Stanley Black & Decker, Inc. (SWK) to Post FY2017 Earnings of $7.40 Per Share, KeyCorp Forecasts

Stanley Black & Decker, Inc. (NYSE:SWK) – Equities research analysts at KeyCorp raised their FY2017 earnings per share estimates for Stanley Black & Decker in a report issued on Tuesday. KeyCorp analyst K. Zener now expects that the industrial products company will post earnings per share of $7.40 for the year, up from their previous estimate of $7.36. KeyCorp currently has a “Buy” rating and a $185.00 target price on the stock.

A number of other research analysts also recently issued reports on SWK. ValuEngine downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Wednesday. B. Riley reissued a “buy” rating on shares of Stanley Black & Decker in a report on Wednesday, November 1st. Zacks Investment Research raised Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $168.00 price target for the company in a report on Tuesday, September 26th. Robert W. Baird boosted their price target on Stanley Black & Decker from $162.00 to $172.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $175.00 price target (up from $165.00) on shares of Stanley Black & Decker in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company. Stanley Black & Decker currently has an average rating of “Buy” and an average target price of $169.19.

Stanley Black & Decker (SWK) opened at $169.01 on Thursday. Stanley Black & Decker has a twelve month low of $114.27 and a twelve month high of $170.90. The stock has a market capitalization of $25,862.76, a P/E ratio of 24.23, a price-to-earnings-growth ratio of 2.19 and a beta of 1.03. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.26 and a quick ratio of 0.69.

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

A number of large investors have recently modified their holdings of SWK. Vanguard Group Inc. grew its holdings in shares of Stanley Black & Decker by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 11,396,761 shares of the industrial products company’s stock worth $1,603,865,000 after purchasing an additional 287,124 shares during the period. Voya Investment Management LLC grew its holdings in shares of Stanley Black & Decker by 1.3% during the 2nd quarter. Voya Investment Management LLC now owns 1,683,478 shares of the industrial products company’s stock worth $236,916,000 after purchasing an additional 20,995 shares during the period. Pictet Asset Management Ltd. grew its holdings in shares of Stanley Black & Decker by 45.2% during the 3rd quarter. Pictet Asset Management Ltd. now owns 1,077,720 shares of the industrial products company’s stock worth $162,703,000 after purchasing an additional 335,500 shares during the period. Legal & General Group Plc grew its holdings in shares of Stanley Black & Decker by 3.7% during the 3rd quarter. Legal & General Group Plc now owns 825,900 shares of the industrial products company’s stock worth $124,683,000 after purchasing an additional 29,194 shares during the period. Finally, Sanders Capital LLC grew its holdings in shares of Stanley Black & Decker by 2.7% during the 3rd quarter. Sanders Capital LLC now owns 822,648 shares of the industrial products company’s stock worth $125,927,000 after purchasing an additional 22,000 shares during the period. Institutional investors own 84.04% of the company’s stock.

In other Stanley Black & Decker news, EVP Jeffrey D. Ansell sold 11,221 shares of the company’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $163.86, for a total value of $1,838,673.06. Following the completion of the sale, the executive vice president now directly owns 65,030 shares in the company, valued at approximately $10,655,815.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Donald Allan sold 30,090 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $163.11, for a total value of $4,907,979.90. Following the completion of the sale, the chief financial officer now owns 129,203 shares of the company’s stock, valued at $21,074,301.33. The disclosure for this sale can be found here. Insiders have sold 128,606 shares of company stock valued at $20,938,546 over the last quarter. 1.15% of the stock is owned by company insiders.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 19th. Investors 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 1.49%. The ex-dividend date of this dividend was Thursday, November 30th. Stanley Black & Decker’s payout ratio is 31.82%.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at https://sportsperspectives.com/2017/12/21/stanley-black-decker-inc-swk-to-post-fy2017-earnings-of-7-40-per-share-keycorp-forecasts.html.

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.

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

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.

Latest News

Leave a Reply