Q2 2024 Earnings Estimate for Stanley Black & Decker, Inc. Issued By Zacks Research (NYSE:SWK)

Stanley Black & Decker, Inc. (NYSE:SWK) – Equities research analysts at Zacks Research increased their Q2 2024 earnings per share (EPS) estimates for Stanley Black & Decker in a research note issued on Tuesday, April 23rd. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings of $0.73 per share for the quarter, up from their previous estimate of $0.72. The consensus estimate for Stanley Black & Decker’s current full-year earnings is $4.13 per share. Zacks Research also issued estimates for Stanley Black & Decker’s FY2024 earnings at $3.83 EPS, Q4 2025 earnings at $1.88 EPS and FY2025 earnings at $5.28 EPS.

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

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

Stanley Black & Decker Price Performance

NYSE:SWK opened at $89.72 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 1.19. The stock’s 50-day simple moving average is $91.54 and its 200 day simple moving average is $91.03. The company has a market cap of $13.80 billion, a P/E ratio of -43.13, a P/E/G ratio of 2.43 and a beta of 1.34. Stanley Black & Decker has a 52-week low of $73.87 and a 52-week high of $104.21.

Institutional Investors Weigh In On Stanley Black & Decker

Several institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its stake in Stanley Black & Decker by 1.7% during 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 holdings in shares of Stanley Black & Decker by 13.8% during 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 buying an additional 277,507 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of 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 worth $161,662,000 after buying an additional 22,933 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of 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 worth $127,697,000 after buying an additional 20,792 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of 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 worth $124,996,000 after buying an additional 66,536 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 3.61%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently -155.77%.

Stanley Black & Decker Company Profile

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.