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

Stanley Black & Decker (NYSE:SWK) 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 -.

Stanley Black & Decker Stock Performance

NYSE SWK opened at $102.92 on Tuesday. Stanley Black & Decker has a 52-week low of $77.70 and a 52-week high of $110.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.27. The company has a market capitalization of $15.85 billion, a P/E ratio of -53.05, a P/E/G ratio of 2.71 and a beta of 1.24. The company has a fifty day moving average of $103.68 and a 200-day moving average of $93.74.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.25. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same period in the previous year, the firm posted ($0.11) EPS. The firm’s revenue was down 3.2% compared to the same quarter last year. As a group, equities research analysts predict that Stanley Black & Decker will post 4.18 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker’s payout ratio is presently -169.07%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SWK shares. JPMorgan Chase & Co. lifted their target price on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research report on Monday, August 5th. UBS Group lifted their target price on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley started coverage on shares of Stanley Black & Decker in a research report on Friday, September 6th. They issued an “equal weight” rating and a $107.00 target price on the stock. Robert W. Baird boosted their price objective 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. Finally, StockNews.com upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Stanley Black & Decker has a consensus rating of “Hold” and an average target price of $104.43.

Insiders Place Their Bets

In other news, SVP Janet Link sold 13,520 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $103.91, for a total value of $1,404,863.20. Following the completion of the transaction, the senior vice president now owns 31,960 shares of the company’s stock, valued at approximately $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 is accessible through the SEC website. 0.60% of the stock is currently owned by company insiders.

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.