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Stanley Black & Decker

NYSE:SWK
Snowflake Description

Established dividend payer with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SWK
NYSE
$22B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Stanley Black & Decker, Inc. engages in tools and storage, industrial, and security businesses worldwide. The last earnings update was 54 days ago. More info.


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SWK Share Price and Events
7 Day Returns
1.8%
NYSE:SWK
1.4%
US Machinery
1.2%
US Market
1 Year Returns
4.9%
NYSE:SWK
2.3%
US Machinery
2.3%
US Market
SWK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Stanley Black & Decker (SWK) 1.8% 6.2% 6.6% 4.9% 26.2% 63.8%
US Machinery 1.4% 4% 1.3% 2.3% 44.4% 24%
US Market 1.2% 2% 2% 2.3% 37.9% 39.8%
1 Year Return vs Industry and Market
  • SWK outperformed the Machinery industry which returned 2.3% over the past year.
  • SWK outperformed the Market in United States of America which returned 2.3% over the past year.
Price Volatility
SWK
Industry
5yr Volatility vs Market

Value

 Is Stanley Black & Decker undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Stanley Black & Decker to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Stanley Black & Decker.

NYSE:SWK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:SWK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.065 (1 + (1- 21%) (26.23%))
1.192
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.192 * 5.96%)
9.83%

Discounted Cash Flow Calculation for NYSE:SWK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Stanley Black & Decker is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:SWK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.83%)
2019 987.52 Analyst x9 899.12
2020 1,402.96 Analyst x10 1,163.03
2021 1,429.60 Analyst x5 1,079.02
2022 1,379.00 Analyst x2 947.66
2023 1,531.50 Analyst x2 958.25
2024 1,569.07 Est @ 2.45% 893.88
2025 1,608.87 Est @ 2.54% 834.50
2026 1,650.62 Est @ 2.59% 779.51
2027 1,694.11 Est @ 2.64% 728.44
2028 1,739.24 Est @ 2.66% 680.90
Present value of next 10 years cash flows $8,964.32
NYSE:SWK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,739.24 × (1 + 2.73%) ÷ (9.83% – 2.73%)
$25,159.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $25,159.02 ÷ (1 + 9.83%)10
$9,849.56
NYSE:SWK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $8,964.32 + $9,849.56
$18,813.88
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $18,813.88 / 151.53
$124.16
NYSE:SWK Discount to Share Price
Calculation Result
Value per share (USD) From above. $124.16
Current discount Discount to share price of $143.47
= -1 x ($143.47 - $124.16) / $124.16
-15.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Stanley Black & Decker is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Stanley Black & Decker's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Stanley Black & Decker's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:SWK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-30) in USD $4.08
NYSE:SWK Share Price ** NYSE (2019-06-19) in USD $143.47
United States of America Machinery Industry PE Ratio Median Figure of 99 Publicly-Listed Machinery Companies 20.47x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Stanley Black & Decker.

NYSE:SWK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:SWK Share Price ÷ EPS (both in USD)

= 143.47 ÷ 4.08

35.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Stanley Black & Decker is overvalued based on earnings compared to the US Machinery industry average.
  • Stanley Black & Decker is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Stanley Black & Decker's expected growth come at a high price?
Raw Data
NYSE:SWK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 35.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
13.2%per year
United States of America Machinery Industry PEG Ratio Median Figure of 80 Publicly-Listed Machinery Companies 1.46x
United States of America Market PEG Ratio Median Figure of 2,128 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

NYSE:SWK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 35.18x ÷ 13.2%

2.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Stanley Black & Decker is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Stanley Black & Decker's assets?
Raw Data
NYSE:SWK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-30) in USD $47.40
NYSE:SWK Share Price * NYSE (2019-06-19) in USD $143.47
United States of America Machinery Industry PB Ratio Median Figure of 127 Publicly-Listed Machinery Companies 2.26x
United States of America Market PB Ratio Median Figure of 5,246 Publicly-Listed Companies 1.8x
NYSE:SWK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SWK Share Price ÷ Book Value per Share (both in USD)

