Zacks Industry Outlook Stanley Black & Decker and Techtronic Industries

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For Immediate Release Chicago, IL – October 28, 2024 – Today, Zacks Equity Research Stanley Black & Decker, Inc. SWK and Techtronic Industries Company Ltd. TTNDY. Industry: Tools - Manufacturing Link:...

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TTNDY.\nIndustry: Tools - Manufacturing\nLink:...</p>\n\n<a href=\"https://finance.yahoo.com/news/zacks-industry-outlook-stanley-black-063100356.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zacks Industry Outlook Stanley Black & Decker and Techtronic Industries</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZacks Industry Outlook Stanley Black & Decker and Techtronic Industries\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-28 14:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/zacks-industry-outlook-stanley-black-063100356.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For Immediate Release\nChicago, IL – October 28, 2024 – Today, Zacks Equity Research Stanley Black & Decker, Inc. SWK and Techtronic Industries Company Ltd. TTNDY.\nIndustry: Tools - Manufacturing\nLink:...</p>\n\n<a href=\"https://finance.yahoo.com/news/zacks-industry-outlook-stanley-black-063100356.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0267386448.USD","symbol_name":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","start_time":0,"source_url":"https://finance.yahoo.com/news/zacks-industry-outlook-stanley-black-063100356.html","article_id":"2478174059","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/itknEw5b7DJJKVh5mtJvdg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/7de9e07d9c5d4c8ea5684b6ef9bfae9a"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2478174059","pubTimestamp":1730097060,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Chicago, IL – October 28, 2024 – Today, Zacks Equity Research Stanley Black & Decker, Inc. SWK and Techtronic Industries Company Ltd. TTNDY.The Zacks Manufacturing-Tools & Related Products industry has been grappling with persistent weakness in the manufacturing sector, declines in new orders and supply-chain disruptions. The shortage of skilled labor in the United States creates concerns for the industry.However, industry players' emphasis on cost-control initiatives and investments in product development have been enabling them to be competitive in the market. Stanley Black & Decker, Inc. and Techtronic Industries Company Ltd. appear well-poised to stay afloat in challenging market conditions.Supply-Chain Disruptions: Supply-chain disruptions, especially related to the availability of electronic components, have been concerning for the industry participants of late. This is evident from the latest ISM report’s Supplier Deliveries Index, which reflected slower deliveries in September.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","BK4550":"红杉资本持仓","BK4588":"碎股","SH":"标普500反向ETF","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU0985481810.HKD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (HKD) INC M","LU0306806265.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" ACC","VOO":"Vanguard标普500ETF","LU0225771236.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (USD) INC MF","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0106831901.USD":"贝莱德世界金融基金A2","UPRO":"三倍做多标普500ETF","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC",".SPX":"S&P 500 Index","OEX":"标普100","BK4581":"高盛持仓","SPXU":"三倍做空标普500ETF","BK4504":"桥水持仓","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1548497426.USD":"安联环球人工智能AT Acc","LU0971096721.USD":"富达环球金融服务 A","SWK":"美国史丹利公司","LU0225284248.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" ACC","BK4127":"投资银行业与经纪业","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","OEF":"标普100指数ETF-iShares","SPY":"标普500ETF","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","IVV":"标普500指数ETF","SDS":"两倍做空标普500ETF","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4161":"工业机械","LU0306807586.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" (USD) INC QF","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","SSO":"两倍做多标普500ETF","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","BK4566":"资本集团","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","TTNDY":"创科实业ADR","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","BK4559":"巴菲特持仓"},"translate_title":"Zacks行业展望Stanley Black&Decker和Techtronic Industries","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TTNDY":1,"SWK":1,"VOO":0.88,"SPY":0.88,"OEF":0.6,"OEX":0.6,"SDS":0.6,"SH":0.6,"SPXU":0.6,"SSO":0.6,"UPRO":0.6,"ESmain":0.6,".SPX":0.6,"IVV":0.6},"content_text":"For Immediate Release\nChicago, IL – October 28, 2024 – Today, Zacks Equity Research Stanley Black & Decker, Inc. SWK and Techtronic Industries Company Ltd. TTNDY.\nIndustry: Tools - Manufacturing\nLink: https://www.zacks.com/commentary/2357859/2-manufacturing-tool-stocks-to-overcome-industry-headwinds\nThe Zacks Manufacturing-Tools & Related Products industry has been grappling with persistent weakness in the manufacturing sector, declines in new orders and supply-chain disruptions. The shortage of skilled labor in the United States creates concerns for the industry.\nHowever, industry players' emphasis on cost-control initiatives and investments in product development have been enabling them to be competitive in the market. Stanley Black & Decker, Inc. and Techtronic Industries Company Ltd. appear well-poised to stay afloat in challenging market conditions.\nAbout the Industry\nThe Zacks Manufacturing-Tools and Related Products industry comprises companies that develop and distribute hand and mechanics tools, hydraulic tools, engineered fastening systems, and heavy-lifting technology solutions. Arc-welding products, robotic-welding packages, fume-extraction equipment, oxy-fuel cutting equipment, plasma cutters, healthcare solutions, electronic security solutions and other products are also produced by some tool-makers.\nThe highly advanced tools are used in industrial, commercial, oil and gas, mining, automotive and other industries. The providers of electronic security solutions cater to commercial, retail, government, financial and healthcare markets. Regarding international operations, some industry players provide products and services to customers in North and South America, Japan, Europe, Canada, Asia, and the Middle East.