Stanley Black & Decker Inc. (NYSE:SWK) has a beta value of 1.41 and has seen 0.89 million shares traded in the last trading session. The company, currently valued at $31.47B, closed the last trade at $191.10 per share which meant it lost -$1.99 on the day or -1.03% during that session. The SWK stock price is -17.74% off its 52-week high price of $225.00 and 20.36% above the 52-week low of $152.19. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.0 million shares traded. The 3-month trading volume is 909.39K shares.
The consensus among analysts is that Stanley Black & Decker Inc. (SWK) is an Overweight stock at the moment, with a recommendation rating of 2.20. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 6 out of 18 have rated it as a Hold, with 11 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $2.57.
Stanley Black & Decker Inc. (NYSE:SWK) trade information
Sporting -1.03% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/03/21 when the SWK stock price touched $191.10 or saw a rise of 2.56%. Year-to-date, Stanley Black & Decker Inc. shares have moved 7.02%, while the 5-day performance has seen it change -1.52%. Over the past 30 days, the shares of Stanley Black & Decker Inc. (NYSE:SWK) have changed -2.62%. Short interest in the company has seen 2.27 million shares shorted with days to cover at 1.84.
Wall Street analysts have a consensus price target for the stock at $243.64, which means that the shares’ value could jump 21.56% from current levels. The projected low price target is $228.00 while the price target rests at a high of $281.00. In that case, then, we find that the current price level is -47.04% off the targeted high while a plunge would see the stock gain -19.31% from current levels.
Stanley Black & Decker Inc. (SWK) estimates and forecasts
Figures show that Stanley Black & Decker Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 2.41% over the past 6 months, with this year growth rate of 28.65%, compared to 39.70% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -11.10% and -13.40% for the next quarter. Revenue growth from the last financial year stood is estimated to be 19.10%.
12 analysts offering their estimates for the company have set an average revenue estimate of $4.28 billion for the current quarter. 12 have an estimated revenue figure of $4.52 billion for the next quarter concluding in Dec 2021. Year-ago sales stood $3.85 billion and $4.41 billion respectively for this quarter and the next, and analysts expect sales will grow by 11.20% for the current quarter and 2.60% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 5.60% over the past 5 years. Earnings growth for 2021 is a modest 22.30% while over the next 5 years, the company’s earnings are expected to increase by 14.40%.
Stanley Black & Decker Inc. is expected to release its next earnings report between October 25 and October 29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 2.80 at a share yield of 1.47%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.78%.
Stanley Black & Decker Inc. (NYSE:SWK)’s Major holders
Insiders own 0.25% of the company shares, while shares held by institutions stand at 90.57% with a share float percentage of 90.80%. Investors are also buoyed by the number of investors in a company, with Stanley Black & Decker Inc. having a total of 1,241 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 12.94 million shares worth more than $2.58 billion. As of Mar 30, 2021, Vanguard Group, Inc. (The) held 8.01% of shares outstanding.
The other major institutional holder is JP Morgan Chase & Company, with the holding of over 12.33 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $2.46 billion and represent 7.63% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and MFS Series Trust I-MFS Value Fund. As of Mar 30, 2021, the former fund manager holds about 2.81% shares in the company for having 4.54 million shares of worth $905.56 million while later fund manager owns 3.64 million shares of worth $636.9 million as of Feb 27, 2021, which makes it owner of about 2.26% of company’s outstanding stock.