= 143.47 ÷ 47.40

3.03x

* Primary Listing of Stanley Black & Decker.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Stanley Black & Decker is overvalued based on assets compared to the US Machinery industry average.
X
Value checks
We assess Stanley Black & Decker's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Stanley Black & Decker has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Stanley Black & Decker expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Stanley Black & Decker expected to grow at an attractive rate?
  • Stanley Black & Decker's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Stanley Black & Decker's earnings growth is positive but not above the United States of America market average.
  • Stanley Black & Decker's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:SWK Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:SWK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 13.2%
NYSE:SWK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 4%
United States of America Machinery Industry Earnings Growth Rate Market Cap Weighted Average 10.3%
United States of America Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:SWK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:SWK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 17,251 2,118 1,834 3
2022-12-31 16,594 1,970 1,664 3
2021-12-31 15,936 1,996 1,539 10
2020-12-31 15,345 1,940 1,407 17
2019-12-31 14,719 1,468 1,189 17
NYSE:SWK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-30 14,107 1,179 605
2018-12-29 13,982 1,261 605
2018-09-29 13,593 1,505 992
2018-06-30 13,457 1,430 1,019
2018-03-31 13,320 633 1,004
2017-12-30 12,967 669 1,227
2017-09-30 12,423 789 1,201
2017-07-01 11,945 920 1,176
2017-04-01 11,591 1,264 1,170
2016-12-31 11,594 1,186 968
2016-10-01 11,332 1,478 977
2016-07-02 11,279 1,471 962
2016-04-02 11,214 1,287 926

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Stanley Black & Decker's earnings are expected to grow by 13.2% yearly, however this is not considered high growth (20% yearly).
  • Stanley Black & Decker's revenue is expected to grow by 4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:SWK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from Stanley Black & Decker Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SWK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 11.23 11.23 11.23 1.00
2022-12-31 10.86 11.25 10.47 2.00
2021-12-31 10.30 11.54 9.74 5.00
2020-12-31 9.40 9.79 8.82 11.00
2019-12-31 7.98 8.70 7.57 11.00
NYSE:SWK Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-30 4.08
2018-12-29 4.06
2018-09-29 6.64
2018-06-30 6.79
2018-03-31 6.70
2017-12-30 8.20
2017-09-30 8.06
2017-07-01 7.95
2017-04-01 7.96
2016-12-31 6.63
2016-10-01 6.70
2016-07-02 6.60
2016-04-02 6.32

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Stanley Black & Decker is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Stanley Black & Decker's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Stanley Black & Decker has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Stanley Black & Decker performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Stanley Black & Decker's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Stanley Black & Decker's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Stanley Black & Decker's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Stanley Black & Decker's 1-year earnings growth is negative, it can't be compared to the US Machinery industry average.
Earnings and Revenue History
Stanley Black & Decker's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Stanley Black & Decker Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SWK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-30 14,106.70 604.50 2,977.50
2018-12-29 13,982.40 605.20 2,987.20
2018-09-29 13,592.50 992.20 2,994.20
2018-06-30 13,457.10 1,018.90 3,076.80
2018-03-31 13,319.60 1,004.20 3,032.80
2017-12-30 12,966.60 1,227.30 2,957.40
2017-09-30 12,422.80 1,201.30 2,858.40
2017-07-01 11,945.40 1,175.70 2,744.30
2017-04-01 11,591.10 1,169.60 2,683.10
2016-12-31 11,593.50 968.00 2,622.10
2016-10-01 11,331.90 977.00 2,550.70
2016-07-02 11,279.40 962.20 2,513.60
2016-04-02 11,213.90 926.40 2,491.20
2016-01-02 11,171.80 903.80 2,486.40
2015-10-03 11,308.90 855.90 2,534.10
2015-07-04 11,358.30 868.20 2,566.90
2015-04-04 11,351.50 854.30 2,578.30
2015-01-03 11,338.60 857.20 2,595.90
2014-09-27 11,153.90 705.50 2,571.00
2014-06-28 11,033.30 628.90 2,567.50
2014-03-29 11,031.40 604.60 2,564.80
2013-12-28 10,889.50 519.80 2,554.60
2013-09-28 10,751.20 588.80 2,519.40
2013-06-29 10,510.10 509.10 2,452.00
2013-03-30 10,197.00 442.40 2,382.00
2012-12-29 10,022.40 456.90 2,336.40
2012-09-29 9,339.40 408.60 2,230.30
2012-06-30 9,441.90 479.70 2,277.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Stanley Black & Decker has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Stanley Black & Decker used its assets less efficiently than the US Machinery industry average last year based on Return on Assets.
  • Stanley Black & Decker has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Stanley Black & Decker's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Stanley Black & Decker has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Stanley Black & Decker's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Stanley Black & Decker's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Stanley Black & Decker's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Stanley Black & Decker's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Stanley Black & Decker's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Stanley Black & Decker Company Filings, last reported 2 months ago.

