Stanley Black & Decker
In times when the economy is struggling, the do-it-yourself legions repair instead of replace, and this tool giant is a very solid play. Stanley Black & Decker Inc. (NYSE: SWK) engages in the tools and storage and industrial businesses in the Americas, Europe and Asia.
Its Tools & Storage segment offers professional products, including professional-grade corded and cordless electric power tools and equipment and pneumatic tools and fasteners. Its consumer products include corded and cordless electric power tools, primarily under the Black + Decker brand, as well as corded and cordless lawn and garden products and related accessories home products and hand tools, power tool accessories and storage products. This segment sells its products through retailers, distributors, dealers and a direct sales force to professional end-users, distributors, dealers, retail consumers and industrial customers in various industries.
The Industrial segment provides engineered fastening systems and products to customers in the automotive, manufacturing, electronics, construction, aerospace, oil and natural gas pipeline and other industries. It 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. It also sells hydraulic tools and performance-driven heavy equipment attachment tools and sells automatic doors to commercial customers.
The dividend yield is 2.87%. Morgan Stanley’s $137 target price is less than the $155.71 consensus target. Stanley Black & Decker stock closed almost 7% lower on Friday at $109.96.
These seven stocks should still do well even if the Fed pulls out the bazooka this week and delivers a 75-basis-point increase. The reality is the central bank is way behind the curve, and drastic measures may be in order to stem the spiraling inflation. The response to an increase of this size likely will not be good, so it may make sense to see what the actual print is, then see if the market reaction is what would be expected. Then, and only then, start to nibble at these outstanding stocks.
Originally posted at 24/7 Wall St.
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