FY2017 EPS Estimates for Stanley Black & Decker, Inc. (NYSE:SWK) Raised by Analyst

Stanley Black & Decker, Inc. (NYSE:SWK) – Equities researchers at Seaport Global Securities boosted their FY2017 EPS estimates for shares of Stanley Black & Decker in a note issued to investors on Tuesday, Zacks Investment Research reports. Seaport Global Securities analyst M. Shlisky now expects that the industrial products company will post earnings of $7.38 per share for the year, up from their previous forecast of $7.31. Seaport Global Securities also issued estimates for Stanley Black & Decker’s Q2 2018 earnings at $2.17 EPS, Q3 2018 earnings at $2.18 EPS, Q4 2018 earnings at $2.36 EPS, FY2018 earnings at $8.32 EPS and FY2019 earnings at $9.23 EPS.

Other analysts also recently issued research reports about the company. Zelman & Associates upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th. UBS AG reiterated a “buy” rating and set a $160.00 price target (up previously from $150.00) on shares of Stanley Black & Decker in a research report on Tuesday, July 25th. Zacks Investment Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $164.00 price target for the company in a research report on Thursday, July 27th. Northcoast Research initiated coverage on Stanley Black & Decker in a research report on Friday, October 20th. They set a “buy” rating and a $193.00 price target for the company. Finally, FBR & Co lifted their price target on Stanley Black & Decker from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $167.29.

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Shares of Stanley Black & Decker (NYSE SWK) traded up $0.12 on Thursday, hitting $162.97. The stock had a trading volume of 632,100 shares, compared to its average volume of 971,273. The company has a market cap of $24,973.33, a P/E ratio of 23.40, a PEG ratio of 2.12 and a beta of 1.02. The company has a current ratio of 1.26, a quick ratio of 0.69 and a debt-to-equity ratio of 0.53. Stanley Black & Decker has a 12-month low of $114.27 and a 12-month high of $168.25.

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, topping the consensus estimate of $1.87 by $0.08. The business had revenue of $3.30 billion during 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 firm’s revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.68 EPS.

A number of institutional investors have recently made changes to their positions in SWK. Fred Alger Management Inc. grew its position in shares of Stanley Black & Decker by 275.0% in the 2nd 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 during the last quarter. Pictet Asset Management Ltd. grew its position in shares of Stanley Black & Decker by 45.2% in 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 buying an additional 335,500 shares during the last quarter. Cornerstone Investment Partners LLC grew its position in shares of Stanley Black & Decker by 4,009.6% in the 2nd 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 during the last quarter. Vanguard Group Inc. grew its position in shares of Stanley Black & Decker by 2.6% in 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 buying an additional 287,124 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in shares of Stanley Black & Decker in the 2nd quarter worth approximately $34,675,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

In other Stanley Black & Decker news, insider John H. Wyatt sold 6,956 shares of Stanley Black & Decker stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $147.96, for a total value of $1,029,209.76. Following the transaction, the insider now directly owns 49,188 shares of the company’s stock, valued at approximately $7,277,856.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jocelyn Belisle sold 6,845 shares of Stanley Black & Decker stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $164.79, for a total value of $1,127,987.55. Following the completion of the transaction, the vice president now directly owns 21,449 shares in the company, valued at $3,534,580.71. The disclosure for this sale can be found here. Insiders sold a total of 110,167 shares of company stock worth $17,655,441 over the last ninety days. Insiders own 1.15% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Friday, December 1st will be paid a $0.63 dividend. The ex-dividend date is Thursday, November 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.55%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 31.82%.

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

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