Stanley Black & Decker (SWK) had several major announcements. The company announced both its 1st and 3rd Quarter 2024 Dividend along with a significant decrease in debt by $1.1B. Revenue targets were missed in Q3, resulting in a stock slump, and a mix of financial results resulted in a 4.4% drop post last earnings. The company's Q4 sales beat estimates, despite the disappointing Q3 performance. SWK also hosted "Hosting for the Holidays" interactive product guide which underlines the company's innovative drive. A strategic update was provided during their Capital Markets Day, and the company has scheduled their future conferences. Mizuho upgraded Stanley Black & Decker citing the market bottom and valuation, while Morgan Stanley adjusted SWK price target to $102 from $93. Moving towards the legal front, Stanley Black & Decker moved against the Stanley cup maker over trademarks. Despite ongoing tariff concerns, analysts are predicting upsides for SWK. The company's CFO also hinted at a potential sale of their Aerospace unit.
Stanley Black Decker SWK News Analytics from Thu, 02 May 2024 07:00:00 GMT to Thu, 20 Feb 2025 16:51:26 GMT - Rating 5 - Innovation 7 - Information 8 - Rumor -3
