$3.60 Billion in Sales Expected for Stanley Black & Decker, Inc. (SWK) This Quarter

Equities research analysts forecast that Stanley Black & Decker, Inc. (NYSE:SWK) will report $3.60 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Stanley Black & Decker’s earnings. The highest sales estimate is $3.65 billion and the lowest is $3.55 billion. Stanley Black & Decker posted sales of $3.30 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 9.1%. The firm is scheduled to announce its next earnings report on Tuesday, October 23rd.

On average, analysts expect that Stanley Black & Decker will report full year sales of $14.21 billion for the current fiscal year, with estimates ranging from $14.06 billion to $14.38 billion. For the next financial year, analysts forecast that the company will report sales of $15.10 billion per share, with estimates ranging from $14.69 billion to $15.43 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Stanley Black & Decker.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Friday, July 20th. The industrial products company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.54. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.48 billion. Stanley Black & Decker had a return on equity of 16.54% and a net margin of 7.52%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the company earned $0.58 EPS.

SWK has been the topic of a number of research reports. Morgan Stanley dropped their price target on Stanley Black & Decker from $162.00 to $161.00 and set a “$138.69” rating on the stock in a research note on Monday, July 23rd. JPMorgan Chase & Co. raised their price target on Stanley Black & Decker from $172.00 to $176.00 and gave the stock a “$138.69” rating in a research note on Monday, July 23rd. Barclays raised their price target on Stanley Black & Decker from $164.00 to $166.00 and gave the stock a “$138.69” rating in a research note on Monday, July 23rd. Zacks Investment Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a research note on Saturday, July 7th. Finally, B. Riley restated a “buy” rating on shares of Stanley Black & Decker in a research note on Thursday, June 7th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $179.27.

In other Stanley Black & Decker news, VP Jocelyn Belisle sold 1,185 shares of Stanley Black & Decker stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $139.04, for a total value of $164,762.40. Following the transaction, the vice president now directly owns 12,766 shares in the company, valued at approximately $1,774,984.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.69% of the company’s stock.

Several hedge funds have recently made changes to their positions in SWK. TLP Group LLC boosted its stake in shares of Stanley Black & Decker by 32.8% in the first quarter. TLP Group LLC now owns 1,485 shares of the industrial products company’s stock valued at $228,000 after buying an additional 367 shares in the last quarter. IBM Retirement Fund boosted its stake in shares of Stanley Black & Decker by 11.9% in the first quarter. IBM Retirement Fund now owns 4,190 shares of the industrial products company’s stock valued at $642,000 after buying an additional 445 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in shares of Stanley Black & Decker by 10.7% in the first quarter. IFM Investors Pty Ltd now owns 4,745 shares of the industrial products company’s stock valued at $727,000 after buying an additional 458 shares in the last quarter. Altavista Wealth Management Inc. boosted its stake in shares of Stanley Black & Decker by 3.4% in the first quarter. Altavista Wealth Management Inc. now owns 14,216 shares of the industrial products company’s stock valued at $2,178,000 after buying an additional 464 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Stanley Black & Decker by 22.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 2,527 shares of the industrial products company’s stock valued at $336,000 after buying an additional 464 shares in the last quarter. Institutional investors own 83.70% of the company’s stock.

NYSE:SWK opened at $148.34 on Friday. The company has a market cap of $22.32 billion, a P/E ratio of 18.03, a PEG ratio of 1.72 and a beta of 1.00. The company has a current ratio of 0.94, a quick ratio of 0.51 and a debt-to-equity ratio of 0.38. Stanley Black & Decker has a 52-week low of $130.56 and a 52-week high of $176.62.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 18th. Shareholders of record on Friday, September 7th will be paid a $0.66 dividend. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.63. This represents a $2.64 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Thursday, September 6th. Stanley Black & Decker’s dividend payout ratio (DPR) is 35.44%.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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