Stanley Black & Decker, Inc. (SWK) Expected to Earn FY2017 Earnings of $7.40 Per Share

Stanley Black & Decker, Inc. (NYSE:SWK) – Analysts at KeyCorp upped their FY2017 earnings per share (EPS) estimates for Stanley Black & Decker in a research report issued on Tuesday, Zacks Investment Research reports. KeyCorp analyst K. Zener now forecasts that the industrial products company will earn $7.40 per share for the year, up from their previous estimate of $7.36. KeyCorp has a “Buy” rating and a $185.00 price target on the stock.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.08. The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.15 billion. Stanley Black & Decker had a return on equity of 15.41% and a net margin of 9.79%. The business’s revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the business posted $1.68 EPS.

Other analysts also recently issued research reports about the company. B. Riley reissued a “buy” rating on shares of Stanley Black & Decker in a report on Wednesday, November 1st. Nomura set a $180.00 target price on Stanley Black & Decker and gave the company a “buy” rating in a research note on Wednesday, October 25th. Zelman & Associates raised Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. FBR & Co lifted their target price on Stanley Black & Decker from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. Finally, Northcoast Research assumed coverage on Stanley Black & Decker in a research note on Friday, October 20th. They set a “buy” rating and a $193.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $169.19.

Shares of Stanley Black & Decker (SWK) traded up $0.89 during midday trading on Thursday, hitting $173.42. The company had a trading volume of 589,849 shares, compared to its average volume of 822,567. The company has a market cap of $26,660.00, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 1.99 and a beta of 1.04. Stanley Black & Decker has a 1-year low of $117.42 and a 1-year high of $174.87. The company has a current ratio of 1.26, a quick ratio of 0.69 and a debt-to-equity ratio of 0.53.

Several hedge funds and other institutional investors have recently modified their holdings of SWK. BB&T Investment Services Inc. acquired a new position in shares of Stanley Black & Decker in the 2nd quarter worth $102,000. Acrospire Investment Management LLC grew its holdings in shares of Stanley Black & Decker by 100.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 800 shares of the industrial products company’s stock worth $113,000 after acquiring an additional 400 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Stanley Black & Decker by 22.9% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,806 shares of the industrial products company’s stock worth $131,000 after acquiring an additional 709 shares during the last quarter. Bank of Nova Scotia Trust Co. acquired a new position in shares of Stanley Black & Decker in the 3rd quarter worth $141,000. Finally, Rowland & Co. Investment Counsel ADV acquired a new position in shares of Stanley Black & Decker in the 4th quarter worth $145,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

In other news, CFO Donald Allan sold 30,090 shares of Stanley Black & Decker stock in a transaction on Friday, November 10th. The stock was sold at an average price of $163.11, for a total transaction of $4,907,979.90. Following the transaction, the chief financial officer now directly owns 129,203 shares in the company, valued at approximately $21,074,301.33. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Joseph R. Voelker sold 4,182 shares of Stanley Black & Decker stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $162.91, for a total value of $681,289.62. Following the transaction, the senior vice president now owns 17,253 shares in the company, valued at $2,810,686.23. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,606 shares of company stock worth $20,938,546. 1.15% of the stock is owned by insiders.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 19th. Stockholders of record on Friday, December 1st were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Thursday, November 30th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 31.82%.

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About Stanley Black & Decker

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

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