Brokerages expect that Stanley Black & Decker, Inc. (NYSE:SWK) will announce sales of $3.62 billion for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Stanley Black & Decker’s earnings, with the highest sales estimate coming in at $3.66 billion and the lowest estimate coming in at $3.53 billion. Stanley Black & Decker reported sales of $3.41 billion during the same quarter last year, which would suggest a positive year over year growth rate of 6.2%. The company is scheduled to issue its next earnings report on Wednesday, January 23rd.
On average, analysts expect that Stanley Black & Decker will report full-year sales of $13.99 billion for the current year, with estimates ranging from $13.88 billion to $14.11 billion. For the next year, analysts anticipate that the company will report sales of $14.80 billion, with estimates ranging from $14.40 billion to $15.03 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Stanley Black & Decker.
Stanley Black & Decker (NYSE:SWK) last released its earnings results on Thursday, October 25th. The industrial products company reported $2.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.04 by $0.04. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.59 billion. Stanley Black & Decker had a return on equity of 16.71% and a net margin of 7.22%.
Several equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Tuesday, October 30th. Macquarie set a $140.00 target price on Stanley Black & Decker and gave the company a “buy” rating in a research report on Tuesday, October 30th. Robert W. Baird raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $154.00 target price on the stock in a research report on Monday. KeyCorp set a $170.00 target price on Stanley Black & Decker and gave the company a “buy” rating in a research report on Friday, October 26th. Finally, Credit Suisse Group set a $135.00 target price on Stanley Black & Decker and gave the company a “buy” rating in a research report on Friday, October 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company. Stanley Black & Decker has a consensus rating of “Buy” and a consensus price target of $163.29.
In related news, SVP Jaime A. Ramirez sold 8,251 shares of the business’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $111.29, for a total transaction of $918,253.79. Following the completion of the transaction, the senior vice president now owns 36,566 shares in the company, valued at approximately $4,069,430.14. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael David Hankin acquired 907 shares of the company’s stock in a transaction that occurred on Monday, October 29th. The shares were acquired at an average price of $112.93 per share, with a total value of $102,427.51. Following the acquisition, the director now owns 2,157 shares in the company, valued at $243,590.01. The disclosure for this purchase can be found here. 0.69% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of SWK. Rational Advisors LLC boosted its holdings in Stanley Black & Decker by 6,076.9% during the 3rd quarter. Rational Advisors LLC now owns 803 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 790 shares during the period. Resources Management Corp CT ADV purchased a new stake in shares of Stanley Black & Decker in the 3rd quarter worth $125,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Stanley Black & Decker in the 2nd quarter worth $136,000. NEXT Financial Group Inc purchased a new stake in shares of Stanley Black & Decker in the 3rd quarter worth $139,000. Finally, Honkamp Krueger Financial Services Inc. purchased a new stake in shares of Stanley Black & Decker in the 3rd quarter worth $191,000. Institutional investors own 86.43% of the company’s stock.
NYSE SWK opened at $126.52 on Friday. The company has a market cap of $19.09 billion, a PE ratio of 16.98, a P/E/G ratio of 1.66 and a beta of 1.35. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.48 and a current ratio of 0.92. Stanley Black & Decker has a fifty-two week low of $106.41 and a fifty-two week high of $176.62.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Friday, November 30th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Thursday, November 29th. Stanley Black & Decker’s payout ratio is currently 35.44%.
Stanley Black & Decker Company Profile
Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.
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