Stanley Fixes Its Fortunes

Timely acquisitions and new products helped the tool titan hit a 52-week high on Apr. 11. But some analysts remain dubious

Wall Streeters must think it's tool time. Shares in The Stanley Works (SWK) climbed to a 52-week high of $53.42 on Apr. 11, after trading as much as 22% lower, at $41.41, less than a year earlier. Share prices soon leveled off from their peak, closing the following day at $52.52, down 1.7% from the Apr. 11 high. The New Britain (Conn.)-based company makes a variety of tools and security products, bringing in worldwide revenues of $3.3 billion in 2005.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.