NYSE:SWK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-30 7,936.70 5,703.10 281.80
2018-12-29 7,839.90 4,198.40 288.70
2018-09-29 8,085.10 5,243.00 369.90
2018-06-30 8,187.80 4,945.50 385.80
2018-03-31 8,441.80 4,245.20 408.00
2017-12-30 8,305.00 3,866.80 637.50
2017-09-30 8,018.80 4,459.70 483.30
2017-07-01 7,706.40 4,463.50 539.50
2017-04-01 6,818.10 5,026.40 378.00
2016-12-31 6,373.60 3,874.70 1,131.80
2016-10-01 6,081.20 4,019.50 420.80
2016-07-02 5,850.10 4,267.10 568.20
2016-04-02 5,715.20 4,383.30 366.50
2016-01-02 5,859.20 3,848.50 480.30
2015-10-03 5,720.60 4,349.00 307.90
2015-07-04 5,866.50 4,299.90 404.70
2015-04-04 5,697.20 4,515.80 450.50
2015-01-03 6,511.90 3,901.80 509.80
2014-09-27 7,044.00 4,346.80 508.20
2014-06-28 7,137.30 4,395.00 538.00
2014-03-29 6,979.30 4,589.80 451.30
2013-12-28 6,880.50 4,344.60 517.90
2013-09-28 7,018.30 4,739.60 489.40
2013-06-29 6,724.50 4,811.50 583.30
2013-03-30 6,659.10 4,871.50 577.80
2012-12-29 6,727.10 3,545.90 734.50
2012-09-29 7,263.90 4,319.70 781.20
2012-06-30 6,892.20 3,975.40 589.80
  • Stanley Black & Decker's level of debt (71.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (65.7% vs 71.9% today).
  • Debt is well covered by operating cash flow (20.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.7x coverage).
X
Financial health checks
We assess Stanley Black & Decker's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Stanley Black & Decker has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Stanley Black & Decker's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.84%
Current annual income from Stanley Black & Decker dividends. Estimated to be 1.94% next year.
If you bought $2,000 of Stanley Black & Decker shares you are expected to receive $37 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Stanley Black & Decker's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Stanley Black & Decker's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:SWK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 77 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:SWK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 2.82 1.00
2022-12-31 2.78 1.00
2021-12-31 2.91 5.00
2020-12-31 2.80 9.00
2019-12-31 2.68 9.00
NYSE:SWK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-17 2.640 1.891
2019-02-12 2.640 1.936
2018-10-18 2.640 2.143
2018-07-18 2.640 1.861
2018-04-19 2.520 1.797
2018-02-27 2.520 1.630
2017-10-18 2.520 1.523
2017-07-19 2.520 1.728
2017-04-20 2.320 1.662
2017-02-15 2.320 1.784
2016-10-20 2.320 1.940
2016-07-21 2.320 1.903
2016-04-20 2.200 1.950
2016-02-17 2.200 2.175
2015-10-16 2.200 2.158
2015-07-24 2.200 2.176
2015-04-16 2.080 2.003
2015-02-17 2.080 2.150
2014-10-13 2.080 2.226
2014-07-23 2.080 2.324
2014-04-15 2.000 2.318
2014-02-18 2.000 2.480
2013-10-10 2.000 2.492
2013-07-24 2.000 2.281
2013-04-16 1.960 2.484
2013-02-19 1.960 2.482
2012-10-15 1.960 2.688
2012-07-18 1.960 2.803
2012-04-17 1.640 2.475
2012-02-14 1.640 2.126
2011-10-13 1.640 2.456
2011-07-15 1.640 2.812
2011-04-19 1.640 2.276
2011-02-15 1.640 2.180
2010-10-15 1.360 2.098
2010-07-16 1.360 2.348
2010-04-20 1.320 2.352
2010-02-16 1.320 2.256
2009-10-16 1.320 2.588
2009-07-20 1.320 3.182

