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

Stanley Black & Decker, Inc. (NYSE:SWK) – Zacks Research increased their Q2 2024 earnings estimates for shares of Stanley Black & Decker in a note issued to investors on Tuesday, April 23rd. Zacks Research analyst R. Department now anticipates that the industrial products company will post earnings per share of $0.73 for the quarter, up from their previous estimate of $0.72. The consensus estimate for Stanley Black & Decker’s current full-year earnings is $4.12 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.

SWK has been the topic of a number of other reports. JPMorgan Chase & Co. lowered 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 lowered 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 lifted their price objective on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, Robert W. Baird lowered their price objective 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 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $98.11.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $90.27 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 company has a market capitalization of $13.88 billion, a P/E ratio of -43.40, a price-to-earnings-growth ratio of 2.45 and a beta of 1.34. The company’s 50 day moving average price is $91.53 and its two-hundred day moving average price is $90.97. Stanley Black & Decker has a 52 week low of $73.87 and a 52 week high of $104.21.

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

Stanley Black & Decker Announces Dividend

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

Hedge Funds Weigh In On Stanley Black & Decker

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its position 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 period. Clean Energy Transition LLP boosted its position in 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 purchasing an additional 277,507 shares during the period. Federated Hermes Inc. boosted 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 worth $161,662,000 after purchasing an additional 22,933 shares during the period. Fort Washington Investment Advisors Inc. OH boosted 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 worth $127,697,000 after purchasing an additional 20,792 shares during the period. Finally, Northern Trust Corp boosted 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 worth $124,996,000 after purchasing an additional 66,536 shares during the period. 87.77% of the stock is owned by institutional investors.

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.