Zacks Research Brokers Increase Earnings Estimates for Stanley Black & Decker, Inc. (NYSE:SWK)

Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) - Zacks Research increased their Q2 2024 earnings estimates for shares of Stanley Black & Decker in a report released on Tuesday, April 23rd. Zacks Research analyst R. Department now anticipates 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 $4.12 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.

Other analysts have also recently issued reports about the stock. Barclays boosted 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 reduced their target price 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. Robert W. Baird reduced 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. reduced their target price 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. 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $98.11.

Stanley Black & Decker Trading Down 1.6 %

Shares of NYSE SWK traded down $1.47 during trading on Thursday, hitting $88.80. 2,399,203 shares of the company traded hands, compared to its average volume of 1,298,462. Stanley Black & Decker has a 1 year low of $73.87 and a 1 year high of $104.21. The company has a 50-day moving average price of $91.52 and a 200-day moving average price of $90.96. The firm has a market capitalization of $13.66 billion, a P/E ratio of -42.69, a P/E/G ratio of 2.45 and a beta of 1.34. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.67.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.84 billion. During the same period in the previous year, the company earned ($0.10) EPS. The business's quarterly revenue was down 6.3% compared to the same quarter last year.

Institutional Investors Weigh In On Stanley Black & Decker

A number of institutional investors have recently modified their holdings of the business. M&T Bank Corp grew its position in shares of Stanley Black & Decker by 0.3% during the 4th quarter. M&T Bank Corp now owns 37,763 shares of the industrial products company's stock valued at $3,705,000 after buying an additional 113 shares during the last quarter. Crestwood Advisors Group LLC grew its position in shares of Stanley Black & Decker by 0.6% during the 4th quarter. Crestwood Advisors Group LLC now owns 20,885 shares of the industrial products company's stock valued at $2,049,000 after buying an additional 117 shares during the last quarter. Czech National Bank grew its position in shares of Stanley Black & Decker by 0.5% during the 1st quarter. Czech National Bank now owns 26,975 shares of the industrial products company's stock valued at $2,642,000 after buying an additional 124 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in shares of Stanley Black & Decker by 39.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company's stock valued at $49,000 after buying an additional 140 shares during the last quarter. Finally, Kinloch Capital LLC grew its position in Stanley Black & Decker by 0.4% in the 3rd quarter. Kinloch Capital LLC now owns 37,691 shares of the industrial products company's stock worth $3,150,000 after purchasing an additional 141 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Thursday, March 7th. Stanley Black & Decker's dividend payout ratio is presently -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.