Stanley Black & Decker (NYSE:SWK) Issues Quarterly Earnings Results

Key Points

• Stanley Black & Decker reported earnings of $1.08 per share, significantly exceeding the consensus estimate of $0.38, despite a 6.2% decline in revenue compared to the previous year.
• The company announced an increase in its quarterly dividend to $0.83, reflecting a 4.87% yield and a payout ratio of 136.10%.
• Analysts have mixed views on the stock, with price targets ranging from $60 to $100, and a general consensus rating of "Hold".

Stanley Black & Decker (NYSE:SWK - Get Free Report) issued its quarterly earnings results on Tuesday. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.70, Zacks reports. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%. The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the business posted $1.09 EPS. Stanley Black & Decker's revenue for the quarter was down 6.2% compared to the same quarter last year. Stanley Black & Decker updated its FY 2025 guidance to 4.550-4.750 EPS.

Stanley Black & Decker Stock Down 1.2%

Shares of SWK traded down $0.81 during midday trading on Wednesday, reaching $67.80. The stock had a trading volume of 3,389,297 shares, compared to its average volume of 2,030,745. Stanley Black & Decker has a 1-year low of $53.91 and a 1-year high of $110.88. The company's fifty day simple moving average is $68.43 and its two-hundred day simple moving average is $73.27. The company has a market cap of $10.49 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 1.30 and a beta of 1.18. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.36.

Stanley Black & Decker Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.83 per share. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 dividend on an annualized basis and a yield of 4.90%. Stanley Black & Decker's dividend payout ratio is 136.10%.

Institutional Investors Weigh In On Stanley Black & Decker

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Focus Partners Wealth increased its stake in shares of Stanley Black & Decker by 18.8% during the first quarter. Focus Partners Wealth now owns 6,981 shares of the industrial products company's stock worth $537,000 after acquiring an additional 1,105 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Stanley Black & Decker by 3.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,648 shares of the industrial products company's stock valued at $1,203,000 after purchasing an additional 559 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of Stanley Black & Decker by 8.2% in the 1st quarter. Empowered Funds LLC now owns 4,645 shares of the industrial products company's stock valued at $357,000 after purchasing an additional 353 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wolfe Research raised shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. Wells Fargo & Company increased their price objective on shares of Stanley Black & Decker from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Wednesday. Barclays dropped their price objective on shares of Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company in a report on Wednesday. Robert W. Baird increased their price objective on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Finally, UBS Group lowered their price target on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $93.80.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.