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Stanley Black & Decker's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.7x coverage).
X
Income/ dividend checks
We assess Stanley Black & Decker's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Stanley Black & Decker afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Stanley Black & Decker has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Stanley Black & Decker's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jim Loree
COMPENSATION $13,563,404
AGE 60
TENURE AS CEO 2.9 years
CEO Bio

Mr. James M. Loree, also known as Jim, has been the Chief Executive Officer of Stanley Black & Decker, Inc. since July 31, 2016. Mr. Loree has been the President of Stanley Black & Decker, Inc. since January 13, 2013. Mr. Loree served as the Chief Operating Officer of Stanley Black & Decker, Inc. from January 2009 to July 31, 2016. He served as the Chief Financial Officer and Executive Vice President of finance at Stanley Black & Decker, Inc. since July 19, 1999 to January 2009. As Chief Financial Officer, he had responsibility for investor relations; tax; treasury; accounting; audit; operational finance; supplier management; information technology; and business development activities, including strategic planning and mergers and acquisitions. He served as an Executive Vice President at Stanley Black & Decker, Inc. since September 2002 until January 2012. Mr. Loree joined Stanley Black & Decker, Inc. (then Stanley Works) in 1999 after 19 years with General Electric Company. Mr. Loree’s career with GE spanned a multitude of assignments and industries, including leading financial and operational audits of GE’s global businesses, advising company on global business strategy and served as Chief Financial Officer of one-third of GE Capital’s numerous operating businesses. He has been a Director of Stanley Black & Decker, Inc. since July 31, 2016. He served as an Independent Director of Harsco Corporation since November 1, 2010. He serves as Director of Hartford Hospital, Inc. He has been a Director of Whirlpool Corporation since December 18, 2017. He serves as Trustee of Manufacturers Alliance for Productivity and Innovation, Inc. He received a Bachelor of Arts in Economics from Union College, Schenectady, N.Y., where he graduated summa cum laude and was elected to Phi Beta Kappa.

CEO Compensation
  • Jim's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jim's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Stanley Black & Decker management team in years:

6.7
Average Tenure
54
Average Age
  • The average tenure for the Stanley Black & Decker management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jim Loree

TITLE
President
COMPENSATION
$14M
AGE
60
TENURE
2.9 yrs

Don Allan

TITLE
Executive VP & CFO
COMPENSATION
$4M
AGE
54
TENURE
10.4 yrs

Jeff Ansell

TITLE
Executive VP and President of Tools & Storage
COMPENSATION
$4M
AGE
50
TENURE
15.4 yrs

Jaime Ramirez

TITLE
Senior VP & President of Global Emerging Markets
COMPENSATION
$3M
AGE
50
TENURE
6.7 yrs

John H. Wyatt

TITLE
President of Stanley Engineered Fastening
COMPENSATION
$3M
AGE
59
TENURE
3.4 yrs

Jocelyn Belisle

TITLE
VP & Chief Accounting Officer
TENURE
9.9 yrs

Mark Maybury

TITLE
Chief Technology Officer
TENURE
1.6 yrs

Rhonda Gass

TITLE
VP & Chief Information Officer
AGE
54
TENURE
6.7 yrs

Dennis Lange

TITLE
Vice President of Investor Relations

Janet Link

TITLE
Senior VP
COMPENSATION
$4M
AGE
48
TENURE
1.9 yrs
Board of Directors Tenure

Average tenure and age of the Stanley Black & Decker board of directors in years:

3.8
Average Tenure
60
Average Age
  • The tenure for the Stanley Black & Decker board of directors is about average.
Board of Directors

