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☆ Stanley Black & Decker's guidance pressures the stock. But Cramer says buy the dip
▼ + stars: | 2024-02-01 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +8 min

Stanley Black & Decker reported mixed fourth-quarter results Thursday but beat expectations on the metrics that matter most to our investment thesis — evidence the toolmaker's turnaround strategy is working to plan. Bottom line The roughly 4% decline in Stanley Black & Decker is overdone, giving investors a chance to buy a stock that is poised to benefit from the Federal Reserve likely lowering interest rates later this year . "I would take action on Stanley Black & Decker," Jim Cramer said Thursday. Guidance Stanley Black & Decker expects organic revenue in 2024 to be approximately unchanged year over year at this midpoint of its guidance. A worker assembles steel tool chests at a Stanley Black & Decker Inc. Craftsman Tools manufacturing facility in Sedalia, Missouri, U.S., on Tuesday, July 17, 2018.

Persons: Stanley Black, Decker, Jim Cramer, Stanley, Patrick Hallinan, Hallinan, Jim Cramer's, Jim Organizations: Revenue, LSEG, Federal, Stanley, Management, Wall Street, FactSet, Industrial, Stanley Infrastructure, Epiroc, Mizuho Securities, CNBC, Decker Inc, Tools, Bloomberg, Getty Locations: Sedalia , Missouri, U.S

☆ We're using the broader stock market pullback to add to this turnaround play
▼ + stars: | 2023-08-08 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Following the trade, Jim Cramer's Charitable Trust will own 250 shares of SWK, increasing its weighting in the portfolio to 0.82% from 0.33%. The stock market is like any type of store. Lastly, the stock's healthy dividend yield of about 3.4% is attractive payment as we wait for the turnaround to play out. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stanley Black, Decker, Jim Cramer's, Stanley, we'd, Jim Cramer, Jim Organizations: Stanley, SWK, CNBC, Decker Inc, Tools, Bloomberg, Getty Locations: Sedalia , Missouri, U.S

☆ Stanley Black & Decker to Close Texas, South Carolina Plants
▼ + stars: | 2023-03-21 | by ( John Keilman | ) www.wsj.com time to read: 1 min

Stanley Black & Decker executives have spoken in recent months of shrinking the company’s footprint. Stanley Black & Decker Inc. said it is closing factories in Texas and South Carolina, relocating some operations to Tennessee facilities as the company revamps its manufacturing and distribution network. The Connecticut-based tool maker said the moves would affect the jobs of 357 employees. Eighty jobs will be added in Tennessee, the company said.

☆ Stanley Black & Decker Discloses Possible Foreign Bribery Violations
▼ + stars: | 2023-02-27 | by ( Dylan Tokar | ) www.wsj.com time to read: +2 min

Stanley Black & Decker Inc. has identified transactions among its international operations that may have violated U.S. antibribery laws, the company said. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. PREVIEWStanley Black & Decker in its filing didn’t disclose where the violations may have occurred. The company’s annual revenue rose to $16.9 billion at the end of its fourth quarter, up 11% from the prior year, Stanley Black & Decker said. Stanley Black & Decker last month said it was appointing a new chief financial officer to address inflation and supply-chain challenges.

Stanley Black & Decker Inc. appointed the chief financial officer of Fortune Brands Innovations Inc. to lead its finances as the tool maker works on substantial cost cuts. Mr. Hallinan will join Stanley Black & Decker after a 17-year career at home- and security-products maker Fortune Brands. Mr. Hallinan will remain CFO at Fortune Brands until March 2. At Stanley Black & Decker, Mr. Hallinan will succeed Corbin Walburger, who stepped in as interim finance chief last July when Donald Allan Jr. , the previous CFO, was elevated to chief executive officer. Patrick Hallinan has been appointed chief financial officer of Stanley Black & Decker, effective April 6.

☆ Layoffs Create Pitfalls for Finance Executives Looking to Cut Costs
▼ + stars: | 2022-11-28 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +6 min

They are increasingly looking to layoffs as a way to preserve capital, alongside other measures, such as hiring freezes. Finance chiefs play a key role in this by determining which costs to cut and setting companies’ financial targets, said advisers who work with companies during staffing cuts. Tech business HP Inc., ride-hailing company Lyft Inc. and tool-and-appliance maker Stanley Black & Decker Inc. have announced layoffs in recent months. Finance chiefs are increasingly part of the initial discussions about whether job cuts are needed, said Hardik Sheth, a partner at Boston Consulting Group, a management consulting firm. Some employees at Twitter, which recently cut roughly half of its workforce, are now pushing back against the dismissals.

☆ Cramer's lightning round: International Paper is not a buy
▼ + stars: | 2022-09-19 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

In this article KSWKIPMDTMARAMTTRHPQLoading chart...Marathon Digital Holdings Inc: "It's just a speculative company. I just want nothing to do with it." Loading chart...International Paper Co: "Once that starts rolling over, it rolls over big. Loading chart...Stanley Black & Decker Inc: "I think that it can easily go down another 10%. If you're willing to accept that, then I think you're absolutely fine."

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