Stanley Black & Decker, Inc. (NYSE:SWK) - Stock analysts at Imperial Capital reduced their Q3 2017 EPS estimates for shares of Stanley Black & Decker in a research note issued to investors on Tuesday. Imperial Capital analyst J. Kessler now forecasts that the industrial products company will post earnings of $1.86 per share for the quarter, down from their previous forecast of $1.92. Imperial Capital has a “In-Line” rating and a $148.00 price objective on the stock. Imperial Capital also issued estimates for Stanley Black & Decker’s Q2 2018 earnings at $1.97 EPS, Q3 2018 earnings at $2.02 EPS and FY2018 earnings at $7.91 EPS.
Other equities analysts also recently issued reports about the company. FBR & Co reaffirmed an “outperform” rating on shares of Stanley Black & Decker in a report on Tuesday, July 11th. Zacks Investment Research downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Wolfe Research started coverage on Stanley Black & Decker in a report on Tuesday, July 11th. They issued an “outperform” rating and a $160.00 price target for the company. BidaskClub downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, MKM Partners started coverage on Stanley Black & Decker in a report on Friday, July 7th. They issued a “buy” rating and a $166.00 price target for the company. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Stanley Black & Decker presently has a consensus rating of “Buy” and a consensus price target of $153.69.
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Stanley Black & Decker (NYSE SWK) opened at 139.88 on Thursday. Stanley Black & Decker has a 12 month low of $111.89 and a 12 month high of $148.32. The stock has a market capitalization of $21.40 billion, a price-to-earnings ratio of 17.86 and a beta of 1.10. The company has a 50 day moving average of $143.00 and a 200 day moving average of $133.63.
Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Monday, July 24th. The industrial products company reported $2.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.05. The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.18 billion. Stanley Black & Decker had a net margin of 9.92% and a return on equity of 15.36%. The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.84 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Wednesday, August 30th. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.58. Stanley Black & Decker’s dividend payout ratio is 29.74%.
In other news, SVP Jaime A. Ramirez sold 10,440 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $139.56, for a total transaction of $1,457,006.40. Following the completion of the sale, the senior vice president now owns 41,541 shares in the company, valued at $5,797,461.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.15% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. bought a new stake in Stanley Black & Decker during the first quarter valued at approximately $108,000. Farmers & Merchants Investments Inc. boosted its stake in Stanley Black & Decker by 2.9% in the second quarter. Farmers & Merchants Investments Inc. now owns 823 shares of the industrial products company’s stock valued at $116,000 after buying an additional 23 shares during the period. Alexandria Capital LLC boosted its stake in Stanley Black & Decker by 3.3% in the first quarter. Alexandria Capital LLC now owns 826 shares of the industrial products company’s stock valued at $110,000 after buying an additional 26 shares during the period. Independent Portfolio Consultants Inc. boosted its stake in Stanley Black & Decker by 87.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 986 shares of the industrial products company’s stock valued at $139,000 after buying an additional 461 shares during the period. Finally, Tompkins Financial Corp boosted its stake in Stanley Black & Decker by 689.6% in the first quarter. Tompkins Financial Corp now owns 987 shares of the industrial products company’s stock valued at $104,000 after buying an additional 862 shares during the period. Institutional investors and hedge funds own 83.83% of the company’s stock.
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.
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