Stanley Black & Decker Inc. ($SWK) Stock Forecast: Up 8.7% Today

What is Stanley Black & Decker Inc.?

Stanley Black & Decker (SWK) is a manufacturing company listed on the NYSE. The company specializes in tools and industrial products.

Why is Stanley Black & Decker Inc. going up?

SWK stock is up 8.7% on Jul 30, 2024 18:41

• SWK stock witnessed a significant rise today, increasing by 7.8% in the morning session following a strong quarterly performance.
• The company surpassed analysts' earnings per share (EPS) estimates and raised its full-year EPS guidance, which boosted investor morale.
• Despite some concerns about mixed demand trends in the latter part of the year, the impressive quarterly results and upbeat forecast propelled the stock's upward movement.
• The market responded favorably to the earnings outperformance and revenue results, indicating investor confidence in Stanley Black & Decker's growth prospects.

SWK Price Chart

SWK News

We''re raising our Stanley Black & Decker price target on the stock''s earnings rally

The evolving turnaround plans are setting the tool company up for profitable growth as the economic backdrop improves and interest rates come back down.

https://www.cnbc.com/2024/07/30/were-raising-stanley-black-decker-swk-price-target-on-earnings-rally.html

Why Are Stanley Black & Decker (SWK) Shares Soaring Today

Shares of manufacturing company Stanley Black & Decker (NYSE:SWK) jumped 7.8% in the morning session after the company reported a "beat and raise" quarter. Stanley Black & Decker blew past analysts'' EPS expectations this quarter. Its organic revenue also topped Wall Street''s estimates. Lastly, the company raised full-year EPS guidance, which is icing on the cake. However, the company provided cautious comments heading into the second half of the year, adding, "As we look to the back half of 2024, we expect mixed demand trends across our markets." Overall, we think this was a really good quarter that should please shareholders.

https://stockstory.org/nyse/swk/why-it-moves-single/why-are-stanley-black-and-decker-swk-shares-soaring-today

Stanley Black's ( SWK ) Q2 Earnings Beat, Revenues Down Y/Y

Weakness in the Industrial segment weighs on Stanley Black's (SWK) top line in the second quarter of 2024.

https://www.zacks.com/stock/news/2312247/stanley-blacks-swk-q2-earnings-beat-revenues-down-yy

SWK Stock Earnings: Stanley Black & Decker Beats EPS, Beats Revenue for Q2 2024

Stanley Black & Decker (NYSE:SWK) just reported results for the second quarter of 2024. Stanley Black & Decker reported earnings per share of $1.09. This was above the analyst estimate for EPS of 84 cents. The company reported revenue of $4.02 billion. This was 0.10% better than the analyst estimate for revenue of $4.02 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

https://investorplace.com/earning-results/2024/07/swk-stock-earnings-stanley-black-decker-for-q2-of-2024/

PayPal Posts Upbeat Earnings, Joins Sprouts Farmers Market, Stanley Black & Decker, Phillips 66 And Other Big Stocks Moving Higher On Tuesday

Full story available on Benzinga.com

https://www.benzinga.com/news/24/07/40041875/paypal-posts-upbeat-earnings-joins-sprouts-farmers-market-stanley-black-decker-phillips-66-and-other

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Stanley Black & Decker Inc. Price History

03.10.2023 - SWK Stock was up 5.7%

• Today, SWK experienced a strong bullish movement, and here's what might have caused it:
• 1. Upgraded to "Hold": The upgrade to "Hold" by StockNews.com could have instilled confidence in investors, indicating that the stock is expected to perform steadily in the near term.
• 2. Positive Quarter: The company's recent quarter results, which showed signs of a turnaround, may have contributed to the bullish movement. Wall Street's agreement on the positive performance further supported the market sentiment.
• 3. Mixed Shelf Offering: The filing for a mixed shelf offering might have been perceived as a positive move by investors, as it provides flexibility for future financing options and potential growth opportunities.
• 4. Weakness in Tools & Outdoor Unit: Despite weakness in the Tools & Outdoor unit due to lower consumer demand, the market movement remained bullish. This suggests that investors focused more on the overall positive aspects of the company's performance rather than short-term challenges.
• In summary, the bullish movement in SWK today could be attributed to the upgrade, positive quarter results, mixed shelf offering, and investors' optimism regarding the company's turnaround.

12.05.2024 - SWK Stock was up 8.2%

• The positive movement in SWK may be linked to optimistic views in the housing market, as discussed in sources highlighting the impact on housing-related stocks like Stanley Black & Decker and Owens Corning.
• A decline in short interest for SWK suggests reduced negative speculation on the company, potentially reflecting a growing faith in its performance and future outlook.
• SWK being listed among the top home improvement stocks to invest in by hedge funds could have spurred increased investor interest and buying activity, propelling the stock price upwards.

10.03.2024 - SWK Stock was down 5.0%

• Despite its history of outperforming earnings expectations, SWK experienced a downward trend in the market today.
• There is speculation that investors had set high hopes for SWK's earnings results, resulting in their disappointment when the actual numbers were revealed.
• The market downturn could be attributed to profit-taking by investors who had previously invested in SWK anticipating strong earnings.
• External factors such as market conditions or industry-specific developments may have also impacted SWK's bearish performance today.

