Stanley Black & Decker (SB&D, SWK) appears to be at the focus of mixed sentiments among investors and analysts. While hedge fund sentiment seems to largely be bullish, there have been mentions of underperformance compared to the market. In the first half of 2024, the company's shares slumped by 19%, however, in July, the stock soared by 32%. The retirement system of the state of Kentucky has sold its SWK shares. Despite some qualms about mediocre investments, on a more positive note, SWK has had successful earnings in Q2, beating estimates; a factor likely contributing to its popularity as a dividend aristocrat. Emerging from a slump, there have been indications that the company may have found its bottom. The stock has hit a new 12-month high after an analyst upgrade, and the CEO has indicated potential sale of more units in the future. Moreover, the appointment of
Deborah K. Wintner as the new Chief Human Resources Officer has been announced. There have been some criticisms about SB&D facing a need for fixes to meet its 2025 business direction, but despite the challenges, the company has reported in line with expectations for Q2 and announced its Q3 2024 dividend.
Stanley Black Decker SWK News Analytics from Fri, 15 Dec 2023 08:00:00 GMT to Sun, 11 Aug 2024 09:46:02 GMT -
Rating 7
- Innovation 3
- Information 5
- Rumor -2
