Analysts Anticipate Stanley Black & Decker, Inc. (SWK) Will Announce Quarterly Sales of $3.15 Billion

Brokerages expect Stanley Black & Decker, Inc. (NYSE:SWK) to announce $3.15 billion in sales for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Stanley Black & Decker’s earnings, with estimates ranging from $3.10 billion to $3.20 billion. Stanley Black & Decker posted sales of $2.88 billion during the same quarter last year, which would indicate a positive year over year growth rate of 9.4%. The firm is expected to report its next quarterly earnings report on Thursday, October 26th.

According to Zacks, analysts expect that Stanley Black & Decker will report full year sales of $3.15 billion for the current financial year, with estimates ranging from $12.25 billion to $12.51 billion. For the next financial year, analysts expect that the firm will post sales of $13.10 billion per share, with estimates ranging from $12.82 billion to $13.34 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Stanley Black & Decker.

Stanley Black & Decker (NYSE:SWK) last issued 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. Stanley Black & Decker had a net margin of 9.92% and a return on equity of 15.36%. The company had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter last year, the company posted $1.84 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year.

A number of equities analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of Stanley Black & Decker from $150.00 to $154.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. BidaskClub lowered shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. UBS AG reissued a “buy” rating and issued a $160.00 price target (up previously from $150.00) on shares of Stanley Black & Decker in a research report on Tuesday, July 25th. Finally, FBR & Co reissued an “outperform” rating on shares of Stanley Black & Decker in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. Stanley Black & Decker currently has a consensus rating of “Buy” and a consensus price target of $154.00.

Shares of Stanley Black & Decker (SWK) traded up 1.22% during trading on Friday, reaching $138.83. 636,271 shares of the company’s stock traded hands. The company has a market capitalization of $21.26 billion, a price-to-earnings ratio of 17.78 and a beta of 1.10. The stock has a 50-day moving average of $141.91 and a 200-day moving average of $136.13. Stanley Black & Decker has a 1-year low of $111.89 and a 1-year high of $148.32.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Friday, September 1st will be given a dividend of $0.63 per share. The ex-dividend date is Wednesday, August 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.82%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.58. Stanley Black & Decker’s payout ratio is 29.74%.

In related news, SVP Jaime A. Ramirez sold 10,440 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $139.56, for a total transaction of $1,457,006.40. Following the transaction, the senior vice president now owns 41,541 shares of the company’s stock, valued at $5,797,461.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.15% of the company’s stock.

A number of institutional investors have recently made changes to their positions in SWK. BlackRock Inc. increased its stake in Stanley Black & Decker by 1,670.7% in the first quarter. BlackRock Inc. now owns 10,447,937 shares of the industrial products company’s stock worth $1,388,216,000 after buying an additional 9,857,885 shares in the last quarter. Fred Alger Management Inc. increased its stake in Stanley Black & Decker by 275.0% in the second quarter. Fred Alger Management Inc. now owns 701,930 shares of the industrial products company’s stock worth $98,783,000 after buying an additional 514,773 shares in the last quarter. Boston Partners increased its stake in Stanley Black & Decker by 9.7% in the first quarter. Boston Partners now owns 3,714,012 shares of the industrial products company’s stock worth $493,481,000 after buying an additional 329,259 shares in the last quarter. Cornerstone Investment Partners LLC increased its stake in Stanley Black & Decker by 4,009.6% in the second quarter. Cornerstone Investment Partners LLC now owns 327,497 shares of the industrial products company’s stock worth $46,089,000 after buying an additional 319,528 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Stanley Black & Decker by 2.6% in the second quarter. Vanguard Group Inc. now owns 11,396,761 shares of the industrial products company’s stock worth $1,603,865,000 after buying an additional 287,124 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

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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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