Analysts Offer Predictions for Stanley Black & Decker, Inc.’s FY2023 Earnings (NYSE:SWK)


Stanley Black & Decker, Inc. (NYSE:SWKFree Report) – Equities research analysts at Zacks Research lifted their FY2023 earnings estimates for shares of Stanley Black & Decker in a research report issued to clients and investors on Thursday, December 14th. Zacks Research analyst E. Haque now anticipates that the industrial products company will post earnings per share of $1.22 for the year, up from their prior forecast of $1.20. The consensus estimate for Stanley Black & Decker’s current full-year earnings is $1.25 per share. Zacks Research also issued estimates for Stanley Black & Decker’s Q1 2024 earnings at $0.47 EPS, Q2 2024 earnings at $0.85 EPS, Q3 2024 earnings at $1.27 EPS, FY2024 earnings at $4.24 EPS, Q1 2025 earnings at $1.36 EPS, Q2 2025 earnings at $1.15 EPS, Q3 2025 earnings at $1.49 EPS and FY2025 earnings at $5.78 EPS.

Stanley Black & Decker (NYSE:SWKGet Free Report) last issued its quarterly earnings data on Friday, October 27th. The industrial products company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.22. Stanley Black & Decker had a negative net margin of 0.35% and a positive return on equity of 0.70%. The business had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same period last year, the company posted $0.76 EPS. The business’s revenue was down 4.0% on a year-over-year basis.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. downgraded shares of Stanley Black & Decker from a “neutral” rating to an “underweight” rating and set a $89.00 target price on the stock. in a research note on Thursday. StockNews.com raised shares of Stanley Black & Decker from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. UBS Group boosted their price objective on shares of Stanley Black & Decker from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, August 31st. Wells Fargo & Company cut their price target on Stanley Black & Decker from $102.00 to $82.00 in a report on Monday, October 9th. Finally, Barclays decreased their price target on shares of Stanley Black & Decker from $120.00 to $105.00 and set an “overweight” rating for the company in a research report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $97.00.

View Our Latest Stock Analysis on SWK

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $98.63 on Monday. The firm has a market capitalization of $15.12 billion, a PE ratio of -252.90, a price-to-earnings-growth ratio of 6.52 and a beta of 1.30. The firm has a 50-day moving average price of $87.25 and a 200-day moving average price of $89.49. Stanley Black & Decker has a 12-month low of $71.27 and a 12-month high of $104.21. The company has a current ratio of 1.30, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Friday, December 1st will be given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Thursday, November 30th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -830.77%.

Insiders Place Their Bets

In other Stanley Black & Decker news, SVP Graham Robinson sold 2,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $91.83, for a total transaction of $183,660.00. Following the completion of the transaction, the senior vice president now owns 26,435 shares of the company’s stock, valued at $2,427,526.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Institutional Trading of Stanley Black & Decker

A number of hedge funds and other institutional investors have recently modified their holdings of SWK. Guggenheim Capital LLC lifted its holdings in Stanley Black & Decker by 64.8% in the second quarter. Guggenheim Capital LLC now owns 29,898 shares of the industrial products company’s stock valued at $2,802,000 after acquiring an additional 11,761 shares during the last quarter. Kensico Capital Management Corp acquired a new position in shares of Stanley Black & Decker in the 2nd quarter valued at $41,232,000. Bank of New York Mellon Corp grew its holdings in shares of Stanley Black & Decker by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 984,972 shares of the industrial products company’s stock worth $92,302,000 after purchasing an additional 4,306 shares during the period. International Assets Investment Management LLC raised its holdings in Stanley Black & Decker by 3,701.4% in the 3rd quarter. International Assets Investment Management LLC now owns 104,615 shares of the industrial products company’s stock valued at $8,744,000 after buying an additional 101,863 shares during the period. Finally, Cascade Investment Advisors Inc. purchased a new stake in shares of Stanley Black & Decker in the 2nd quarter valued at approximately $1,200,000. 90.47% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Company Profile (Get Free Report)

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

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