Q1 2024 EPS Estimates for Stanley Black & Decker, Inc. (NYSE:SWK) Lifted by Zacks Research

Stanley Black & Decker, Inc. (NYSE:SWK) – Equities researchers at Zacks Research increased their Q1 2024 earnings estimates for Stanley Black & Decker in a research report issued to clients and investors on Tuesday, April 23rd. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings of $0.53 per share for the quarter, up from their prior forecast of $0.52. The consensus estimate for Stanley Black & Decker’s current full-year earnings is $4.12 per share. Zacks Research also issued estimates for Stanley Black & Decker’s FY2026 earnings at $5.97 EPS.

A number of other research firms also recently issued reports on SWK. JPMorgan Chase & Co. dropped their price objective on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, February 6th. Wells Fargo & Company dropped their price objective on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, February 2nd. Barclays raised their price objective on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, Robert W. Baird lowered their price target on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Stanley Black & Decker has a consensus rating of “Hold” and a consensus price target of $98.11.

Stanley Black & Decker Stock Performance

SWK opened at $90.27 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. The company has a market cap of $13.88 billion, a price-to-earnings ratio of -43.40, a PEG ratio of 2.41 and a beta of 1.34. The company’s 50 day moving average is $91.53 and its 200 day moving average is $90.97. Stanley Black & Decker has a 12-month low of $73.87 and a 12-month high of $104.21.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.19. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same period in the previous year, the business posted ($0.10) earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis.

Institutional Investors Weigh In On Stanley Black & Decker

Several large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its position in Stanley Black & Decker by 1.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,159,917 shares of the industrial products company’s stock worth $1,683,389,000 after purchasing an additional 279,866 shares during the last quarter. Clean Energy Transition LLP increased its position in Stanley Black & Decker by 13.8% in the third quarter. Clean Energy Transition LLP now owns 2,292,331 shares of the industrial products company’s stock worth $191,593,000 after purchasing an additional 277,507 shares during the last quarter. Federated Hermes Inc. increased its position in Stanley Black & Decker by 1.4% during the fourth quarter. Federated Hermes Inc. now owns 1,647,932 shares of the industrial products company’s stock valued at $161,662,000 after acquiring an additional 22,933 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in Stanley Black & Decker by 1.4% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,527,842 shares of the industrial products company’s stock valued at $127,697,000 after acquiring an additional 20,792 shares during the last quarter. Finally, Northern Trust Corp increased its position in Stanley Black & Decker by 4.7% during the third quarter. Northern Trust Corp now owns 1,495,531 shares of the industrial products company’s stock valued at $124,996,000 after acquiring an additional 66,536 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 3.59%. The ex-dividend date was Thursday, March 7th. Stanley Black & Decker’s payout ratio is currently -155.77%.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.