Analysts forecast that Stanley Black & Decker, Inc. (NYSE:SWK) will announce $4.15 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Stanley Black & Decker’s earnings, with the lowest sales estimate coming in at $4.13 billion and the highest estimate coming in at $4.17 billion. Stanley Black & Decker posted sales of $3.71 billion during the same quarter last year, which would indicate a positive year over year growth rate of 11.9%. The business is scheduled to issue its next quarterly earnings report on Wednesday, February 3rd.
According to Zacks, analysts expect that Stanley Black & Decker will report full year sales of $14.22 billion for the current fiscal year, with estimates ranging from $14.04 billion to $14.34 billion. For the next year, analysts forecast that the company will post sales of $14.92 billion, with estimates ranging from $14.52 billion to $15.20 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Stanley Black & Decker.
Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Sunday, November 1st. The industrial products company reported $2.89 EPS for the quarter, topping the consensus estimate of $2.67 by $0.22. Stanley Black & Decker had a net margin of 5.88% and a return on equity of 13.97%. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the prior year, the firm earned $2.13 EPS. Stanley Black & Decker’s quarterly revenue was up 6.0% on a year-over-year basis.
Several research analysts have commented on SWK shares. UBS Group upped their target price on shares of Stanley Black & Decker from $173.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, September 14th. Morgan Stanley upped their price target on shares of Stanley Black & Decker from $188.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, December 3rd. JPMorgan Chase & Co. lowered shares of Stanley Black & Decker from an “overweight” rating to a “neutral” rating and set a $184.00 price target for the company. in a research note on Thursday, December 3rd. Zacks Investment Research raised shares of Stanley Black & Decker from a “hold” rating to a “strong-buy” rating and set a $204.00 price target for the company in a research note on Wednesday. Finally, Barclays upped their price target on shares of Stanley Black & Decker from $184.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, November 30th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $177.00.
In other Stanley Black & Decker news, insider Robert H. Raff, Jr. sold 943 shares of the company’s stock in a transaction that occurred on Wednesday, December 9th. The shares were sold at an average price of $178.62, for a total value of $168,438.66. Following the transaction, the insider now owns 4,633 shares in the company, valued at approximately $827,546.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Robert H. Raff, Jr. sold 1,875 shares of the company’s stock in a transaction that occurred on Wednesday, December 2nd. The shares were sold at an average price of $179.80, for a total transaction of $337,125.00. Following the completion of the transaction, the insider now owns 6,967 shares in the company, valued at approximately $1,252,666.60. The disclosure for this sale can be found here. Insiders have sold 10,667 shares of company stock worth $1,913,742 in the last 90 days. 1.00% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC acquired a new position in Stanley Black & Decker in the 3rd quarter valued at approximately $647,000. CX Institutional increased its stake in shares of Stanley Black & Decker by 114.1% during the 3rd quarter. CX Institutional now owns 167 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 89 shares during the last quarter. JFG Wealth Management LLC acquired a new position in shares of Stanley Black & Decker during the 3rd quarter worth $32,000. Arkadios Wealth Advisors increased its stake in shares of Stanley Black & Decker by 99.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 203 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 101 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased its stake in shares of Stanley Black & Decker by 51.4% during the 3rd quarter. Harbor Investment Advisory LLC now owns 271 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 88.56% of the company’s stock.
NYSE SWK opened at $178.56 on Friday. Stanley Black & Decker has a 52 week low of $70.00 and a 52 week high of $195.00. The company has a current ratio of 1.26, a quick ratio of 0.66 and a debt-to-equity ratio of 0.55. The stock has a market cap of $28.61 billion, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of 3.16 and a beta of 1.53. The company has a 50-day moving average price of $181.27 and a two-hundred day moving average price of $164.02.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, November 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.57%. Stanley Black & Decker’s dividend payout ratio is currently 33.33%.
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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