- Stanley Black & Decker posted another strong quarter, with exceptionally strong sales growth in Tools & Storage (and great operating leverage) driving the performance.
- Auto fastener demand has recovered nicely, but auto capex demand is still soft, as is industrial and oil/gas demand.
- Acquiring MTD is an opportunity to expand into powered outdoor equipment, but the business needs work on branding, product development, and operating efficiency.
- SWK shares are a mixed bag - they look a little undervalued compared to other industrials, but they're not "can't miss" cheap, and investor sentiment seems focused on other end-markets.
For further details see:
Torrid Tool Demand Continues To Drive Stanley Black & Decker