KeyCorp Comments on Stanley Black & Decker, Inc.’s FY2017 Earnings (SWK)

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

Several other equities research analysts also recently weighed in on SWK. 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. Morgan Stanley raised Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and set a $169.00 price target for the company in a report on Monday, October 2nd. Wells Fargo & Co reaffirmed an “outperform” rating and set a $175.00 price target (up from $165.00) on shares of Stanley Black & Decker in a report on Wednesday, October 18th. Zelman & Associates raised Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $150.00 price target on shares of Stanley Black & Decker in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $169.19.

Stanley Black & Decker (NYSE SWK) traded up $0.89 during mid-day trading on Thursday, hitting $173.42. The stock had a trading volume of 590,849 shares, compared to its average volume of 850,562. 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 has a 1-year low of $116.63 and a 1-year high of $174.87. The firm has a market capitalization of $26,590.00, a P/E ratio of 21.90, a P/E/G ratio of 2.01 and a beta of 1.04.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, beating the Thomson Reuters’ 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 company’s revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.68 earnings per share.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 19th. Shareholders of record on Friday, December 1st were given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, November 30th. Stanley Black & Decker’s payout ratio is 31.82%.

In other Stanley Black & Decker news, VP Jocelyn Belisle sold 6,845 shares of the stock in a transaction 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 owns 21,449 shares in the company, valued at $3,534,580.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Joseph R. Voelker sold 4,182 shares of the firm’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $162.91, for a total value of $681,289.62. Following the completion of the transaction, the senior vice president now owns 17,253 shares of the company’s stock, valued at approximately $2,810,686.23. The disclosure for this sale can be found here. Insiders sold 128,606 shares of company stock valued at $20,938,546 in the last quarter. 1.15% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Scotia Capital Inc. increased its position in shares of Stanley Black & Decker by 0.4% in the second quarter. Scotia Capital Inc. now owns 9,655 shares of the industrial products company’s stock valued at $1,359,000 after buying an additional 38 shares in the last quarter. Twin Tree Management LP increased its position in shares of Stanley Black & Decker by 2.1% in the second quarter. Twin Tree Management LP now owns 2,118 shares of the industrial products company’s stock valued at $298,000 after buying an additional 43 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Stanley Black & Decker by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,365 shares of the industrial products company’s stock valued at $1,599,000 after buying an additional 47 shares in the last quarter. Penserra Capital Management LLC increased its position in shares of Stanley Black & Decker by 3.1% in the second quarter. Penserra Capital Management LLC now owns 1,612 shares of the industrial products company’s stock valued at $226,000 after buying an additional 48 shares in the last quarter. Finally, Cadence Capital Management LLC increased its position in shares of Stanley Black & Decker by 1.7% in the second quarter. Cadence Capital Management LLC now owns 4,647 shares of the industrial products company’s stock valued at $654,000 after buying an additional 77 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

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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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