tools & Storage saw a remarkable 48% sales increase. Increased demand and strategic investments are expected to further enhance organic growth, with robust market trends positioning the company favorably for future growth.

Stanley Black & Decker (NYSE: SWK) announced a $12.50 dividend per preferred share for the second quarter, payable on May 17, 2021, to shareholders of record by May 14, 2021. This decision reflects the company's ongoing commitment to delivering value to its shareholders. As a diversified global provider of tools and security solutions, the company continues to demonstrate stability and confidence in its financial performance.

Stanley Black & Decker (NYSE: SWK) has announced a second quarter cash dividend of $0.70 per common share, reinforcing its status as a leader in consistent dividend payments among industrial companies on the NYSE. The dividend will be paid on June 22, 2021, to shareholders of record by the close of business on June 8, 2021. This announcement highlights the company's strong financial health and commitment to returning value to its shareholders.

Stanley Black & Decker (NYSE: SWK) has announced a partnership with six Major League Baseball teams for the 2021 MLB season, marking their 13th year collaborating with MLB. As the official tools sponsor, the company aims to promote its brands—DEWALT, STANLEY, and CRAFTSMAN—to millions of fans. The sponsorship includes stadium signage, hospitality experiences, and engagement opportunities for essential tradespeople. With $14.5 billion in revenue and 53,000 employees worldwide, Stanley Black & Decker focuses on celebrating its commitment to 'Those Who Make The World.'