Stanley Black & Decker shares were up in trading following the company's unveiling of its guidance for fiscal 2014. The power tools specialist is projecting that its EPS for the year will be $5.30 to $5.50 per share, on organic growth of roughly 4% on a year-over-year basis.The former is in line with the average analyst estimate of $5.40 per share.

In the press release detailing the figures, the company said it believes growth will come from the investments it has made this year, combined with the results of a recent spate of cost-cutting measures.

In presenting the 2014 projections, Stanley Black & Decker also reaffirmed its existing fiscal 2013 estimates. The firm still anticipates that it will post EPS of $4.90 to $5.00 for the year, on organic growth of 3% over 2012  The average analyst EPS estimate is $4.94.


In the wake of the new guidance, the company's stock advanced by 1.5%, or $1.20, to close the day at $80.55 per share.

The article Stanley Black & Decker Issues Fiscal 2014 Guidance originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Stanley Black & Decker. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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