$4.77 Billion in Sales Expected for Stanley Black & Decker, Inc. (NYSE:SWK) This Quarter

Equities analysts forecast that Stanley Black & Decker, Inc. (NYSE:SWKGet Rating) will post $4.77 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Stanley Black & Decker’s earnings, with estimates ranging from $4.67 billion to $4.91 billion. Stanley Black & Decker posted sales of $4.30 billion during the same quarter last year, which would indicate a positive year over year growth rate of 10.9%. The company is expected to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Stanley Black & Decker will report full year sales of $19.19 billion for the current year, with estimates ranging from $19.00 billion to $19.45 billion. For the next fiscal year, analysts anticipate that the business will post sales of $19.89 billion, with estimates ranging from $19.02 billion to $20.35 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Stanley Black & Decker.

Stanley Black & Decker (NYSE:SWKGet Rating) last released its quarterly earnings results on Thursday, April 28th. The industrial products company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.42. The company had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.62 billion. Stanley Black & Decker had a return on equity of 16.16% and a net margin of 8.07%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.13 EPS.

Several analysts have recently issued reports on SWK shares. StockNews.com upgraded Stanley Black & Decker from a “sell” rating to a “hold” rating in a research note on Thursday, May 12th. Citigroup cut their price objective on Stanley Black & Decker from $145.00 to $110.00 in a research report on Friday, April 29th. Deutsche Bank Aktiengesellschaft cut their price objective on Stanley Black & Decker from $183.00 to $158.00 in a research report on Friday, April 29th. Bank of America cut their price objective on Stanley Black & Decker from $165.00 to $140.00 and set an “underperform” rating for the company in a research report on Wednesday, March 9th. Finally, Robert W. Baird cut their price objective on Stanley Black & Decker from $230.00 to $188.00 in a research report on Monday, April 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Stanley Black & Decker has a consensus rating of “Hold” and an average price target of $170.69.

SWK opened at $118.60 on Thursday. The company has a market cap of $17.90 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 1.28 and a beta of 1.37. The stock has a 50-day moving average of $133.76 and a 200-day moving average of $161.97. Stanley Black & Decker has a 52-week low of $112.38 and a 52-week high of $219.59. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.32 and a current ratio of 0.89.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 21st. Stockholders 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 annualized dividend and a dividend yield of 2.66%. Stanley Black & Decker’s dividend payout ratio is currently 37.53%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC grew its position in Stanley Black & Decker by 6.9% during the 4th quarter. Signaturefd LLC now owns 915 shares of the industrial products company’s stock worth $173,000 after acquiring an additional 59 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co grew its position in Stanley Black & Decker by 3.6% during the 4th quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,720 shares of the industrial products company’s stock worth $324,000 after acquiring an additional 60 shares during the last quarter. MML Investors Services LLC grew its position in Stanley Black & Decker by 0.6% during the 4th quarter. MML Investors Services LLC now owns 11,229 shares of the industrial products company’s stock worth $2,118,000 after acquiring an additional 62 shares during the last quarter. Arete Wealth Advisors LLC grew its position in Stanley Black & Decker by 1.8% during the 4th quarter. Arete Wealth Advisors LLC now owns 3,600 shares of the industrial products company’s stock worth $672,000 after acquiring an additional 65 shares during the last quarter. Finally, Commerce Bank grew its position in Stanley Black & Decker by 0.6% during the 4th quarter. Commerce Bank now owns 10,751 shares of the industrial products company’s stock worth $2,028,000 after acquiring an additional 69 shares during the last quarter. Institutional investors and hedge funds own 88.60% of the company’s stock.

About Stanley Black & Decker (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.

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