Brokerages forecast that Stanley Black & Decker, Inc. (NYSE:SWK) will announce sales of $2.74 billion for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Stanley Black & Decker’s earnings. The highest sales estimate is $2.81 billion and the lowest is $2.67 billion. Stanley Black & Decker posted sales of $2.67 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.6%. The business is scheduled to announce its next quarterly earnings results before the market opens on Friday, April 21st.
On average, analysts expect that Stanley Black & Decker will report full year sales of $2.74 billion for the current year, with estimates ranging from $12.12 billion to $12.26 billion. For the next year, analysts forecast that the company will post sales of $12.84 billion per share, with estimates ranging from $12.68 billion to $12.94 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Stanley Black & Decker.
Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Thursday, January 26th. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.68 by $0.03. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.93 billion. Stanley Black & Decker had a net margin of 8.46% and a return on equity of 16.16%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.78 EPS.
SWK has been the subject of several research analyst reports. Zacks Investment Research cut shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a report on Tuesday, January 17th. Barclays PLC increased their target price on shares of Stanley Black & Decker from $140.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday, March 13th. Imperial Capital restated an “in-line” rating and set a $125.00 target price on shares of Stanley Black & Decker in a report on Friday, December 23rd. Macquarie began coverage on shares of Stanley Black & Decker in a report on Friday, December 16th. They set an “outperform” rating and a $137.00 target price for the company. Finally, Nomura began coverage on shares of Stanley Black & Decker in a report on Wednesday. They set a “buy” rating and a $145.00 target price for the company. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $130.90.
Shares of Stanley Black & Decker (NYSE:SWK) traded down 0.81% on Thursday, reaching $131.19. 324,342 shares of the company traded hands. Stanley Black & Decker has a 52-week low of $103.86 and a 52-week high of $136.90. The stock has a 50 day moving average of $130.25 and a 200 day moving average of $122.84. The stock has a market cap of $20.02 billion, a price-to-earnings ratio of 20.15 and a beta of 1.15.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 21st. Stockholders of record on Wednesday, March 1st were given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Monday, February 27th. Stanley Black & Decker’s payout ratio is presently 35.64%.
In related news, SVP Joseph R. Voelker sold 412 shares of the firm’s stock in a transaction dated Thursday, January 26th. The shares were sold at an average price of $125.00, for a total transaction of $51,500.00. Following the transaction, the senior vice president now directly owns 13,570 shares of the company’s stock, valued at $1,696,250. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO James M. Loree sold 60,300 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $127.14, for a total transaction of $7,666,542.00. Following the transaction, the chief executive officer now directly owns 125,449 shares in the company, valued at $15,949,585.86. The disclosure for this sale can be found here. Insiders sold 111,016 shares of company stock worth $14,037,567 over the last three months. Insiders own 1.80% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the company. Pacad Investment Ltd. acquired a new position in Stanley Black & Decker during the fourth quarter worth approximately $103,000. Itau Unibanco Holding S.A. acquired a new position in Stanley Black & Decker during the third quarter worth approximately $132,000. SRS Capital Advisors Inc. acquired a new position in Stanley Black & Decker during the fourth quarter worth approximately $124,000. Koshinski Asset Management Inc. acquired a new position in Stanley Black & Decker during the first quarter worth approximately $212,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new position in Stanley Black & Decker during the fourth quarter worth approximately $194,000. 85.51% of the stock is currently owned by institutional investors and hedge funds.
Stanley Black & Decker Company Profile
Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.
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