FY2024 Earnings Forecast for SWK Issued By Zacks Research

Stanley Black & Decker, Inc. (NYSE:SWK) – Equities research analysts at Zacks Research cut their FY2024 EPS estimates for shares of Stanley Black & Decker in a note issued to investors on Tuesday, November 19th. Zacks Research analyst R. Department now forecasts that the industrial products company will earn $4.13 per share for the year, down from their previous estimate of $4.23. 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 Q4 2024 earnings at $1.26 EPS, Q1 2025 earnings at $1.00 EPS, Q3 2025 earnings at $1.16 EPS, Q3 2026 earnings at $1.50 EPS and FY2026 earnings at $6.16 EPS.

Several other brokerages have also recently issued reports on SWK. UBS Group lifted their target price on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. increased their target price on Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research note on Monday, August 5th. StockNews.com downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Morgan Stanley decreased their target price on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group raised their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $102.29.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK opened at $89.25 on Friday. The company has a market capitalization of $13.76 billion, a PE ratio of -65.15, a PEG ratio of 2.37 and a beta of 1.25. The business has a fifty day moving average price of $100.13 and a 200-day moving average price of $93.79. Stanley Black & Decker has a 1-year low of $77.70 and a 1-year high of $110.88. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The firm had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the previous year, the business posted $1.05 EPS. The company’s quarterly revenue was down 5.1% on a year-over-year basis.

Institutional Trading of Stanley Black & Decker

Several institutional investors and hedge funds have recently modified their holdings of the company. UMB Bank n.a. boosted its position in shares of Stanley Black & Decker by 4.7% during the third quarter. UMB Bank n.a. now owns 2,118 shares of the industrial products company’s stock worth $233,000 after acquiring an additional 96 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Stanley Black & Decker by 0.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,200 shares of the industrial products company’s stock valued at $1,055,000 after purchasing an additional 100 shares during the last quarter. Castleview Partners LLC grew its position in shares of Stanley Black & Decker by 3.9% during the third quarter. Castleview Partners LLC now owns 2,772 shares of the industrial products company’s stock valued at $305,000 after purchasing an additional 103 shares in the last quarter. Empirical Finance LLC lifted its position in shares of Stanley Black & Decker by 2.1% in the third quarter. Empirical Finance LLC now owns 5,276 shares of the industrial products company’s stock worth $581,000 after buying an additional 111 shares in the last quarter. Finally, Advisors Management Group Inc. ADV boosted its stake in Stanley Black & Decker by 3.2% during the third quarter. Advisors Management Group Inc. ADV now owns 3,820 shares of the industrial products company’s stock valued at $421,000 after buying an additional 117 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker’s payout ratio is -239.42%.

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.