Stanley Black & Decker, Inc. (NYSE: SWK) (the "Company") today announced the pricing of 750,000 shares of its Series C Cumulative Perpetual Convertible Preferred Stock, with no par value and the liquidation preference fixed at $1,000 per share (the "Convertible Preferred Stock"), originally issued on May 17, 2017 as part of the Company's corporate units (the "Corporate Units"). The remarketing is expected to settle on May 15, 2020, subject to customary closing conditions.

Stanley Black & Decker (SWK), with shares down 42% so far in 2020, faces risks from difficult end-market conditions and external woes. The virus outbreak is also likely to hamper revenue generation.

Stanley Black (SWK) hikes organic sales projections for the second quarter of 2020, driven by strengthening retail POS in North America and the security business.

Q1 2020 Stanley Black & Decker Inc Earnings Call

Moody's Investors Service (Moody's) assigned a Baa3 rating to Stanley Black & Decker, Inc.'s (SWK) remarketed Series C Perpetual Preferred Stock, originally issued in 2017. Stanley Black and Decker's existing ratings and stable outlook remain unchanged. Since investment grade issuers have rarely missed coupon payments on these types of securities, Moody's considers the cash flow stream associated with them to be similar in nature to the cash outflows associated with servicing debt.

Stanley Black & Decker's (SWK) first-quarter earnings results are likely to reflect the adverse impacts of the coronavirus outbreak. External woes (forex woes, tariffs and commodity inflation) might have hurt too.

The impacts of the coronavirus outbreak, cost-related woes, and other headwinds are expected to get reflected in the results of the majority of industrial stocks in Q1.

Stanley Black & Decker, Inc. (NYSE: SWK) has recovered some of its March coronavirus losses, but it still trades down 16% year over year and 33% year to date. One analyst team sees limits to the company's recovery.The Black & Decker RatingBank of America analysts Ross Gilardi and Michael Feniger downgraded Stanley Black & Decker to Neutral and cut their price target from $121 to $120.The Black & Decker ThesisIn the last few years, Stanley has taken great pains to protect its margins from trade wars, and in the last few months, it's determined to cut another $1 billion in costs to mitigate COVID-19 impacts."At some point, all of the focus on margin resilience could come at [the] expense of innovation, long-term competitive position, and distract from a need to onshore more of its supply chain," Gilardi wrote in a note. "Competitor TTI has grown R&D and headcount far more aggressively in the last 5 years."Innovation may be critical, as Stanley's current portfolio isn't seen to generate enough demand."The business was already headed for a fairly material deceleration prior to COVID-19," Gilardi wrote. "While point of sales data has apparently rebounded in April, we see room for the power tool market to get more competitive and promotional in the next few years with a weaker consumer and softer housing market."The analysts expect investors to turn their focus to 2021 in the next few months and begin to evaluate Stanley Black & Decker based on EV/EBITDA peer comparisons.SWK Price ActionShares traded down 4.2% to $108.72 on Tuesday.Related Links:While GE's Q1 Print Reflects Coronavirus Impact, BofA Applauds Actions Taken To Preserve LiquidityEvery Member Of Trump's 'Great American Economic Revival' Industry GroupsLatest Ratings for SWK DateFirmActionFromTo May 2020B of A SecuritiesDowngradesBuyNeutral May 2020UBSMaintainsBuy May 2020JP MorganMaintainsOverweight View More Analyst Ratings for SWK View the Latest Analyst RatingsSee more from Benzinga * Here's What Kara Swisher And Chamath Palihapitiya Think About Elon Musk's Threats To Leave California * The Fed Makes History Buying 0B In Corporate Bonds * Analyst Polishes Apple Price Target On 'Teflon-Like' Services, iPhone 12 Outlook(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Shares of Stanley Black & Decker Inc. rallied 3.2% in morning trading Tuesday, after tools maker raised its second-quarter sales outlook, citing strength in its U.S. retail channel for tools and storage and in global security. The company now expects an organic decline of 20% to 30%, compared with guidance provided on April 30 of 35% to 45%. The new guidance was provided by Chief Financial Officer Donald Allen at the J.P. Morgan Homebuilding and Building Products Conference. The stock has declined 23.1% year to date through Monday, while the S&P 500 has shed 13.0%.

Stanley Black & Decker (NYSE: SWK) today announced first quarter 2020 financial results.

Bear Of the Day: Stanley Black Decker (SWK)

SWK earnings call for the period ending March 28, 2020.

Stanley Black's (SWK) first-quarter 2020 earnings beat estimates, while declining year over year on a sales dip and a fall in margins. Revenues so far in Q2 decline due to the pandemic woes.

Stanley Black & Decker, Inc. (NYSE: SWK) (the "Company") today announced commencement of a remarketing of $750 million of its Series C Cumulative Perpetual Convertible Preferred Stock, with no par value and the liquidation preference fixed at $1,000 per share (the "Convertible Preferred Stock"), originally issued on May 17, 2017 as part of the Company's corporate units (the "Corporate Units").

Stanley Black & Decker (NYSE: SWK) today announced that Jim Loree and Don Allan will be presenting at the following virtual investor conferences:

It was a tough day for Stanley Black & Decker, but it wasn't broad market weakness -- it was earnings.

Stanley Black & Decker (NYSE: SWK) invites investors and the general public to listen to a webcast of a presentation by Don Allan, Executive Vice President and CFO, at the 2020 UBS Global Industrials and Transportation Virtual Conference on Wednesday, June 3, 2020 at 1:20 PM ET. The live webcast will be available in the "Investors" section of the company's website at www.stanleyblackanddecker.com. A replay of the webcast will be provided on the website and will be available for 30 days.

Stanley Black & Decker (SWK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Coronavirus Dims Manufacturing Tools Stocks' Near-Term Outlook

Stanley Black & Decker (SWK) delivered earnings and revenue surprises of 6.19% and -4.58%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?