Stanley Black & Decker, IncNYSE: SWK
Industrials · Industrial Machinery & Supplies & Components
$86.76
+14.85%
Vol: 108K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Mizuho raised SWK price target to $110 from $90 (Outperform) while Morgan Stanley lifted target to $87 from $80 (Equal Weight) amid New Britain plant closure and portfolio reshaping.Positive▶
Analysts boosted price targets on Stanley Black & Decker this week, with Mizuho's Brett Linzey raising to $110 (from $90) and Morgan Stanley going to $87 (from $80). The moves come as the company closes its final tape-measure factory in New Britain, Connecticut, ending more than 180 years of local production as part of an offshore manufacturing shift. Proceeds will be used to pay down debt and refocus on core tools and industrial operations. SWK shares traded in a $72.14-$74.40 range on May 20, 2026, closing around $74.04. The combination of portfolio restructuring and improved analyst sentiment is providing a constructive backdrop heading into the August 4 earnings date.
May 20Stanley Black & Decker is closing its final New Britain tape-measure plant on May 18, shifting production offshore.Mixed▶
Stanley Black & Decker confirmed the closure of its last New Britain, Connecticut tape-measure factory on May 18, 2026, resulting in roughly 300 job losses as it shifts production to Thailand. JAKKS Pacific announced a multi-year extension of its BLACK+DECKER toy licensing agreement through December 2028 on May 18. Director John L. Garrison Jr. acquired 2,603 shares on May 4 via a restricted stock unit grant. The 12-month consensus price target was cut to $87.25, implying about 16% upside, with 19 analysts split 6 Buy / 11 Hold / 2 Sell. The stock has been range-bound between $74.57-$75.96 in mid-May.
May 19No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 18Stanley Black & Decker is closing its last New Britain, Connecticut tape-measure plant on May 18, eliminating ~300 jobs as production shifts to Thailand.Mixed▶
Stanley Black & Decker is closing its final tape-measure factory in New Britain, Connecticut on May 18, 2026, marking the end of a century-old manufacturing presence in the city. The closure will eliminate approximately 300 jobs, with the first wave of layoffs beginning the week of May 4. The company is shifting production of double-sided tape measures to Thailand, accelerating its long-running offshore manufacturing strategy. Separately, director John L. Garrison Jr. acquired 2,603 shares through an RSU grant on May 4. DEWALT awarded $200,000 in trade scholarships on May 11. SWK trades around $75.14 with a Buy/Hold consensus target of $90 from 28 analysts.
May 15Stanley Black & Decker begins 300-worker layoffs at New Britain tape-measure plant; Mizuho raises PT to $110 on solid executionMixed▶
Stanley Black & Decker began the first wave of layoffs at its New Britain, CT plant on May 4, 2026, cutting 300 workers (half of the New Britain workforce) as it closes its final U.S. tape-measure factory — the birthplace of the iconic yellow-and-black tape measure. Production is shifting to double-sided tape measures made in Thailand. The move accelerates SWK's offshore manufacturing transition. Mizuho analyst Brett Linzey raised the PT to $110 from $90 maintaining Outperform, citing solid execution and rising peer valuations. The broader analyst consensus is Hold from 28 firms with a $90 median PT (6 Buy/12 Hold/1 Sell). DEWALT also awarded $200K in scholarships on May 11. Director John L. Garrison Jr received 2,603 RSUs on May 4. Shares trade ~$77.38 with a 4.3% dividend yield. Risk: PR/labor pushback from manufacturing exits; restructuring charges weighing on near-term earnings.
May 14Stanley Black & Decker says Section 232 tariff changes will not materially impact 2026 guidance as company maintains Q1 momentumMixed▶
Stanley Black & Decker announced it does not expect recent changes to the Section 232 tariff regime to have a material impact on its full-year 2026 guidance, addressing a key investor concern about steel/aluminum cost exposure. The company recently reported Q1 2026 net sales of $3.8 billion, up 3% YoY, and the Board approved a Q2 dividend of $0.83 per share plus a new $500 million share repurchase authorization expiring in 36 months. Baird raised its price target to $84 from $82 on April 30, while Wells Fargo maintains a Hold. Shares trade near $76.88 with a 4.2% dividend yield. Risks include continued weakness in organic growth, consumer demand softness in tools/outdoor, and any unexpected escalation in trade policy. Sentiment is mixed-to-positive on the tariff reassurance.
