May 2 (Reuters) - Stanley Black and Decker ( SWK ) beat

analysts' expectations for first-quarter profit on Thursday, as

strong residential construction activity in the United States

aided demand for its industrial tools and products.

A tight supply of existing homes in the United States has

pushed buyers to opt for newly constructed houses, spurring

residential construction.

The manufacturer provides hand tools, power tools and

industrial products to home improvement retailers, construction

businesses and aerospace manufacturers.

The Connecticut-based company posted adjusted profit of 56

cents per share for the quarter, compared with analysts' average

estimate of 54 cents per share, according to LSEG data.

Total quarterly revenue was $3.87 billion, down 1.5% from a

year earlier. Yet, it topped the $3.82 billion estimated by

analysts.

The company reaffirmed its full-year adjusted profit

forecast to be between $3.50 and $4.50 per share.