Updating Stanley Black & Decker Inc., T. Rowe Price Group Inc., and AT&T Inc.

Article Excerpt

STANLEY BLACK & DECKER INC. $160 (www.stanleyblackanddecker.com) is one of the world’s largest makers of hand and power tools for consumers. The company will buy the industrial business of Nelson Fastener Systems, which makes nuts, bolts and related products. Stanley will pay $440 million for that operation when it completes the purchase in the next few weeks. Nelson will add roughly $200 million to its annual revenue. To put those amounts in context, Stanley earned $1.1 billion in 2017. That’s up 17.6% from $965.3 million in 2016. Due to more shares outstanding, earnings per share rose 14.4%, to $7.45 from $6.51. Sales gained 11.7%, to $12.7 billion from $11.4 billion. Buy. T. ROWE PRICE GROUP INC. $110 (www.troweprice.com) sells mutual funds and wealth management services. As of January 31, 2018, The company had $1.05 billion in assets under management. That’s up 5.7% from $991 million at December 31, 2017. Fee income rises and falls with the value of the mutual…