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

Stanley Black & Decker, Inc. (NYSE:SWK) – Stock analysts at Zacks Research upped their Q1 2024 earnings per share (EPS) estimates for Stanley Black & Decker in a 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 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.

Several other research analysts have also recently commented on the company. Robert W. Baird cut their price target on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. Wells Fargo & Company cut their price target on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, February 2nd. Barclays boosted their price target on Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. cut their price target 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. Two investment 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 presently has a consensus rating of “Hold” and a consensus price target of $98.11.

Stanley Black & Decker Trading Up 1.6 %

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 one year low of $73.87 and a one year high of $104.21. The business’s 50-day simple moving average is $91.50 and its 200 day simple moving average is $90.98. The stock has a market cap of $13.96 billion, a price-to-earnings ratio of -43.63, a price-to-earnings-growth ratio of 2.41 and a beta of 1.34.

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, topping the consensus estimate 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 company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter in the prior year, the business earned ($0.10) earnings per share. The company’s revenue was down 6.3% compared to the same quarter last year.

Stanley Black & Decker Announces Dividend

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 dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend was Thursday, March 7th. Stanley Black & Decker’s payout ratio is currently -155.77%.

Institutional Trading of Stanley Black & Decker

Several institutional investors and hedge funds have recently bought and sold shares of the company. First United Bank & Trust bought a new position in shares of Stanley Black & Decker during the fourth quarter valued at approximately $25,000. Venturi Wealth Management LLC bought a new position in shares of Stanley Black & Decker during the third quarter valued at approximately $33,000. Quarry LP bought a new position in shares of Stanley Black & Decker during the fourth quarter valued at approximately $36,000. Principal Securities Inc. bought a new position in shares of Stanley Black & Decker during the fourth quarter valued at approximately $38,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Stanley Black & Decker by 80.5% during the third quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 231 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

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.