May 13Stanley Black & Decker begins first wave of ~300 layoffs and is closing its historic New Britain, CT tape-measure plant on May 18 as it shifts production to Thailand.Mixed▶
Stanley Black & Decker started its first wave of layoffs on May 4, cutting roughly 300 workers (about half the New Britain, CT workforce) ahead of the May 18 closure of its iconic tape-measure factory. Production of single-sided tape measures is being moved offshore to Thailand as part of a broader U.S. manufacturing footprint restructuring. Mizuho's Brett Linzey raised the firm's price target to $110 from $90 and reiterated Outperform, viewing the offshore shift as supportive of margin expansion. Director John L. Garrison Jr. acquired 2,603 shares on May 4 via an RSU grant. Risk: continued reputational backlash over offshoring of a flagship American product and execution risk on the restructuring savings.
May 12Stanley Black & Decker proceeds with May 18 closure of historic New Britain, CT tape measure plant, cutting ~300 jobs as production shifts to Thailand.Mixed▶
The company is closing its last New Britain manufacturing facility on May 18, with the first wave of layoffs (~300 workers, half the plant's workforce) beginning May 4. Production is shifting offshore to Thailand, where double-sided tape measure demand is growing, while demand for the iconic single-sided product has declined. The move accelerates SWK's offshore manufacturing shift and restructuring narrative. Bear case: continued reliance on offshore production and tariff exposure could compress margins, and labor-related headlines pose reputational risk in a politically sensitive trade environment.
May 11Stanley Black & Decker announced sale of Aerospace Manufacturing business to Howmet Aerospace and final New Britain tape measure plant closure.Positive▶
Stanley Black & Decker shares rose Monday after announcing a sale of its Aerospace Manufacturing business to Howmet Aerospace. The company is also closing its final tape-measure factory in New Britain, Connecticut (~300 layoffs), continuing its long-running offshore production shift. Q1 2026 results beat expectations with EPS of $0.80 (vs $0.61 consensus) and revenue of $3.85B (vs $3.75B). Wall Street Zen upgraded SWK to Buy from Hold. Baird raised PT to $84 (from $82); JPMorgan raised PT to $75 (from $65). Average analyst PT of $86.5 implies ~12% upside.
May 8Q1 beats revenue 2.7% and EPS 34.6% but stock flat; closing last New Britain plantMixed▶
Stanley Black & Decker reported Q1 2026 revenue of $3.85B beating $3.75B estimate by 2.7% and adjusted EPS of $0.80 crushing $0.59 estimate by 34.6%, yet market reacted negatively. Company announced closure of final tape-measure factory in New Britain, Connecticut, shifting production to lower-cost regions like Thailand. Stock broke through 200-day moving average suggesting long-term bullish trend. Director John Garrison acquired 2,603 restricted stock units on May 4. Mizuho analyst raised PT to $110 from $90 with Outperform rating.
May 7Stanley Black & Decker raises 2026 EPS guidance post-CAM sale, authorizes $500M buyback despite tape factory layoffsPositive▶
Stanley Black & Decker reported Q1 2026 sales of $3.846 billion with EPS of $0.75 beating estimates of $0.68. The company raised 2026 GAAP EPS guidance to $4.15-$5.35 following the April 6, 2026 completion of the $1.8 billion Consolidated Aerospace Manufacturing (CAM) sale to Howmet Aerospace, and authorized a new $500 million share repurchase program. The company will eliminate approximately 300 jobs and close a New Britain, Connecticut tape-measure plant due to reduced demand. Tariff changes expected to have minimal material impact on 2026 guidance.
May 6Stanley Black & Decker Reports Strong Q1, Beats EPS, Completes Aerospace SalePositive▶
Stanley Black & Decker reported Q1 2026 net sales of $3.8 billion, up 3% from higher prices (+3%) and currency gains (+3%), though offset by volume decline (-3%) from North American retail softness. Q1 EPS of $0.75 beat Zacks Consensus Estimate of $0.68. Adjusted EPS of 80 cents exceeded the 63 cents estimate. The company completed the $1.8 billion sale of its Consolidated Aerospace Manufacturing Business to Howmet Aerospace in April. Baird raised price target to $84 from $82, while Barclays maintains Buy rating. The company ranked No. 36 on Fortune's Most Innovative Companies list.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| SWKSTANLEY | $86.76 | +14.85% | +0.1% | 12.2x | 1.20 | $11.7B |
| PHPARKER | $929.61 | +7.50% | +0.7% | 25.4x | 1.18 | $109.0B |
| ITWILLINOIS | $261.80 | +4.75% | +0.2% | 20.5x | 1.05 | $71.9B |
| GWWWW | $1,317.46 | +6.31% | -2.0% | 24.6x | 1.04 | $58.5B |
| DOVDOVER | $222.33 | +7.01% | -1.4% | 17.9x | 1.21 | $28.0B |
| IRINGERSOLL | $77.46 | +10.22% | +0.4% | 18.3x | 1.25 | $27.5B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.