Stanley Black & Decker Inc. (NYSE:SWK) currently has a daily average trading volume of 1.66M but it saw 1093921 shares traded on Wednesday. With a market cap of 12.37B USD, stock’s current market price of $79.29 came falling about -2.51 while comparing to the previous closing price of $81.33. In past 52 weeks, the stock remained buoying in the range of price level as high as $122.00 and as low as $70.24. In the recent trading on the day, stock has struck highest price mark of $81.15 while lowest mark touched by it was $78.91.
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Taking a look at 20-day trading activity of Stanley Black & Decker Inc. (SWK) gives us an average price of $82.61, while its current price level is -35.01% below from 52-week high level whereas it is 12.88% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $79.95 while that of 200 days or SMA-200 reads an average of $82.57. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.95% during that period while stretching the period over a month that increases to 3.34%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 43.87 which implies that the stock is in neutral territory.
Stanley Black & Decker Inc. (SWK)’s stock is currently under the radar of 17 analysts who are in consensus at a 12-month price target range of between $76.00 and $110.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $76.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $110.00. Average price target assigned by them is $92.00 which highlights an upside potential of 13.82% for the stock over that period. And to attain the median price target of $90.00 assigned by those analysts, stock has to add about 11.9% of value to its current levels.
Data by FactSet Research shows that 17 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 1 are advising it as an Overweight. 1 analysts suggested the investors to Buy the stock while 15 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, SWK’s stock price is moving -3.03% down while it is 2.10% when we observe its performance for the past one month. Year-to-date it is 5.55% up and over the past year, the stock is showing a downside performance of -32.65%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.41 beat the consensus estimate of -$0.73 for the same. The company is expected to be releasing its next quarterly report in 07/25/2023, for which analysts forecasted an EPS of -$0.39 while estimate for next year EPS is $0.97. For SWK, analysts are forecasting an EPS-growth rate of -79.00% for current year and estimate for EPS growth in next year is 413.40%. In next quarter, company is expected to be making quarterly sales of $4.04 billion as analysts are expecting the sales for current fiscal year at $16.15 billion and seeing the company making $16.85 billion in sales next year. Moreover, analysts are in estimates of $4.14 billion for current-quarter revenue.
Currently, Stanley Black & Decker Inc.’s total number of outstanding shares is 149.57M with 0.47% of that held by the insiders while 92.19% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 2.60% and return on equity (ROE) at 7.60%. It has a 15.97 of forward P/E ratio. Stock’s beta reads 1.30. Stock has a price to book (P/B) ratio of 1.25 while price to sale or P/S ratio amounts to 0.75. Its return on asset (ROA) is 2.60% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Total Stock Market ETF came shrinking its share ownership by 0.45% in the Stanley Black & Decker Inc. (SWK) increasing its stake to 3.00% with control over 20574.0 shares in the company. As per SEC documents, Vanguard Total Stock Market ETF shunned 4,595,769 of company’s common stock of worth $396.8 million as per recent closing price of the stock. Vanguard Total Stock Market ETF is not the only institutional holder which restructured its stake in Stanley Black & Decker Inc., as SPDR S&P Dividend ETF dumped 3,852,688 shares of worth $332.64 million to bring its holdings to a total of 3174.0 shares. In the most recent quarter, Vanguard 500 Index Fund came rising its stake by 0.54% in the company and now holds 3.48 million or 2.27% of the company’s stake having worth of about 300.08 million.
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