Parker-Hannifin Corporation or Stanley Black & Decker, Inc.: Who Invests More in Innovation?

Parker-Hannifin vs. Stanley Black & Decker: R&D Investment Battle

__timestampParker-Hannifin CorporationStanley Black & Decker, Inc.
Wednesday, January 1, 2014410132000174600000
Thursday, January 1, 2015403085000188000000
Friday, January 1, 2016359796000204400000
Sunday, January 1, 2017336675000252300000
Monday, January 1, 2018327877000275800000
Tuesday, January 1, 2019294852000240800000
Wednesday, January 1, 2020293837000200000000
Friday, January 1, 2021259039000276300000
Saturday, January 1, 2022191000000357400000
Sunday, January 1, 2023258000000362000000
Monday, January 1, 20242980000000
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Unveiling the hidden dimensions of data

Innovation Investment: A Tale of Two Giants

In the competitive landscape of industrial innovation, Parker-Hannifin Corporation and Stanley Black & Decker, Inc. have been pivotal players. Over the past decade, Parker-Hannifin has consistently outpaced Stanley Black & Decker in research and development (R&D) spending, with a peak investment in 2014 that was over 130% higher than its competitor. However, the trend shifted dramatically by 2022, when Stanley Black & Decker's R&D expenses surged, surpassing Parker-Hannifin by nearly 87%.

This shift highlights a strategic pivot by Stanley Black & Decker, emphasizing their commitment to innovation. The data from 2023 further cements this trend, with Stanley Black & Decker maintaining its lead. Notably, the absence of data for 2024 for Stanley Black & Decker suggests a potential gap in reporting or a strategic pause. As these industrial titans continue to innovate, their R&D investments will be crucial in shaping their future trajectories.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025