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 per share estimates for Stanley Black & Decker in a research report issued on Tuesday, April 23rd. Zacks Research analyst R. Department now expects that the industrial products company will post earnings per share of $0.73 for the quarter, up from their prior 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.

A number of other brokerages have also recently weighed in on SWK. 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 research note on Tuesday, April 2nd. 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 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 report on Thursday, April 18th. Finally, JPMorgan Chase & Co. lowered their target price on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $98.11.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $90.27 on Thursday. Stanley Black & Decker has a fifty-two week low of $73.87 and a fifty-two week high of $104.21. The firm’s 50-day simple moving average is $91.53 and its 200 day simple moving average is $90.97. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.67. The stock has a market cap of $13.88 billion, a P/E ratio of -43.40, a P/E/G ratio of 2.45 and a beta of 1.34.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (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 analysts’ expectations 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 firm’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period last year, the business posted ($0.10) earnings per share.

Hedge Funds Weigh In On Stanley Black & Decker

A number of institutional investors have recently bought and sold shares of SWK. Simplicity Wealth LLC purchased a new position in Stanley Black & Decker during the 1st quarter valued at about $223,000. Essex Financial Services Inc. lifted its holdings in shares of Stanley Black & Decker by 2.1% during the 1st quarter. Essex Financial Services Inc. now owns 18,046 shares of the industrial products company’s stock valued at $1,767,000 after buying an additional 374 shares during the last quarter. Godsey & Gibb Inc. lifted its holdings in shares of Stanley Black & Decker by 2.8% during the 1st quarter. Godsey & Gibb Inc. now owns 139,460 shares of the industrial products company’s stock valued at $13,657,000 after buying an additional 3,754 shares during the last quarter. Moody Lynn & Lieberson LLC acquired a new stake in shares of Stanley Black & Decker during the 1st quarter valued at about $299,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Stanley Black & Decker by 12.4% during the 1st quarter. Fifth Third Bancorp now owns 8,712 shares of the industrial products company’s stock valued at $853,000 after buying an additional 958 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were paid a $0.81 dividend. 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 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.