Shares of Stanley Black & Decker, Inc. SWK reached a new 52-week high of $113.55 during its trading session on Apr 22. This apex improved upon the last 52-week high of $113.16 hit on Apr 21. The industrial tools maker and supplier closed its trading session at $111.67 on Apr 22. This reflected a solid year-to-date return of 16.3%. The trading volume for the session was 1.5 million shares. Earnings estimate revisions for 2016 and 2017, along with an expected earnings growth rate of 10.3% for the next 5 years, indicate further upward potential for this machinery stock.Growth DriversStanley Black & Decker impressed investors with positive earnings surprises in three out of four trailing quarters with an average beat of 4.54%. In the last quarter, the company’s earnings of $1.32 per share beat the Zacks Consensus Estimate by 10.92%. Also, the company projected 2016 earnings to be within $6.20−$6.40 per share, up from $6.00−$6.20 projected earlier. Organic revenue growth is anticipated to grow 3−4% versus 3% predicted earlier. The revised forecast is driven by an improved Tools & Storage business as well as approximately $40 million lower currency headwinds.Stanley Black & Decker remains committed toward rewarding shareholders through dividend payments and share buybacks. Its quarterly cash dividend rate is 55 cents per share and the next payment is due on Jun 21. In the years ahead, the company wishes to follow its 50/50 capital allocation strategy of acquisitions as well as continue rewarding its shareholders.Impressive results and outlook have made investors optimistic about Stanley Black & Decker’s future. Earnings estimates for the stock have been revised favorably (as detailed below) and the company currently has an Earnings ESP of +1.89% for 2016 and 2.83% for 2017. Estimate Revisions Show PotencyOver the last 30 days, the Zacks Consensus Estimate for Stanley Black & Decker grew 1% to $6.35 for 2016 and 2.8% to $7.07 for 2017. These estimates represent year-over-year growth of 3.8% for 2016 and 11.3% for 2017%. With a market capitalization of $16.7 billion, Stanley Black & Decker currently carries a Zacks Rank #2 (Buy). Others stocks worth considering in the machinery industry include Luxfer Holdings PLC LXFR, Kennametal Inc. KMT and Sandvik AB SDVKY. While Luxfer Holdings sports a Zacks Rank #1 (Strong Buy), both Kennametal and Sandvik AB carries a Zacks Rank #2 (Buy).Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report STANLEY B&D INC (SWK): Free Stock Analysis Report KENNAMETAL INC (KMT): Free Stock Analysis Report SANDVIK AB (SDVKY): Free Stock Analysis Report LUXFER HOLDINGS (LXFR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research