Summary
Stanley Black & Decker is a name synonymous with great tools.
The company is a dividend aristocrat that has recently sold off.
The company is highly reliant upon a strong economy, but it has become more diversified over recent years.
We review if shares are worth adding here.
Stanley Black & Decker (SWK) has fallen from highs to new lows. The stock continues its downward trend as fears of an economic slowdown arise. With a majority of its products being tied to the housing market, the stock has seen a sell off with the rise in rates and weak housing numbers. The company is a respectable dividend aristocrat with a long history of increased capital returns to shareholders. As the company continues to acquire smaller competitors and established business lines in the industrial space, its revenue stream should continue to accelerate higher. Investors looking for an industrial space play for their portfolio should take a further look at Stanley Black & Decker.
