Zacks Research Equities Analysts Boost Earnings Estimates for Stanley Black & Decker, Inc. (NYSE:SWK)

Stanley Black & Decker, Inc. (NYSE:SWKFree Report) – Equities researchers at Zacks Research lifted their Q1 2024 earnings per share (EPS) estimates for shares of Stanley Black & Decker in a research report issued to clients and investors on Friday, March 22nd. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings per share of $0.52 for the quarter, up from their prior forecast of $0.51. The consensus estimate for Stanley Black & Decker’s current full-year earnings is $4.06 per share. Zacks Research also issued estimates for Stanley Black & Decker’s Q4 2025 earnings at $1.87 EPS.

SWK has been the topic of several other research reports. Wells Fargo & Company decreased their price objective on 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. JPMorgan Chase & Co. decreased their price objective on 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 equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $97.60.

Read Our Latest Stock Report on Stanley Black & Decker

Stanley Black & Decker Stock Performance

Shares of NYSE SWK opened at $94.42 on Monday. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.67. The business’s 50 day moving average is $91.10 and its two-hundred day moving average is $89.63. The company has a market cap of $14.52 billion, a P/E ratio of -45.39, a P/E/G ratio of 1.88 and a beta of 1.33. Stanley Black & Decker has a 12 month low of $73.27 and a 12 month high of $104.21.

Stanley Black & Decker (NYSE:SWKGet Free Report) last issued its quarterly earnings data 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. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same period last year, the business earned ($0.10) EPS. The firm’s revenue was down 6.3% compared to the same quarter last year.

Hedge Funds Weigh In On Stanley Black & Decker

Institutional investors have recently bought and sold shares of the business. Guggenheim Capital LLC raised its position in Stanley Black & Decker by 64.8% in the 2nd quarter. Guggenheim Capital LLC now owns 29,898 shares of the industrial products company’s stock valued at $2,802,000 after purchasing an additional 11,761 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Stanley Black & Decker by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 949,632 shares of the industrial products company’s stock worth $79,370,000 after acquiring an additional 13,540 shares during the last quarter. Foresight Capital Management Advisors Inc. bought a new stake in shares of Stanley Black & Decker during the fourth quarter worth $2,593,000. Vest Financial LLC raised its position in shares of Stanley Black & Decker by 44.0% during the fourth quarter. Vest Financial LLC now owns 338,624 shares of the industrial products company’s stock worth $33,219,000 after acquiring an additional 103,403 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new stake in shares of Stanley Black & Decker during the third quarter worth $1,605,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were given a $0.81 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $3.24 annualized dividend and a yield of 3.43%. Stanley Black & Decker’s payout ratio is -155.77%.

About Stanley Black & Decker

(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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