Stanley Black & Decker Inc. (NYSE:SWK) – Equities researchers at Credit Agricole SA upped their FY2017 earnings estimates for Stanley Black & Decker in a report released on Wednesday. Credit Agricole SA analyst J. Capron now expects that the firm will earn $7.34 per share for the year, up from their previous forecast of $7.33.

Several other research firms also recently issued reports on SWK. Zacks Investment Research downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Argus restated a “hold” rating on shares of Stanley Black & Decker in a research report on Tuesday, July 26th. Longbow Research cut shares of Stanley Black & Decker from a “buy” rating to a “neutral” rating in a research report on Monday, August 22nd. Zelman & Associates cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Finally, Imperial Capital raised their price objective on shares of Stanley Black & Decker from $107.00 to $125.00 and gave the stock an “in-line” rating in a research report on Monday, July 25th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $117.45.

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

Stanley Black & Decker (NYSE:SWK) traded down 0.18% during mid-day trading on Thursday, hitting $120.83. 1,017,314 shares of the stock were exchanged. The stock’s 50 day moving average is $122.11 and its 200 day moving average is $115.99. The stock has a market cap of $18.18 billion, a PE ratio of 18.86 and a beta of 1.38. Stanley Black & Decker has a 52-week low of $88.72 and a 52-week high of $124.86.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Friday, July 22nd. The company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.12. Stanley Black & Decker had a net margin of 8.47% and a return on equity of 16.96%. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the firm posted $1.54 EPS. The business’s quarterly revenue was up 2.3% on a year-over-year basis.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Investors of record on Friday, September 2nd were paid a $0.58 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $2.32 dividend on an annualized basis and a yield of 1.92%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.55. Stanley Black & Decker’s payout ratio is currently 36.19%.

In other news, insider John H. Wyatt sold 12,750 shares of the business’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $122.69, for a total transaction of $1,564,297.50. Following the completion of the sale, the insider now owns 61,345 shares in the company, valued at approximately $7,526,418.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Steven J. Stafstrom sold 2,407 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $121.96, for a total transaction of $293,557.72. Following the sale, the vice president now owns 24,656 shares of the company’s stock, valued at approximately $3,007,045.76. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the company. Strategic Advisors LLC boosted its position in shares of Stanley Black & Decker by 0.4% in the second quarter. Strategic Advisors LLC now owns 2,885 shares of the company’s stock worth $321,000 after buying an additional 12 shares during the last quarter. CLS Investments LLC boosted its position in shares of Stanley Black & Decker by 1.4% in the second quarter. CLS Investments LLC now owns 2,255 shares of the company’s stock worth $251,000 after buying an additional 32 shares during the last quarter. Wetherby Asset Management Inc. boosted its position in shares of Stanley Black & Decker by 1.9% in the second quarter. Wetherby Asset Management Inc. now owns 2,066 shares of the company’s stock worth $230,000 after buying an additional 38 shares during the last quarter. Cleararc Capital Inc. boosted its position in shares of Stanley Black & Decker by 1.4% in the first quarter. Cleararc Capital Inc. now owns 3,728 shares of the company’s stock worth $392,000 after buying an additional 52 shares during the last quarter. Finally, BOKF NA boosted its position in shares of Stanley Black & Decker by 0.5% in the second quarter. BOKF NA now owns 11,216 shares of the company’s stock worth $1,247,000 after buying an additional 52 shares during the last quarter. Institutional investors and hedge funds own 83.96% of the company’s stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc is a provider of hand tools, power tools and related accessories, mechanical access solutions (automatic doors and commercial locking systems), electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

5 Day Chart for NYSE:SWK

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