Stanley Black & Decker, Inc. (SWK) Expected to Announce Quarterly Sales of $3.79 Billion

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Wall Street brokerages predict that Stanley Black & Decker, Inc. (NYSE:SWK) will post sales of $3.79 billion for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Stanley Black & Decker’s earnings, with the highest sales estimate coming in at $3.90 billion and the lowest estimate coming in at $3.72 billion. Stanley Black & Decker posted sales of $3.64 billion during the same quarter last year, which would suggest a positive year over year growth rate of 4.1%. The business is scheduled to issue its next quarterly earnings results on Friday, July 19th.

On average, analysts expect that Stanley Black & Decker will report full year sales of $14.71 billion for the current financial year, with estimates ranging from $14.57 billion to $14.81 billion. For the next fiscal year, analysts expect that the business will report sales of $15.33 billion, with estimates ranging from $15.14 billion to $15.46 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Stanley Black & Decker.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.32. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.30 billion. Stanley Black & Decker had a return on equity of 17.01% and a net margin of 4.57%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $1.39 EPS.

A number of brokerages have recently weighed in on SWK. Zacks Investment Research lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th. Buckingham Research lifted their price objective on Stanley Black & Decker from $155.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, May 10th. ValuEngine upgraded Stanley Black & Decker from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. TheStreet lowered Stanley Black & Decker from a “b-” rating to a “c+” rating in a research report on Tuesday, January 22nd. Finally, Deutsche Bank set a $137.00 price objective on Stanley Black & Decker and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $159.06.

Shares of SWK stock traded up $0.27 during trading hours on Friday, reaching $135.12. The company’s stock had a trading volume of 1,036,800 shares, compared to its average volume of 1,406,874. The firm has a market cap of $20.27 billion, a P/E ratio of 16.58, a P/E/G ratio of 1.97 and a beta of 1.25. Stanley Black & Decker has a one year low of $106.41 and a one year high of $155.22. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.43 and a current ratio of 0.91.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Monday, June 3rd. Stanley Black & Decker’s payout ratio is presently 32.39%.

In other news, SVP Joseph R. Voelker sold 27,750 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $147.17, for a total value of $4,083,967.50. Following the completion of the transaction, the senior vice president now owns 22,411 shares in the company, valued at approximately $3,298,226.87. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert H. Raff, Jr. sold 6,179 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $151.66, for a total value of $937,107.14. Following the completion of the transaction, the insider now owns 14,116 shares of the company’s stock, valued at approximately $2,140,832.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 129,831 shares of company stock valued at $18,933,275. 1.03% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the business. Patriot Financial Group Insurance Agency LLC raised its stake in Stanley Black & Decker by 2.8% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 3,249 shares of the industrial products company’s stock valued at $389,000 after buying an additional 90 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Stanley Black & Decker by 1.3% in the 1st quarter. Louisiana State Employees Retirement System now owns 8,000 shares of the industrial products company’s stock worth $1,089,000 after purchasing an additional 100 shares in the last quarter. Fruth Investment Management increased its holdings in shares of Stanley Black & Decker by 1.5% in the 1st quarter. Fruth Investment Management now owns 6,890 shares of the industrial products company’s stock worth $938,000 after purchasing an additional 100 shares in the last quarter. YHB Investment Advisors Inc. increased its holdings in shares of Stanley Black & Decker by 0.5% in the 1st quarter. YHB Investment Advisors Inc. now owns 18,776 shares of the industrial products company’s stock worth $2,557,000 after purchasing an additional 102 shares in the last quarter. Finally, Cornerstone Advisors Inc. increased its holdings in shares of Stanley Black & Decker by 22.0% in the 1st quarter. Cornerstone Advisors Inc. now owns 583 shares of the industrial products company’s stock worth $79,000 after purchasing an additional 105 shares in the last quarter. Institutional investors and hedge funds own 89.49% of the company’s stock.

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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