Here's How You Can Earn $100 In Passive Income By Investing In Stanley Black & Decker Stock

Stanley Black & Decker, Inc. SWK is a manufacturer of hand and power tools. The company operates in two reportable segments — Tools and Outdoor and Industrial.

It will report its Q3 2024 earnings on Oct. 25, 2024. Wall Street analysts expect the company to post an EPS of $1.04, down from $1.05 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $3.81 billion, down from $3.95 billion in the year-ago period.

The 52-week range of Stanley Black & Decker stock price was $76.26 to $108.15.

Stanley Black & Decker stock dividend yield is 3.29%. It paid $3.28 per share in dividends during the last 12 months.

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The Latest On Stanley Black & Decker

On July 30, Stanley Black & Decker reported its Q2 2024 earnings, posting sales of $4.024 billion, beating the analyst consensus estimate of $4.016 billion, as reported by Benzinga.

The revenue declined 3.3% year-over-year as volume growth (+2%) was offset by the previously announced Infrastructure business divestiture (-3%), currency (-1%) and price (-1%).

Gross profit increased 22.4% to $1.14 billion, and the gross margin expanded 600 basis points to 28.4%. Adjusted EPS of $1.09 beat the analyst consensus of $0.84.

Stanley Black revised its FY24 adjusted EPS outlook from $3.50-$4.50 to $3.70-$4.50 versus an estimate of $3.98.

SWK expects FY24 free cash flow to be approximately $650 million to $850 million, up from the prior forecast of $600 million to $800 million.

"As we look to the back half of 2024, we expect mixed demand trends across our markets. With that in mind, we remain focused on implementing supply chain improvements designed to reshape our cost structure and expand margins, delivering earnings growth and generating strong cash flow," said Donald Allan, Jr., President and CEO.

Check out also this article by Benzinga, which analyzes Stanley Black & Decker’s short interest.

How Can You Earn $100 Per Month As A Stanley Black & Decker Investor?

If you want to make $100 per month — $1,200 annually — from Stanley Black & Decker dividends, your investment value needs to be approximately $36,474, which is nearly 366 shares at $99.79 each. 

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Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (3.29% in this case). So, $1,200 / 0.0329 = $36,474 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock.

The dividend yield can change over time because of fluctuating stock prices and dividend payments on a rolling basis.

For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find Stanley Black & Decker stock an attractive option for making a steady income of $100 per month by owning 366 shares of stock. There may be more upside to come as investors benefit from the company's consistent dividend hikes. Stanley Black & Decker has raised its dividend consecutively for the last 56 years. 

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