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New Britain, Connecticut-based Stanley Black & Decker, Inc. (SWK) manufactures and provides tools and related accessories, engineered fastening systems and several other items and services. Valued at a market cap of $10.6 billion, the company serves a wide range of industries, including automotive, manufacturing, electronics, construction, and aerospace, among others.
This industrial tools and accessories provider has considerably lagged behind the broader market over the past 52 weeks. Shares of SWK have declined 26.1% over this time frame, while the broader S&P 500 Index ($SPX) has gained 21.9%. Moreover, on a YTD basis, the stock is down 14.4%, compared to SPX’s 7.8% uptick.