Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, December 23, 2016

Article Excerpt

PLEASE NOTE: This is our last Hotline for 2016. Our next Hotline will go out on Friday, January 6, 2017. STANLEY BLACK & DECKER INC., $116.69, New York symbol SWK, is one of the world’s largest makers of tools for consumers. It also manufactures specialized tools for auto mechanics and construction firms. This week, Stanley agreed to sell most of its security door and lock business to Switzerland-based Dormakaba Holding AG. The company will hang on to certain operations such as its commercial electronic security and automatic door business. Through the sale, Stanley will receive $725 million. That’s 2.1% more than the $709.8 million, or $4.81 a share, it earned in the first nine months of 2016. The company expects to complete the sale in the first quarter of 2017. The cash will help Stanley fund its recent deal to buy the hand-tool operations of NEWELL BRANDS INC., $45.39, New York symbol NWL. The company will pay $1.95 billion for these businesses when…