Stanley Black & Decker Inc. (NYSE:SWK) saw a downside of -0.21% to close Tuesday at $89.46 after subtracting -$0.19 on the day. The 5-day average trading volume is 1,449,380 shares of the company’s common stock. It has gained $93.32 in the past week and touched a new high 1 time within the past 5 days. An average of 1,668,030 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,586,728.
SWK’s 1-month performance is -7.23% or -$7.67 on its low of $88.80 reached on 08/21/23. The company’s shares have touched a 52-week low of $70.24 and high of $104.21, with the stock’s rally to the 52-week high happening on 08/01/23. YTD, SWK has achieved 19.09% or $14.34 and has reached a new high 18 times. However, the current price is down -14.15% from the 52-week high price.
Insider Transactions
SWK stock investors last saw insider trading activity on Aug 07.Link Janet (SVP, General Counsel & Sec’y) most recently sold 3,081 shares at $98.76 per share on Aug 07. This transaction cost the insider $304,280. SVP, General Counsel & Sec’y, Link Janet, sold 2,581 shares at a price of $85.73 on Feb 28. Then, on Nov 10, Interim CFO Walburger Corbin sold 5,248 shares at a price of $80.80 per share. This transaction amounted to $424,044.
Valuation Metrics
SWK stock has a beta of 1.37. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.84 while the price-to-book (PB) in the most recent quarter is 1.40.
Stanley Black & Decker Inc.’s quick ratio for the period ended June 29 was 0.40, with the current ratio over the same period at 1.30. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.64, while the total debt to equity was 0.83.. In terms of profitability, the gross margin trailing 12 months is 22.80%. The trailing 12-month EBITDA margin is 8.77% while for the period ending June 29, Stanley Black & Decker Inc.’s operating margin was -0.30%. The firm’s gross profit as reported stood at $4.28 billion against revenue of $16.95 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 55.59% to $177.0 million, while revenue of -$187.8 million was 206.1% off the previous quarter. Analysts expected SWK to announce -$0.37 per share in earnings in its latest quarter, but it posted -$0.11, representing a 70.30% surprise. EBITDA for the quarter stood at more than $188.0 million. SWK stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 15.4 billion, with total debt at $8.4 billion. Shareholders hold equity totaling $153.23 million.
Let’s look briefly at Stanley Black & Decker Inc. (SWK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 23.01% to suggest the stock is trending oversold, with historical volatility in this time period at 10.48%.
The stock’s 5-day moving average is $89.95, reflecting a -3.83% or -$3.56 change from its current price. SWK is currently trading -7.14% above its 20-day SMA, +14.82% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +5.74% and SMA200 by+22.08%.
Stochastic %K and %D was 5.22% and 3.73% and the average true range (ATR) pointed at 2.36. The RSI (14) points at 33.51%, while the 14-day stochastic is at 5.37% with the period’s ATR at 2.43. The stock’s 9-day MACD Oscillator is pointing at -2.22 and -4.47 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Stanley Black & Decker Inc. (NYSE: SWK), Wolfe Research downgraded it to an Underperform rating. They previously had a Peer perform rating on the stock. Analysts offering their rating for SWK stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate SWK as a “sell,”, while 15 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 1 have offered a “buy” rating.
What is SWK’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $90.00 and a high of $120.00, with their median price target at $99.05. Looking at these predictions, the average price target given by analysts is for Stanley Black & Decker Inc. (SWK) stock is $99.36.
