$3.64 Billion in Sales Expected for Stanley Black & Decker, Inc. (NYSE:SWK) This Quarter

Wall Street brokerages predict that Stanley Black & Decker, Inc. (NYSE:SWK) will report sales of $3.64 billion for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Stanley Black & Decker’s earnings. The highest sales estimate is $3.67 billion and the lowest is $3.61 billion. Stanley Black & Decker posted sales of $3.49 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.3%. The business is expected to report its next earnings report on Thursday, October 24th.

According to Zacks, analysts expect that Stanley Black & Decker will report full year sales of $14.59 billion for the current fiscal year, with estimates ranging from $14.57 billion to $14.65 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $15.22 billion, with estimates ranging from $15.10 billion to $15.37 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Stanley Black & Decker.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Tuesday, July 23rd. The industrial products company reported $2.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.55 by $0.11. The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Stanley Black & Decker had a net margin of 4.97% and a return on equity of 17.10%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.57 EPS.

Several research firms recently commented on SWK. Buckingham Research upped their target price on shares of Stanley Black & Decker from $154.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Zelman & Associates upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Tuesday, May 21st. Morgan Stanley upped their target price on shares of Stanley Black & Decker from $161.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Gabelli cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Friday, June 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $157.06.

In other news, SVP Jaime A. Ramirez sold 9,850 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $151.04, for a total value of $1,487,744.00. Following the sale, the senior vice president now owns 45,706 shares of the company’s stock, valued at approximately $6,903,434.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.03% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of SWK. Vanguard Group Inc. grew its holdings in Stanley Black & Decker by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 12,414,864 shares of the industrial products company’s stock worth $1,795,314,000 after acquiring an additional 151,641 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Stanley Black & Decker by 8.5% during the 1st quarter. JPMorgan Chase & Co. now owns 11,386,607 shares of the industrial products company’s stock worth $1,550,513,000 after acquiring an additional 893,269 shares during the last quarter. BlackRock Inc. grew its holdings in Stanley Black & Decker by 0.5% during the 2nd quarter. BlackRock Inc. now owns 9,699,825 shares of the industrial products company’s stock worth $1,402,690,000 after acquiring an additional 48,118 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Stanley Black & Decker by 2.2% during the 2nd quarter. Wells Fargo & Company MN now owns 5,073,105 shares of the industrial products company’s stock worth $733,622,000 after acquiring an additional 110,568 shares during the last quarter. Finally, Pzena Investment Management LLC grew its holdings in Stanley Black & Decker by 96.1% during the 1st quarter. Pzena Investment Management LLC now owns 2,423,147 shares of the industrial products company’s stock worth $329,960,000 after acquiring an additional 1,187,163 shares during the last quarter. 85.59% of the stock is currently owned by institutional investors and hedge funds.

NYSE:SWK traded down $0.87 during trading hours on Friday, hitting $146.25. 1,114,267 shares of the company traded hands, compared to its average volume of 1,217,553. The stock has a market capitalization of $22.37 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 1.97 and a beta of 1.39. Stanley Black & Decker has a twelve month low of $106.41 and a twelve month high of $155.22. The firm has a 50-day moving average of $138.27 and a 200 day moving average of $139.43. The company has a current ratio of 0.95, a quick ratio of 0.44 and a debt-to-equity ratio of 0.52.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a $0.69 dividend. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, August 30th. This represents a $2.76 annualized dividend and a dividend yield of 1.89%. Stanley Black & Decker’s dividend payout ratio is presently 33.87%.

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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Earnings History and Estimates for Stanley Black & Decker (NYSE:SWK)

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