Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) - Analysts at Zacks Research boosted their Q2 2024 EPS estimates for shares of Stanley Black & Decker in a research report issued on Thursday, May 23rd. Zacks Research analyst R. Department now forecasts that the industrial products company will earn $0.81 per share for the quarter, up from their prior 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 a number of other research reports. Robert W. Baird decreased their price target on shares of Stanley Black & Decker from $82.00 to $80.00 and set a "neutral" rating on the stock in a report on Thursday, April 18th. JPMorgan Chase & Co. cut 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 note on Tuesday, February 6th. Barclays cut their price objective on shares of Stanley Black & Decker from $107.00 to $100.00 and set an "overweight" rating for the company in a research note on Friday, May 3rd. Finally, Wells Fargo & Company cut 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 note on Friday, May 3rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $97.00.
Stanley Black & Decker Price Performance
Shares of NYSE:SWK traded up $0.13 during trading on Friday, reaching $86.13. The company had a trading volume of 568,342 shares, compared to its average volume of 1,403,728. The company has a fifty day moving average of $91.25 and a two-hundred day moving average of $91.94. The stock has a market capitalization of $13.25 billion, a P/E ratio of -124.64, a price-to-earnings-growth ratio of 2.38 and a beta of 1.33. Stanley Black & Decker has a 12 month low of $73.87 and a 12 month high of $104.21. 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 (NYSE:SWK - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.83 billion. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The business's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.41) EPS.
Institutional Investors Weigh In On Stanley Black & Decker
Large investors have recently modified their holdings of the stock. First United Bank & Trust bought a new stake in shares of Stanley Black & Decker during the 4th quarter valued at about $25,000. Quarry LP bought a new stake in shares of Stanley Black & Decker during the 4th quarter valued at about $36,000. Principal Securities Inc. bought a new stake in shares of Stanley Black & Decker during the 4th quarter valued at about $38,000. EverSource Wealth Advisors LLC lifted its position in Stanley Black & Decker by 80.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company's stock valued at $43,000 after acquiring an additional 231 shares during the period. Finally, Headlands Technologies LLC purchased a new position in Stanley Black & Decker during the 3rd quarter valued at about $44,000. Institutional investors own 87.77% of the company's stock.
Insiders Place Their Bets
In other Stanley Black & Decker news, SVP Janet Link sold 3,442 shares of the firm's stock in a transaction on Monday, May 6th. The shares were sold at an average price of $86.80, for a total value of $298,765.60. Following the sale, the senior vice president now owns 32,860 shares of the company's stock, valued at approximately $2,852,248. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.50% of the company's stock.
Stanley Black & Decker Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Tuesday, June 4th. Stanley Black & Decker's dividend payout ratio (DPR) is presently -469.56%.
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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