Stanley Black & Decker Inc (SWK): Today's Featured Industrial Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Stanley Black & Decker ( SWK) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Stanley Black & Decker fell $2.15 (-2.8%) to $75.93 on heavy volume. Throughout the day, 3,944,749 shares of Stanley Black & Decker exchanged hands as compared to its average daily volume of 1,493,900 shares. The stock ranged in price between $75.01-$77.12 after having opened the day at $75.71 as compared to the previous trading day's close of $78.08. Other companies within the Industrial industry that declined today were: Exide Technologies ( XIDE), down 23.9%, China BAK Battery ( CBAK), down 12.4%, Intellicheck Mobilisa ( IDN), down 7.5% and GreenHunter Energy ( GRH), down 6.5%.
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Stanley Black & Decker, Inc. provides power and hand tools, mechanical access solutions, and electronic security and monitoring systems for various industrial applications primarily in the United States, Canada, Europe, and Asia. Stanley Black & Decker has a market cap of $12.4 billion and is part of the industrial goods sector. The company has a P/E ratio of 28.5, above the S&P 500 P/E ratio of 17.7. Shares are up 5.6% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Stanley Black & Decker as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Ecotality ( ECTY), down 12.4%, Coleman Cable ( CCIX), down 9.3%, Compx International ( CIX), down 7.9% and Adept Technology ( ADEP), down 6.2% , were all gainers within the industrial industry with Cummins ( CMI) being today's featured industrial industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

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