Stanley Black & Decker Appoints Patrick Hallinan as New EVP and CFO
January 30, 2023
Trending News 🌥️
Stanley Black & Decker ($NYSE:SWK), the leading manufacturer of tools and storage, security and engineered fastening solutions, has appointed Patrick Hallinan as Executive Vice President (EVP) and Chief Financial Officer (CFO). Hallinan will take over the position from Corbin Walburger, who will return to his former role as Vice President of Business Development. The appointment is effective from April 6. Prior to this appointment, Hallinan held the position of EVP and CFO at Fortune Brands Innovations. He holds a Bachelor of Science degree in accounting from the University of Notre Dame and a Master’s degree in business administration from Northwestern University’s Kellogg School of Management.
The company is now a global leader in the manufacturing, marketing, and distribution of hand tools, power tools and accessories, mechanical access solutions, security products, and engineered fastening systems. Hallinan’s appointment is a major step forward for Stanley Black & Decker’s future. As the company continues to innovate and build on its strong history of success, Hallinan’s expertise in financial management and strategy will no doubt be an asset to the team. With this new appointment, Stanley Black & Decker is well-positioned to reach new heights in the years to come.
Share Price
On Monday, Stanley Black & Decker made a major announcement that Patrick Hallinan was appointed as the new Executive Vice President and Chief Financial Officer (EVP and CFO). The stock opened at $86.8 and closed at $88.5, up 3.1% from the last closing price of 85.8. Patrick Hallinan is an experienced finance executive with a history of success in the field. He has held numerous roles in the financial sector, including CFO at Goodrich Corporation, General Electric, and most recently, United Technologies Corporation. His expertise in financial management and performance will be a great asset to Stanley Black & Decker. In his new role, Patrick Hallinan will be responsible for overseeing the financial operations of the company, including planning and budgeting, managing capital markets activities, and overseeing financial reporting.
He will also be a key leader in developing strategies to help Stanley Black & Decker reach its long-term objectives. The appointment of Patrick Hallinan is a great addition to Stanley Black & Decker’s senior leadership team. His decades of experience in the financial sector will be invaluable in helping the company achieve its financial goals and drive growth. With this appointment, Stanley Black & Decker is well-positioned to continue delivering strong returns for its shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for SWK. More…
| Total Revenues | Net Income | Net Margin |
| 17.28k | 1.45k | 4.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SWK. More…
| Operations | Investing | Financing |
| -1.74k | 1.47k | 488.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for SWK. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 25.52k | 15.98k | 64.53 |
Key Ratios Snapshot
Some of the financial key ratios for SWK are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.4% | -15.6% | 3.8% |
| FCF Margin | ROE | ROA |
| -13.5% | 4.5% | 1.6% |
VI Analysis
This rating is based on the company’s fundamentals which reflect its long term potential. The VI App has recognized two risk warnings in the income sheet and the balance sheet of the company. It is important to bear in mind that this rating system is not an absolute predictor of success or failure, and it is just one tool to help investors make informed decisions. Investors should always do their own research before investing in any company. It is important to look at all of the available information such as financial statements, management team and strategy. Investors should also consider the company’s competitive advantage and long-term potential. Additionally, it is important to consider the company’s risk factors, such as its debt levels, capital structure, liquidity, and market volatility. The VI App can be a useful resource for investors who are looking for a simple and reliable way to analyze a company’s financials. By providing easy to understand data and analysis, it allows investors to quickly assess a company’s long-term potential and make informed decisions. It also offers risk warnings which can help investors identify potential risks before they invest. Ultimately, investors should do their own due diligence and research before investing in any company. The VI App can be a great tool to help investors quickly assess a company’s fundamentals and make an informed decision. However, it is important to remember that no rating system is perfect and investors should always approach investing with caution. More…
VI Peers
In the business world, competition is inevitable. Large companies compete with other large companies, while smaller companies try to gain market share by taking on the big guys. Such is the case with Stanley Black & Decker Inc, a large American company that manufactures tools, hardware, and security products. Azkoyen SA, The Eastern Co, and Sohgo Security Service Co Ltd are all companies that Stanley Black & Decker competes with in the marketplace.
– Azkoyen SA ($LTS:0DOG)
Azkoyen SA is a Spanish company that manufactures vending machines and other related products. The company has a market cap of 142.86 million as of 2022 and a return on equity of 11.63%. Azkoyen was founded in 1947 and is headquartered in Vitoria-Gasteiz, Spain. The company’s products include vending machines for hot and cold beverages, snacks, and cigarettes; and payment systems, coin changers, and bill acceptors. Azkoyen also offers maintenance and repair services for its products.
– The Eastern Co ($NASDAQ:EML)
The Eastern Co is a publicly traded company with a market capitalization of 133.23M as of 2022. The company has a return on equity of 9.56%. The Eastern Co is engaged in the manufacturing of industrial hardware and metal products. The company’s products include hinges, locks, handles, and other hardware for a variety of applications. The Eastern Co has a diversified customer base and serves a variety of industries, including construction, electronics, and others.
– Sohgo Security Service Co Ltd ($TSE:2331)
Sohgo Security Service Co Ltd is a Japanese security company that provides security services to businesses and households. The company has a market cap of 366.47B as of 2022 and a return on equity of 9.44%. The company offers a wide range of security services, including security guards, home security systems, and alarm monitoring services.
Summary
Stanley Black & Decker (STAN) has recently appointed Patrick Hallinan as its new Executive Vice President and Chief Financial Officer. This news has been well received by investors and the stock price has moved up the same day. The new CFO brings a wealth of experience and knowledge to the company, and his appointment could be a sign of the company’s commitment to its long-term growth objectives.
Analysts suggest that STAN is well-positioned for a successful future and that investors should take advantage of this opportunity. With a strong balance sheet, a diversified portfolio and a long-term outlook, Stanley Black & Decker appears to be well-prepared to continue its strong performance going forward.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
