Q1 2024 EPS Estimates for Stanley Black & Decker, Inc. (NYSE:SWK) Lifted by Zacks Research

Stanley Black & Decker, Inc. (NYSE:SWK) – Stock analysts at Zacks Research lifted their Q1 2024 earnings per share estimates for shares of Stanley Black & Decker in a research report issued on Tuesday, April 23rd. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings per share of $0.53 for the quarter, up from their prior 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.

SWK has been the subject of several other reports. Barclays lifted their target price on Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. decreased their price objective on 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. Robert W. Baird decreased their target price on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. Finally, Wells Fargo & Company decreased their target price on 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. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $98.11.

Stanley Black & Decker Stock Down 0.5 %

Shares of NYSE:SWK opened at $90.27 on Wednesday. The company has a market capitalization of $13.88 billion, a price-to-earnings ratio of -43.40, a PEG ratio of 2.41 and a beta of 1.34. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. The business has a 50-day moving average price of $91.53 and a 200 day moving average price of $90.97. Stanley Black & Decker has a 12-month low of $73.87 and a 12-month high of $104.21.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the company earned ($0.10) EPS.

Stanley Black & Decker Dividend Announcement

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

Institutional Investors Weigh In On Stanley Black & Decker

A number of hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in shares of Stanley Black & Decker by 67.7% during the 3rd quarter. International Assets Investment Management LLC now owns 4,615 shares of the industrial products company’s stock worth $383,000 after buying an additional 1,863 shares in the last quarter. Vontobel Holding Ltd. increased its stake in Stanley Black & Decker by 11.9% in the 3rd quarter. Vontobel Holding Ltd. now owns 6,815 shares of the industrial products company’s stock valued at $570,000 after purchasing an additional 727 shares in the last quarter. IFP Advisors Inc increased its stake in Stanley Black & Decker by 4.9% in the 3rd quarter. IFP Advisors Inc now owns 3,994 shares of the industrial products company’s stock valued at $334,000 after purchasing an additional 187 shares in the last quarter. HB Wealth Management LLC purchased a new position in Stanley Black & Decker in the 3rd quarter valued at approximately $217,000. Finally, Capital Investment Advisors LLC purchased a new position in Stanley Black & Decker in the 3rd quarter valued at approximately $378,000. Institutional investors and hedge funds 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.