George Buckley

TITLE
Chairman of the Board
COMPENSATION
$475K
AGE
71
TENURE
2.4 yrs

Jim Loree

TITLE
President
COMPENSATION
$14M
AGE
60
TENURE
2.9 yrs

Carlos Cardoso

TITLE
Independent Director
COMPENSATION
$330K
AGE
60
TENURE
11.7 yrs

Patrick Campbell

TITLE
Independent Director
COMPENSATION
$288K
AGE
65
TENURE
10.7 yrs

Andrea Ayers

TITLE
Independent Director
COMPENSATION
$265K
AGE
54
TENURE
4.5 yrs

Mike Hankin

TITLE
Independent Director
COMPENSATION
$305K
AGE
60
TENURE
3.2 yrs

Robert Coutts

TITLE
Independent Director
COMPENSATION
$291K
AGE
68
TENURE
11.9 yrs

Debra Crew

TITLE
Independent Director
COMPENSATION
$275K
AGE
47
TENURE
5.5 yrs

Jim Scholefield

TITLE
Independent Director
COMPENSATION
$268K
AGE
56
TENURE
1.7 yrs

Dmitri Stockton

TITLE
Independent Director
COMPENSATION
$77K
AGE
54
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • Stanley Black & Decker insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
23. May 19 Sell Jaime Ramirez Individual 21. May 19 21. May 19 -1,000 $136.94 $-136,939
06. May 19 Sell Robert Raff Individual 03. May 19 03. May 19 -6,179 $152.30 $-937,128
01. May 19 Sell Joseph Voelker Individual 29. Apr 19 29. Apr 19 -9,000 $147.17 $-1,324,512
30. Apr 19 Sell James Loree Individual 26. Apr 19 26. Apr 19 -6,699 $145.16 $-971,063
25. Apr 19 Sell Jeffery Ansell Individual 24. Apr 19 24. Apr 19 -15,639 $150.30 $-2,350,542
27. Feb 19 Sell Joseph Voelker Individual 25. Feb 19 25. Feb 19 -3,488 $137.48 $-479,532
28. Jan 19 Sell Jaime Ramirez Individual 24. Jan 19 24. Jan 19 -600 $118.69 $-71,212
30. Oct 18 Sell Jaime Ramirez Individual 29. Oct 18 29. Oct 18 -8,251 $111.29 $-918,219
30. Oct 18 Buy Michael Hankin Individual 29. Oct 18 29. Oct 18 907 $112.93 $102,428
11. Sep 18 Sell Jocelyn Belisle Individual 07. Sep 18 07. Sep 18 -1,185 $139.04 $-164,766
X
Management checks
We assess Stanley Black & Decker's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Stanley Black & Decker has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

At US$133, Is It Time To Put Stanley Black & Decker, Inc. (NYSE:SWK) On Your Watch List?

Let’s take a look at Stanley Black & Decker’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … According to my valuation model, Stanley Black & Decker seems to be fairly priced at around 6.58% above my intrinsic value, which means if you buy Stanley Black & Decker today, you’d be paying a relatively reasonable price for it. … Since Stanley Black & Decker’s share price is quite volatile, we could potentially see it sink lower (or rise higher) in the future, giving us another chance to buy.

Simply Wall St -

Is Stanley Black & Decker, Inc. (NYSE:SWK) A Financially Sound Company?

View our latest analysis for Stanley Black & Decker Does SWK Produce Much Cash Relative To Its Debt? … Looking at SWK’s US$5.8b in current liabilities, it appears that the company arguably has a rather low level of current assets relative its obligations, with the current ratio last standing at 0.91x. … Next Steps: At its current level of cash flow coverage, SWK has room for improvement to better cushion for events which may require debt repayment.

Simply Wall St -

Does This Valuation Of Stanley Black & Decker, Inc. (NYSE:SWK) Imply Investors Are Overpaying?

by estimating the company's future cash flows and discounting them to their present value. … We generally believe that a company's value is the present value of all of the cash it will generate in the future. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Is Stanley Black & Decker, Inc. (NYSE:SWK) An Attractive Dividend Stock?

Dividend paying stocks like Stanley Black & Decker, Inc. … Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments.. … Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1

Simply Wall St -

Should You Worry About Stanley Black & Decker, Inc.'s (NYSE:SWK) CEO Salary Level?