19.09.2023 - SWK Stock was down 5.1%

• SWK experienced a strong bearish movement today.
• StockNews.com downgraded SWK to a sell rating, which likely contributed to the bearish market movement.
• The downgrade could be due to concerns about the company's financial performance or future prospects.
• Additionally, there was news about a collaboration between Clean Energy Technologies (CETY) and RPG Energy Group to implement an advanced waste heat to power generation solution at a Stanley Black & Decker facility. While this news may have long-term positive implications, it does not seem to have had an immediate impact on the market movement today.

10.09.2023 - SWK Stock was up 5.0%

• The bullish movement in SWK stock today could be attributed to the following factors:
• 1. Positive sentiment in the industrials sector: The article mentions the opportunity to buy into undervalued companies in the industrials sector. This could have created a positive sentiment around SWK and attracted investors.
• 2. Momentum indicator (RSI): The article mentions the Relative Strength Index (RSI), which compares a stock's strength on days when prices go up to its strength on days when prices go down. If SWK's RSI indicated a strong momentum, it could have contributed to the bullish movement.
• 3. Overall market conditions: It's important to consider the overall market conditions as well. If the broader market was experiencing positive sentiment or if there were any specific factors driving the industrial sector, it could have influenced the bullish movement in SWK stock.

27.09.2023 - SWK Stock was up 8.7%

• The bullish movement in SWK's stock today can be attributed to the following factors:
• 1. Strong Q3 Earnings: Despite a decline in sales, Stanley Black & Decker reported earnings that exceeded expectations, with a surprise of 25%. This positive earnings surprise likely boosted investor confidence and contributed to the bullish movement.
• 2. Beat and Raise: The company's Q3 earnings beat estimates, with adjusted EPS of $1.05/share. Additionally, Stanley Black & Decker raised its outlook, indicating a positive outlook for future performance. This positive news likely attracted investors and drove the stock price higher.
• 3. Market Reaction: The market reacted positively to the earnings beat and raise, causing the stock to soar in the pre-market session. This indicates that investors are optimistic about the company's ability to navigate challenges and deliver strong results.
• 4. Mixed Q3 Results: While there was a decline in net income and sales, the positive aspects of the earnings report, such as the earnings beat and raised outlook, overshadowed the negative aspects. This mixed result may have contributed to the initial volatility in the stock price but ultimately led to a bullish movement.
• Overall, the strong bullish movement in SWK's stock today can be attributed to the company's positive earnings surprise, raised outlook, and investor optimism about its future prospects.

26.06.2024 - SWK Stock was up 5.2%

• SWK stock witnessed a positive movement today.
• The rise in the quarterly dividend to $0.82 per share reflects optimism in the company's growth strategy, potentially boosting investor confidence.
• Anticipation of favorable Q2 2024 earnings, particularly driven by the success in the Engineered Fastening unit, likely supported the upward trend.
• Despite challenges in the Industrial and Tools & Outdoor sectors, the overall optimistic forecast and the potential beat in earnings could have overshadowed any negative aspects, prompting the upward movement in the market.

26.06.2024 - SWK Stock was up 6.8%

• SWK stock experienced a bullish movement today following the announcement of a quarterly dividend increase to $0.82 per share. This move signals confidence in the company's transformation and growth strategy.
• The anticipation of strong earnings growth, as indicated by the favorable combination of key factors, likely contributed to the positive investor sentiment towards SWK stock.
• The dividend raise and positive earnings outlook have instilled optimism among shareholders, leading to increased buying interest and driving the stock price higher.
• Overall, the market's bullish response to Stanley Black & Decker's recent developments reflects investor confidence in the company's future prospects and financial performance.

30.06.2024 - SWK Stock was up 8.8%

• SWK stock demonstrated a bullish trend today after unveiling its Q2 earnings.
• Despite a 3.3% decrease in sales, the company outperformed analyst expectations, showcasing its resilience in a competitive market landscape.
• The improvement in non-GAAP profits from the same period last year, along with the positive surprises in earnings and revenue for Q2, indicate a strong performance and potential growth opportunities for SWK.
• Investors seem to be responding positively to the company's adept navigation of economic uncertainties, as it continues to deliver results that exceed predictions, establishing SWK as an attractive investment choice within the industrial tools sector.

30.06.2024 - SWK Stock was up 7.8%

• SWK stock saw a significant increase following the disclosure of its Q2 2024 earnings.
• The company exceeded analyst expectations, reporting earnings per share of $1.09, higher than the estimated 84 cents, and revenue of $4.02 billion, slightly surpassing the projected $4.02 billion.
• The favorable earnings outcomes and the company's ability to outperform revenue forecasts contributed to the upward trend in SWK stock.
• Investors responded positively to the announcement, pushing the stock price up as they recognized Stanley Black & Decker's strong performance amidst a challenging market climate.

30.06.2024 - SWK Stock was up 8.7%

• SWK stock witnessed a significant rise today, increasing by 7.8% in the morning session following a strong quarterly performance.
• The company surpassed analysts' earnings per share (EPS) estimates and raised its full-year EPS guidance, which boosted investor morale.
• Despite some concerns about mixed demand trends in the latter part of the year, the impressive quarterly results and upbeat forecast propelled the stock's upward movement.
• The market responded favorably to the earnings outperformance and revenue results, indicating investor confidence in Stanley Black & Decker's growth prospects.