Analysts expect Stanley Black & Decker, Inc. (NYSE:SWK) to announce $3.31 billion in sales for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Stanley Black & Decker’s earnings. The lowest sales estimate is $3.23 billion and the highest is $3.40 billion. Stanley Black & Decker posted sales of $3.21 billion in the same quarter last year, which would indicate a positive year over year growth rate of 3.1%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, April 24th.
On average, analysts expect that Stanley Black & Decker will report full-year sales of $14.48 billion for the current financial year, with estimates ranging from $14.23 billion to $14.82 billion. For the next fiscal year, analysts anticipate that the business will report sales of $15.04 billion, with estimates ranging from $14.78 billion to $15.44 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Stanley Black & Decker.
Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Tuesday, January 22nd. The industrial products company reported $2.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.10 by $0.01. Stanley Black & Decker had a net margin of 4.62% and a return on equity of 16.73%. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.62 billion. During the same period last year, the business earned $2.18 EPS. Stanley Black & Decker’s quarterly revenue was up 4.9% compared to the same quarter last year.
A number of analysts have recently commented on the company. Raymond James reissued a “hold” rating on shares of Stanley Black & Decker in a research report on Wednesday, January 23rd. Zacks Investment Research cut Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Thursday, March 14th. Longbow Research raised Stanley Black & Decker from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Friday, March 22nd. Wolfe Research set a $140.00 target price on Stanley Black & Decker and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Finally, Barclays lowered their price target on Stanley Black & Decker from $152.00 to $145.00 and set an “overweight” rating for the company in a research report on Monday, December 17th. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Stanley Black & Decker presently has a consensus rating of “Buy” and an average target price of $155.00.
SWK traded down $0.15 during midday trading on Monday, reaching $142.79. The company’s stock had a trading volume of 1,153,335 shares, compared to its average volume of 921,977. Stanley Black & Decker has a 1 year low of $106.41 and a 1 year high of $158.47. The stock has a market cap of $21.63 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 1.91 and a beta of 1.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.55 and a current ratio of 1.14.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Tuesday, March 5th were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Monday, March 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is 32.39%.
In other news, SVP Jaime A. Ramirez sold 600 shares of Stanley Black & Decker stock in a transaction that occurred on Thursday, January 24th. The shares were sold at an average price of $118.69, for a total value of $71,214.00. Following the completion of the sale, the senior vice president now directly owns 35,048 shares in the company, valued at $4,159,847.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joseph R. Voelker sold 3,488 shares of Stanley Black & Decker stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $137.48, for a total transaction of $479,530.24. Following the completion of the sale, the senior vice president now owns 22,149 shares of the company’s stock, valued at $3,045,044.52. The disclosure for this sale can be found here. In the last three months, insiders sold 14,615 shares of company stock valued at $2,018,879. 1.03% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of SWK. Proficio Capital Partners LLC increased its holdings in Stanley Black & Decker by 370.5% during the fourth quarter. Proficio Capital Partners LLC now owns 207 shares of the industrial products company’s stock valued at $25,000 after buying an additional 163 shares during the last quarter. Legacy Financial Advisors Inc. increased its stake in shares of Stanley Black & Decker by 72.8% in the 4th quarter. Legacy Financial Advisors Inc. now owns 330 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 139 shares in the last quarter. Lindbrook Capital LLC bought a new position in Stanley Black & Decker in the 4th quarter worth $41,000. Oppenheimer Asset Management Inc. bought a new position in Stanley Black & Decker in the 4th quarter worth $57,000. Finally, Phocas Financial Corp. bought a new position in Stanley Black & Decker in the 4th quarter worth $63,000. Institutional investors own 88.21% of the company’s stock.
Stanley Black & Decker Company Profile
Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.
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