Analysts Offer Predictions for Stanley Black & Decker, Inc.’s Q2 2024 Earnings (NYSE:SWK)

Stanley Black & Decker, Inc. (NYSE:SWK) – Investment analysts at Zacks Research boosted their Q2 2024 earnings per share (EPS) estimates for Stanley Black & Decker in a research report issued to clients and investors on Tuesday, April 23rd. Zacks Research analyst R. Department now anticipates 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.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.19. The firm 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 revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.10) earnings per share.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reduced their price objective on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 6th. Barclays lifted their target price on Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company dropped their target price on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, February 2nd. Finally, Robert W. Baird dropped their target price on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $98.11.

Stanley Black & Decker Trading Down 1.6 %

Shares of SWK opened at $88.80 on Thursday. The stock’s 50-day moving average is $91.52 and its two-hundred day moving average is $90.96. The stock has a market cap of $13.66 billion, a PE ratio of -42.69, a P/E/G ratio of 2.45 and a beta of 1.34. Stanley Black & Decker has a 12 month low of $73.87 and a 12 month high of $104.21. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.19 and a quick ratio of 0.39.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were given a dividend of $0.81 per share. The ex-dividend date was Thursday, March 7th. This represents a $3.24 annualized dividend and a dividend yield of 3.65%. Stanley Black & Decker’s dividend payout ratio is presently -155.77%.

Hedge Funds Weigh In On Stanley Black & Decker

Hedge funds and other institutional investors have recently made changes to their positions in the business. First United Bank & Trust acquired a new stake in Stanley Black & Decker in the fourth quarter worth approximately $25,000. Venturi Wealth Management LLC acquired a new stake in Stanley Black & Decker in the third quarter worth approximately $33,000. Quarry LP acquired a new stake in shares of Stanley Black & Decker during the 4th quarter valued at $36,000. Principal Securities Inc. acquired a new stake in shares of Stanley Black & Decker during the 4th quarter valued at $38,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Stanley Black & Decker by 80.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 231 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

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.