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

Stanley Black & Decker, Inc. (NYSE:SWKFree Report) – Investment 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 expects that the industrial products company will earn $0.53 per share for the quarter, up from their previous estimate 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.

Stanley Black & Decker (NYSE:SWKGet Free Report) last posted its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.19. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.84 billion. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. Stanley Black & Decker’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.10) EPS.

Several other brokerages have also weighed in on SWK. JPMorgan Chase & Co. cut their target price on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 6th. Barclays raised 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 cut 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 cut 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 analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $98.11.

Get Our Latest Stock Analysis on Stanley Black & Decker

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $90.75 on Wednesday. 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 fifty-two week low of $73.87 and a fifty-two week high of $104.21. The firm has a market capitalization of $13.96 billion, a PE ratio of -43.63, a price-to-earnings-growth ratio of 2.41 and a beta of 1.34. The stock’s 50-day simple moving average is $91.50 and its 200-day simple moving average is $90.98.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Foresight Capital Management Advisors Inc. purchased a new position in shares of Stanley Black & Decker in the 4th quarter valued at approximately $2,593,000. Charles Schwab Investment Management Inc. grew its stake in shares of Stanley Black & Decker by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 949,632 shares of the industrial products company’s stock valued at $79,370,000 after purchasing an additional 13,540 shares during the last quarter. Vest Financial LLC grew its stake in shares of Stanley Black & Decker by 44.0% in the 4th quarter. Vest Financial LLC now owns 338,624 shares of the industrial products company’s stock valued at $33,219,000 after purchasing an additional 103,403 shares during the last quarter. Neo Ivy Capital Management purchased a new position in shares of Stanley Black & Decker in the 3rd quarter valued at approximately $1,605,000. Finally, Manchester Financial Inc. acquired a new stake in shares of Stanley Black & Decker in the 4th quarter valued at approximately $2,067,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Announces Dividend

The business also recently announced 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 of this dividend was Thursday, March 7th. This represents a $3.24 annualized dividend and a dividend yield of 3.57%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently -155.77%.

Stanley Black & Decker Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Stanley Black & Decker (NYSE:SWK)

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