Zacks Research Comments on Stanley Black & Decker, Inc.'s Q1 2024 Earnings (NYSE:SWK)

Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) - Equities research analysts at Zacks Research boosted their Q1 2024 earnings per share estimates for shares of Stanley Black & Decker in a research note issued on Tuesday, April 23rd. Zacks Research analyst R. Department now anticipates that the industrial products company will earn $0.53 per share for the quarter, up from their previous 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 brokerages also recently issued reports on SWK. Barclays upped their price target on Stanley Black & Decker from $105.00 to $107.00 and gave the company an "overweight" rating in a report on Tuesday, April 2nd. Wells Fargo & Company reduced their price target on shares of Stanley Black & Decker from $105.00 to $95.00 and set an "equal weight" rating for the company in a research note on Friday, February 2nd. Robert W. Baird dropped their target price 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. Finally, JPMorgan Chase & Co. decreased their target price on shares of Stanley Black & Decker from $89.00 to $80.00 and set an "underweight" rating for the company in a research note on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $98.11.

Stanley Black & Decker Stock Down 0.5 %

Shares of SWK traded down $0.47 on Wednesday, hitting $90.27. 1,282,525 shares of the stock traded hands, compared to its average volume of 1,284,536. The business has a 50 day simple moving average of $91.50 and a 200 day simple moving average of $90.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 1.19. Stanley Black & Decker has a one year low of $73.87 and a one year high of $104.21. The company has a market capitalization of $13.88 billion, a PE ratio of -43.63, a P/E/G ratio of 2.41 and a beta of 1.34.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.19. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate 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 revenue was down 6.3% on a year-over-year basis. During the same period last year, the company earned ($0.10) earnings per share.

Stanley Black & Decker Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in Stanley Black & Decker during the 4th quarter worth approximately $133,952,000. International Assets Investment Management LLC boosted its holdings in Stanley Black & Decker by 9,029.0% in the 4th quarter. International Assets Investment Management LLC now owns 421,304 shares of the industrial products company's stock worth $41,330,000 after buying an additional 416,689 shares during the period. Kodai Capital Management LP bought a new stake in Stanley Black & Decker during the fourth quarter valued at about $32,679,000. Price T Rowe Associates Inc. MD lifted its position in shares of 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 valued at $1,683,389,000 after acquiring an additional 279,866 shares in the last quarter. Finally, Clean Energy Transition LLP boosted its stake in shares of 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 acquiring an additional 277,507 shares during the period. Institutional investors own 87.77% of the company's stock.

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.