\nMajor Trends Shaping Manufacturing Tools Industry's Prospects\nWeakness in the Manufacturing Sector: Persistent weakness in the manufacturing sector has been denting industry demand. After breaking a sixteen-month contraction streak by growing in March, the manufacturing sector contracted for the sixth consecutive month in September. Per the Institute for Supply Management’s (ISM) report, in September, the Manufacturing Purchasing Manager’s Index touched 47.2%, matching the figure recorded in August. A figure less than 50% indicates a contraction in manufacturing activity.\nAlso, the New Orders Index remained in the contraction territory for six consecutive months, registering 46.1% in September. The third quarter of 2024 recorded a slowdown in orders, with weaker-than-expected readings in the manufacturing sector.\nSupply-Chain Disruptions: Supply-chain disruptions, especially related to the availability of electronic components, have been concerning for the industry participants of late. This is evident from the latest ISM report’s Supplier Deliveries Index, which reflected slower deliveries in September. Supply-chain issues, if not controlled, might continue to raise warehouse, packaging and other logistics expenses.\nRising Costs Hurt Margins: Industry participants have been encountering input cost inflation and other expenses, denting profitability. A few industry participants have been incurring higher restructuring expenses and headcount-related costs. The rise in expenses, along with a tough labor market, poses a threat to margins. That said, companies have been focused on cost management initiatives to mitigate cost-related challenges. These include streamlining operational structures, optimizing supply networks and implementing effective pricing policies.\nInvestments in Product Development & Innovation: Constant focus on innovation by industry players, product upgrades and the development of products to stay competitive in the market will likely drive growth. While this augurs well for the industry’s long-term growth, hefty investments in research and development often leave companies with highly leveraged balance sheets.\nZacks Industry Rank Indicates Weak Prospects\nThe Zacks Manufacturing-Tools & Related Products industry, housed within the broader Zacks Industrial Products sector, currently carries a Zacks Industry Rank #246. This rank places it in the bottom 2% of more than 250 Zacks industries.\nThe group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bleak prospects in the near term. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.\nThe industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of the negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are keeping less faith in this group's earnings growth potential. The industry’s earnings estimates for 2024 have decreased 23.5% over the past year.\nDespite bleak near-term prospects, we will present a couple of stocks that you may want to retain in your portfolios. However, it is worth looking at the industry’s shareholder returns and current valuation first.\nIndustry Lags Sector & S&P 500\nThe Zacks Manufacturing-Tools & Related Products industry has underperformed the sector and the S&P 500 composite index in the past year.\nOver this period, the industry has appreciated 4% compared with the sector and the S&P 500 index’s growth of 31.4% and 40.2%, respectively.\nIndustry's Current Valuation\nOn the basis of forward P/E (F12M), which is a commonly used multiple for valuing manufacturing tools and related product stocks, the industry is currently trading at 19.29X compared with the S&P 500’s 22.01X. It is also below the sector’s P/E (F12M) ratio of 20.29X.\nIn the past five years, the industry has traded as high as 25.05X, as low as 10.98X and at the median of 18.58X.\n2 Manufacturing Tool Stocks to Keep a Tab On\nStanley Black: Headquartered in New Britain, CT, the company manufactures tools (power and hand tools) and related accessories and engineered fastening systems, among other items. It is benefiting from the global cost-reduction program, which is expected to aid Its bottom line and drive margins. The company expects to generate run rate savings of $1.5 billion from this program in 2024 and $2 billion in 2025. SWK’s commitment to rewarding shareholders through dividend payments adds to its appeal.\nStanley Black reported better-than-expected results in the last four quarters, the earnings surprise being 20.3%, on average. The Zacks Consensus Estimate for the company’s 2024 earnings has been unchanged in the past 60 days. SWK has an estimated earnings growth rate of 188.2% for the current year. The Zacks Rank #3 (Hold) stock has gained 33.2% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.\nTechtronic Industries: Headquartered in Hong Kong, the company specializes in designing, manufacturing and marketing power tools, outdoor power equipment, and floorcare and cleaning products, serving markets in North America, Europe, and internationally. Techtronic Industries is benefiting from strength across the TTI Power Equipment segment, driven by solid growth in the MILWAUKEE business. Solid momentum in the floorcare and cleaning business is also expected to bolster TTNDY’s growth.\nIn the past 60 days, This Zacks Rank #3 company’s earnings estimates have been unchanged for 2024. TTNDY has an estimated earnings growth rate of 15.8% for the current year. The stock has gained 61.6% in a year.\nWhy Haven't You Looked at Zacks' Top Stocks?\nSince 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.\nToday you can access their live picks without cost or obligation.\nSee Stocks Free >>\nZacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.\nMedia Contact\nZacks Investment Research\n800-767-3771 ext. 9339\nsupport@zacks.com\nhttps://www.zacks.com\nPast performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance  for information about the performance numbers displayed in this press release.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nStanley Black & Decker, Inc. (SWK) : Free Stock Analysis Report\nTechtronic Industries Co. (TTNDY) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2478174059"}