Is Stanley Black & Decker Stock a Buy?
Stanley Black & Decker (NYSE: SWK) is something of an iconic industrial stock, with a collection of hardware brands that most people know, if not use. There's a lot of reason to like the company and its future. But that doesn't mean you should like the stock.
Here are some things to consider before you buy shares of this tools and hardware manufacturer.
Last year was marred by the COVID-19 pandemic, which led countries around the world to shut their economies. The goal was to slow the spread of the coronavirus, but it was a major blow to economic activity. So, when Stanley Black & Decker reported that full-year sales in 2020 were up a scant 1%, it's hard to get too upset. Adjusted earnings, meanwhile, were up 8%, which is actually quite respectable given the backdrop. Notably, growth in the second half of the year and acquisitions helped offset the hit from the early days of the pandemic.
Source Fool.com
