Stanley Black & Decker, Inc.’s stock price dips to $84.99, marking a significant 7.52% decrease

Stanley Black & Decker, Inc. (SWK)

84.99 USD -6.91 (-7.52%) Volume: 7.17M

Stanley Black & Decker, Inc.’s stock price stands at 84.99 USD, witnessing a significant decline of -7.52% in this trading session with a high trading volume of 7.17M. The company’s stock performance has been underwhelming this year, with a year-to-date (YTD) percentage change of -13.36%.

Latest developments on Stanley Black & Decker, Inc.

Despite Stanley Black & Decker‘s Q1 earnings and revenues surpassing Wall Street estimates, the stock price took a hit on the market today. The robust industrial tool demand bolstered the company’s profit, but mixed demand warnings led to the dip in share price. However, the company managed to maintain stability amid challenges, aligning with EPS projections. The company’s Q1 sales reached $3.9B, beating EPS and revenue for Q1 2024. The SWK stock outperformed competitors on strong trading day, with shareholders approving key proposals at the annual meeting.

Stanley Black & Decker, Inc. on Smartkarma

Analysts at Baptista Research have been closely monitoring Stanley Black & Decker‘s performance, with a bullish outlook on the company’s future. In their report titled “Stanley Black & Decker: Cost Savings Through Supply Chain Transformation & Other Major Drivers,” the research firm highlights the company’s optimistic financial outlook for 2024. Despite challenges in the market during 2023, Stanley Black & Decker showed strong performance, achieving significant progress in key focus areas such as generating over $850 million in free cash flow and improving adjusted gross margin each quarter.

Furthermore, in another report titled “Stanley Black & Decker Inc.: Navigating a Declining Revenue with Strategic Wins – What’s Next? – Major Drivers,” Baptista Research notes the company’s successful third-quarter results, including an earnings beat and improvements in adjusted gross margin, earnings per share, and free cash flow compared to the previous year. Looking ahead to 2024, Stanley Black & Decker‘s management team remains focused on achieving additional gross margin gains and enhancing margins in uncertain market conditions, as analyzed by the independent analysts at Baptista Research on Smartkarma.

A look at Stanley Black & Decker, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Stanley Black & Decker has a mixed outlook based on the Smartkarma Smart Scores. While the company scores well in areas like dividends and momentum, with a score of 4 for each, it lags behind in growth and resilience, with scores of 2 for both factors. The value score falls in the middle at 3. Overall, the long-term outlook for Stanley Black & Decker seems to be stable, with potential for growth in dividends and momentum.

As a diversified global provider of various tools, security solutions, healthcare products, and more, Stanley Black & Decker has a solid foundation. Despite some lower scores in growth and resilience, the company’s strong performance in dividends and momentum indicates a promising future. Investors may find value in the company’s stable outlook and potential for growth in key areas.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma