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

Stanley Black & Decker, Inc. (NYSE:SWK) – Equities research analysts at Zacks Research lifted their Q2 2024 earnings per share (EPS) 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 $0.73 per share 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 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. The company had revenue of $3.74 billion for 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 firm’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) earnings per share.

Several other research analysts have also recently weighed in on SWK. JPMorgan Chase & Co. reduced their price target on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a research report on Tuesday, February 6th. Wells Fargo & Company cut their price objective on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, February 2nd. Robert W. Baird cut their price objective on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Finally, Barclays boosted their price objective 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $98.11.

Stanley Black & Decker Trading Down 1.6 %

Stanley Black & Decker stock opened at $88.80 on Thursday. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.67. Stanley Black & Decker has a 52 week low of $73.87 and a 52 week high of $104.21. The company has a market capitalization of $13.66 billion, a price-to-earnings ratio of -42.69, a price-to-earnings-growth ratio of 2.45 and a beta of 1.34. The stock has a 50-day moving average price of $91.52 and a 200 day moving average price of $90.96.

Institutional Investors Weigh In On Stanley Black & Decker

Several large investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Stanley Black & Decker in the 4th quarter valued at about $133,952,000. International Assets Investment Management LLC increased its holdings in shares of Stanley Black & Decker by 9,029.0% in the 4th quarter. International Assets Investment Management LLC now owns 421,304 shares of the industrial products company’s stock valued at $41,330,000 after acquiring an additional 416,689 shares during the last quarter. Kodai Capital Management LP acquired a new stake in shares of Stanley Black & Decker in the 4th quarter valued at about $32,679,000. Price T Rowe Associates Inc. MD boosted its position in shares of Stanley Black & Decker by 1.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,159,917 shares of the industrial products company’s stock valued at $1,683,389,000 after purchasing an additional 279,866 shares during the period. Finally, Clean Energy Transition LLP boosted its position in shares of Stanley Black & Decker by 13.8% in the 3rd quarter. Clean Energy Transition LLP now owns 2,292,331 shares of the industrial products company’s stock valued at $191,593,000 after purchasing an additional 277,507 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors 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 3.65%. The ex-dividend date of this dividend was Thursday, March 7th. Stanley Black & Decker’s payout ratio is -155.77%.

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.