NYSE:SWKMachinery
Stanley Black & Decker (SWK) Is Down 5.9% After Closing Historic New Britain Plant - What's Changed
In late February 2026, Stanley Black & Decker announced it would close its last New Britain, Connecticut manufacturing plant, ending more than 180 years of local production and affecting about 300 workers as demand for single-sided tape measures structurally declines.
At the same time, the Board reaffirmed a regular cash dividend of US$0.83 per share, underscoring management’s commitment to ongoing capital returns even as it reshapes its manufacturing footprint.
Next, we’ll examine how...