Stanley Black & Decker, IncNYSE: SWK
Industrials · Industrial Machinery & Supplies & Components
$86.71
+5.14%
Vol: 1.1M
Research Digest
Friday, June 19, 2026
Stanley Black & Decker announces $0.83 Q2 dividend and new $500M buyback authorization; Wells Fargo raises price target to $90 as plant closure in Connecticut eliminates 300 jobs.
Stanley Black & Decker declared a Q2 2026 cash dividend of $0.83 per common share payable June 23, 2026 to shareholders of record as of June 8, 2026, and approved a new $500 million share repurchase authorization expiring in 36 months. Wells Fargo raised the price target to $90 from $80 in mid-June as the company's multi-year supply chain transformation continues delivering cost reductions targeting gross margin above 35% by late 2026. However, the company is shutting its New Britain, Connecticut tape measure plant, eliminating approximately 300 jobs as production shifts to lower-cost overseas facilities. Q1 2026 net sales were $3.8 billion (up 3% vs. prior year), with GAAP gross margin of 30.1%, up 20 basis points. Adjusted EPS of $0.80 beat the $0.63 estimate by $0.17. The stock was near $77.47 as of June 10, up 12% over the prior 12 months.
Previous Market Intelligence
13 daysJun 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 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.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| SWKSTANLEY | $86.71 | +5.14% | +2.5% | 14.8x | 1.16 | $14.3B |
| PHPARKER | $955.22 | +0.98% | +0.2% | 28.2x | 1.11 | $121.4B |
| ITWILLINOIS | $264.30 | +0.84% | +3.4% | 22.4x | 1.01 | $78.5B |
| GWWWW | $1,362.85 | +3.95% | +0.0% | 26.6x | 1.03 | $63.4B |
| IRINGERSOLL | $78.13 | +1.38% | +2.9% | 20.9x | 1.17 | $31.5B |
| DOVDOVER | $223.88 | +1.40% | -4.7% | 18.5x | 1.16 | $28.8B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.