Stanley Black & Decker (NYSE:SWK) Posts Quarterly Earnings Results, Beats Expectations By $0.40 EPS

Stanley Black & Decker (NYSE:SWKGet Rating) issued its quarterly earnings results on Thursday. The industrial products company reported $2.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.70 by $0.40, MarketWatch Earnings reports. The business had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.62 billion. Stanley Black & Decker had a net margin of 10.04% and a return on equity of 17.27%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.13 EPS.

NYSE:SWK opened at $127.13 on Friday. Stanley Black & Decker has a 1 year low of $125.20 and a 1 year high of $225.00. The firm’s fifty day simple moving average is $146.80 and its 200 day simple moving average is $170.24. The company has a current ratio of 0.97, a quick ratio of 0.35 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $20.77 billion, a PE ratio of 12.29, a PEG ratio of 1.32 and a beta of 1.37.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 21st. Investors of record on Tuesday, June 7th will be paid a $0.79 dividend. The ex-dividend date is Monday, June 6th. This represents a $3.16 dividend on an annualized basis and a yield of 2.49%. Stanley Black & Decker’s payout ratio is presently 30.56%.

In other Stanley Black & Decker news, CAO Jocelyn Belisle sold 3,244 shares of the stock in a transaction on Monday, March 7th. The shares were sold at an average price of $157.71, for a total value of $511,611.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Stephen Subasic sold 6,611 shares of the stock in a transaction on Friday, February 25th. The shares were sold at an average price of $155.91, for a total transaction of $1,030,721.01. The disclosure for this sale can be found here. Company insiders own 0.93% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC lifted its holdings in shares of Stanley Black & Decker by 7.5% during the 4th quarter. Parametric Portfolio Associates LLC now owns 773,667 shares of the industrial products company’s stock worth $145,929,000 after acquiring an additional 53,878 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Stanley Black & Decker by 2.1% during the 4th quarter. California State Teachers Retirement System now owns 288,478 shares of the industrial products company’s stock worth $54,413,000 after acquiring an additional 6,029 shares during the period. Stifel Financial Corp lifted its holdings in shares of Stanley Black & Decker by 3.3% during the 4th quarter. Stifel Financial Corp now owns 79,642 shares of the industrial products company’s stock worth $15,023,000 after acquiring an additional 2,566 shares during the period. Sei Investments Co. lifted its holdings in shares of Stanley Black & Decker by 45.9% during the 4th quarter. Sei Investments Co. now owns 34,324 shares of the industrial products company’s stock worth $6,472,000 after acquiring an additional 10,803 shares during the period. Finally, Allstate Corp lifted its holdings in shares of Stanley Black & Decker by 489.1% during the 4th quarter. Allstate Corp now owns 17,473 shares of the industrial products company’s stock worth $3,296,000 after acquiring an additional 14,507 shares during the period. 86.43% of the stock is owned by institutional investors.

Several research firms have weighed in on SWK. Robert W. Baird dropped their price objective on shares of Stanley Black & Decker from $230.00 to $188.00 in a research note on Monday. Zacks Investment Research upgraded shares of Stanley Black & Decker from a “sell” rating to a “hold” rating and set a $198.00 price objective on the stock in a research note on Monday, January 3rd. Barclays dropped their price objective on shares of Stanley Black & Decker from $220.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, April 4th. Citigroup dropped their price objective on shares of Stanley Black & Decker from $145.00 to $110.00 in a research note on Friday. Finally, Mizuho lowered shares of Stanley Black & Decker from a “buy” rating to a “neutral” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $176.62.

Stanley Black & Decker Company Profile (Get Rating)

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

See Also

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

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