Stanley Black & Decker (NYSE:SWK) Updates FY 2024 Earnings Guidance

Stanley Black & Decker (NYSE:SWK - Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 3.900-4.300 for the period, compared to the consensus estimate of 4.200. The company issued revenue guidance of -.

Analyst Ratings Changes

SWK has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price target on shares of Stanley Black & Decker from $94.00 to $104.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. The Goldman Sachs Group upped their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. JPMorgan Chase & Co. lifted their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an "underweight" rating in a research note on Monday, August 5th. Morgan Stanley initiated coverage on Stanley Black & Decker in a research note on Friday, September 6th. They set an "equal weight" rating and a $107.00 target price for the company. Finally, StockNews.com raised Stanley Black & Decker from a "hold" rating to a "buy" rating in a research report on Monday. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $104.43.

Stanley Black & Decker Stock Performance

SWK traded down $9.03 during trading on Tuesday, reaching $93.89. 6,709,351 shares of the company's stock were exchanged, compared to its average volume of 1,404,572. The business has a 50 day moving average price of $103.68 and a 200 day moving average price of $93.74. The company has a market capitalization of $14.46 billion, a P/E ratio of -46.93, a PEG ratio of 2.71 and a beta of 1.24. Stanley Black & Decker has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The company has a quick ratio of 0.42, a current ratio of 1.27 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.25. The company had revenue of $4.02 billion during the quarter, compared to analysts' expectations of $4.02 billion. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The business's revenue was down 3.2% on a year-over-year basis. During the same period last year, the business earned ($0.11) earnings per share. As a group, analysts predict that Stanley Black & Decker will post 4.18 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker's payout ratio is currently -169.07%.

Insider Buying and Selling at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the sale, the senior vice president now owns 31,960 shares of the company's stock, valued at $3,320,963.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.60% of the company's stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.