Stanley Black & Decker Comes In A Little Light, But Has Drivers For 2020

The last year has been fairly good for Stanley Black & Decker (SWK) despite significant headwinds from tariffs, the U.S. dollar, and challenging conditions in the auto end-market. Helped by growth in the tools business, Stanley Black & Decker’s organic growth held up better than most multi-industrials, and there has been further progress in the Security business.

When I last wrote about the stock, I recommended picking up SWK shares if and when they fell below $140. Investors got two of those opportunities, and the shares have solidly outperformed the industrial sector and the S&P 500 since the last one. At this point, even with what is likely to be an above-average organic growth profile for 2020, I think the shares are little pricier and I’d be more interested again in the $150’s.

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Stanley Black & Decker Comes In A Little Light, But Has Drivers For 2020