Stanley Black & Decker, Inc. Expected to Earn Q2 2024 Earnings of $0.81 Per Share (NYSE:SWK) (2024)

Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) – Research analysts at Zacks Research lifted their Q2 2024 EPS estimates for Stanley Black & Decker in a research report issued to clients and investors on Thursday, May 23rd. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings per share of $0.81 for the quarter, up from their previous estimate of $0.73. The consensus estimate for Stanley Black & Decker’s current full-year earnings is $4.07 per share. Zacks Research also issued estimates for Stanley Black & Decker’s Q3 2024 earnings at $0.86 EPS, Q4 2024 earnings at $1.71 EPS, FY2024 earnings at $3.94 EPS, Q1 2025 earnings at $1.14 EPS, FY2025 earnings at $5.37 EPS, Q1 2026 earnings at $1.18 EPS and FY2026 earnings at $6.05 EPS.

SWK has been the topic of several other reports. Barclays lowered their price target on shares of Stanley Black & Decker from $107.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. Robert W. Baird decreased their price objective on shares of 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. Wells Fargo & Company decreased their price objective on shares of Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating for the company in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of 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. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and an average price target of $97.00.

Stanley Black & Decker Stock Up 0.2 %

Shares of SWK stock opened at $86.13 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 0.63. Stanley Black & Decker has a 1 year low of $73.87 and a 1 year high of $104.21. The firm’s fifty day moving average price is $91.21 and its two-hundred day moving average price is $91.94. The firm has a market capitalization of $13.25 billion, a P/E ratio of -124.82, a PEG ratio of 2.38 and a beta of 1.33.

Stanley Black & Decker (NYSE:SWK – Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same period last year, the business posted ($0.41) earnings per share. The firm’s quarterly revenue was down 1.6% on a year-over-year basis.

Hedge Funds Weigh In On Stanley Black & Decker

Several hedge funds and other institutional investors have recently made changes to their positions in SWK. Teacher Retirement System of Texas increased its position in Stanley Black & Decker by 2.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 11,864 shares of the industrial products company’s stock worth $992,000 after purchasing an additional 292 shares in the last quarter. Principal Financial Group Inc. increased its position in Stanley Black & Decker by 79.3% during the 3rd quarter. Principal Financial Group Inc. now owns 315,113 shares of the industrial products company’s stock worth $26,337,000 after purchasing an additional 139,371 shares in the last quarter. California Public Employees Retirement System increased its position in Stanley Black & Decker by 7.3% during the 3rd quarter. California Public Employees Retirement System now owns 242,602 shares of the industrial products company’s stock worth $20,277,000 after purchasing an additional 16,603 shares in the last quarter. Private Advisor Group LLC increased its position in Stanley Black & Decker by 13.4% during the 3rd quarter. Private Advisor Group LLC now owns 13,435 shares of the industrial products company’s stock worth $1,119,000 after purchasing an additional 1,590 shares in the last quarter. Finally, Larson Financial Group LLC acquired a new position in Stanley Black & Decker during the 3rd quarter worth approximately $75,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Stanley Black & Decker news, SVP Janet Link sold 3,442 shares of Stanley Black & Decker stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $86.80, for a total value of $298,765.60. Following the completion of the sale, the senior vice president now owns 32,860 shares in the company, valued at approximately $2,852,248. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be paid a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 3.76%. The ex-dividend date is Tuesday, June 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is -469.56%.

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.