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Stanley Black & Decker Inc (SWK) 2

Investors looking for top industrial stocks to buy right now can consider Stanley Black & Decker as one possible option. You might recognize Stanley Black & Decker as the company that makes DIY and home improvement tools. However, it is not only the largest tools and storage company in the world, but also a leading global provider of industrial tools used in industries like oil & gas, heavy construction, and manufacturing. The company has an entire business segment dedicated to the industrial sector.

Investors researching top security stocks to buy should also note that Stanley Black & Decker is the second-largest commercial electronic security company in the world. Stanley Black & Decker recently reported its Q22020 earnings on July 30th, 2020. Revenues were $3.1 billion, down 16.2% on a year-on-year basis. The earnings-per-share came in at $1.6, a drop of 39.8% as compared to the same quarter the previous year.

The operating margin was down 200 basis points on a year-on-year basis to 12.8%. Revenues beat analyst estimates by around $20 million while earnings per share beat estimates by $0.32 per share. The 2nd quarter of 2020 marked the sixth consecutive quarter of analyst estimate-beating results. Stanley Black & Decker is among the best industrial stocks to buy.

According to company CEO, James Loree, “There’s the sudden acceleration in the shift to e-commerce, and then there’s a reconnection with the home and garden and a trend toward nesting and DIY; and thirdly, a newfound societal obsession with health and safety, reimagined security. The combination of these trends has profound and exciting implications for our future growth and strategic positioning.”

There is no doubt that these broader developments place Stanley Black & Decker as one of the security stocks to buy. While all the business segment revenues were down on a Y-o-Y basis, the security segment was down the least with a 10.9% drop.


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