Stanley Black & Decker, Inc. (NYSE:SWK) – Equities researchers at Gabelli dropped their FY2018 EPS estimates for shares of Stanley Black & Decker in a research note issued on Monday, October 22nd. Gabelli analyst J. Bergner now forecasts that the industrial products company will post earnings per share of $8.20 for the year, down from their prior estimate of $8.25. Gabelli has a “Buy” rating and a $155.00 price target on the stock.
Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Friday, July 20th. The industrial products company reported $2.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.54. The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.48 billion. Stanley Black & Decker had a return on equity of 16.54% and a net margin of 7.52%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.58 EPS.
A number of other analysts also recently commented on SWK. Robert W. Baird set a $154.00 target price on Stanley Black & Decker and gave the stock a “hold” rating in a research note on Tuesday, October 16th. Wolfe Research assumed coverage on Stanley Black & Decker in a research note on Wednesday, June 27th. They issued a “market perform” rating on the stock. Wells Fargo & Co lowered their target price on Stanley Black & Decker from $194.00 to $168.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 17th. Credit Suisse Group set a $160.00 target price on Stanley Black & Decker and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Finally, ValuEngine upgraded Stanley Black & Decker from a “sell” rating to a “hold” rating in a research note on Friday, July 20th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $175.65.
Stanley Black & Decker stock opened at $117.82 on Tuesday. Stanley Black & Decker has a fifty-two week low of $117.43 and a fifty-two week high of $176.62. The company has a current ratio of 0.94, a quick ratio of 0.51 and a debt-to-equity ratio of 0.38. The stock has a market cap of $18.07 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 1.40 and a beta of 0.98.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Toth Financial Advisory Corp acquired a new position in Stanley Black & Decker in the 3rd quarter worth about $264,000. Fort Washington Investment Advisors Inc. OH raised its holdings in Stanley Black & Decker by 72.3% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 5,301 shares of the industrial products company’s stock worth $704,000 after purchasing an additional 2,225 shares during the period. Pennsylvania Trust Co raised its holdings in Stanley Black & Decker by 6.1% in the 3rd quarter. Pennsylvania Trust Co now owns 100,609 shares of the industrial products company’s stock worth $14,734,000 after purchasing an additional 5,765 shares during the period. ING Groep NV raised its holdings in Stanley Black & Decker by 53.4% in the 2nd quarter. ING Groep NV now owns 16,523 shares of the industrial products company’s stock worth $2,194,000 after purchasing an additional 5,755 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Stanley Black & Decker by 55.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,464 shares of the industrial products company’s stock worth $328,000 after purchasing an additional 875 shares during the period. 83.65% of the stock is owned by institutional investors.
In related news, VP Jocelyn Belisle sold 1,185 shares of the company’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $139.04, for a total value of $164,762.40. Following the completion of the transaction, the vice president now owns 12,766 shares of the company’s stock, valued at approximately $1,774,984.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.69% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Stockholders of record on Friday, November 30th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.24%. Stanley Black & Decker’s payout ratio is 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.
Recommended Story: How to use beta for portfolio diversification
Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.