This analysis aims first to contrast CEO compensation with other large companies. … is worth US$22b, and total annual CEO compensation is US$14m. … We looked at a group of companies with market capitalizations over US$8.0b and the median CEO total compensation was US$11m

Simply Wall St -

If You Had Bought Stanley Black & Decker (NYSE:SWK) Stock Five Years Ago, You Could Pocket A 66% Gain Today

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During five years of share price growth, Stanley Black & Decker achieved compound earnings per share (EPS) growth of 3.9% per year. … This EPS growth is slower than the share price growth of 11% per year, over the same period.

Simply Wall St -

Are Insiders Selling Stanley Black & Decker, Inc. (NYSE:SWK) Stock?

So shareholders might well want to know whether insiders have been buying or selling shares in Stanley Black & Decker, Inc. … Stanley Black & Decker Insider Transactions Over The Last Year. … In total, Stanley Black & Decker insiders sold more than they bought over the last year.

Simply Wall St -

What Should We Expect From Stanley Black & Decker, Inc.'s (NYSE:SWK) Earnings In The Next 12 Months?

Help shape the future of investing tools and receive a $20 prize! … Based on Stanley Black & Decker, Inc.'s (NYSE:SWK) earnings update in December 2018, … analyst consensus outlook appear vastly optimistic,

Simply Wall St -

Why Stanley Black & Decker, Inc.'s (NYSE:SWK) High P/E Ratio Isn't Necessarily A Bad Thing

We'll look at Stanley Black & Decker, Inc.'s (NYSE:SWK) P/E ratio and reflect on what it tells us about the company's share price. … Stanley Black & Decker has a price to earnings ratio of 29.27, based on the last twelve months. … How Do You Calculate Stanley Black & Decker's P/E Ratio

Simply Wall St -

With A 8.2% Return On Equity, Is Stanley Black & Decker, Inc. (NYSE:SWK) A Quality Stock?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand Stanley Black & Decker, Inc. … Our data shows Stanley Black & Decker has a return on equity of 8.2% for the last year.

Simply Wall St -

Company Info

Description

Stanley Black & Decker, Inc. engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products. This segment sells its products through retailers, distributors, and a direct sales force to professional end users, distributors, retail consumers, and industrial customers in various industries. The company’s Industrial segment provides engineered fastening products and systems to customers in the automotive, manufacturing, electronics, construction, aerospace industries, and others; sells and rents custom pipe handling, joint welding, and coating equipment for use in the construction of large and small diameter pipelines, as well as provides pipeline inspection services; and sells hydraulic tools and accessories. This segment also serves oil and natural gas pipeline industry and other industrial customers. Its Security segment designs, supplies, and installs commercial electronic security systems and provides electronic security services; offers healthcare solutions, which include asset tracking, infant protection, pediatric protection, patient protection, wander management, fall management, and emergency call products; and sells automatic doors to commercial customers. This segment serves consumers, retailers, educational, financial, and healthcare institutions, as well as commercial, governmental, and industrial customers. The company was formerly known as The Stanley Works and changed its name to Stanley Black & Decker, Inc. in March 2010. Stanley Black & Decker, Inc. was founded in 1843 and is headquartered in New Britain, Connecticut.

Details
Name: Stanley Black & Decker, Inc.
SWK
Exchange: NYSE
Founded: 1843
$21,740,348,119
151,532,363
Website: http://www.stanleyblackanddecker.com
Address: Stanley Black & Decker, Inc.
1000 Stanley Drive,
New Britain,
Connecticut, 06053,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SWK Common Stock New York Stock Exchange US USD 02. Jan 1968
DB SWF Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
LSE 0L9E Common Stock London Stock Exchange GB USD 02. Jan 1968
WBAG SWK Common Stock Wiener Boerse AG AT EUR 02. Jan 1968
BMV SWK * Common Stock Bolsa Mexicana de Valores MX MXN 02. Jan 1968
Number of employees
Current staff
Staff numbers
60,767
Stanley Black & Decker employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 23:48
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2019/06/12
Last earnings filing: 2019/04/26
Last earnings reported: 2019/03/30
Last annual earnings reported: 2018/12/29


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.