Stanley Black & Decker Inc. (NYSE:SWK) – Equities research analysts at Credit Agricole SA reduced their FY2016 earnings estimates for shares of Stanley Black & Decker in a research report issued on Wednesday. Credit Agricole SA analyst J. Capron now forecasts that the firm will earn $6.56 per share for the year, down from their prior forecast of $6.57. Credit Agricole SA also issued estimates for Stanley Black & Decker’s FY2018 earnings at $8.19 EPS.

A number of other analysts have also recently weighed in on the company. Zacks Investment Research cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Friday. Longbow Research cut Stanley Black & Decker from a “buy” rating to a “neutral” rating in a research report on Monday, August 22nd. Argus reiterated a “hold” rating on shares of Stanley Black & Decker in a research report on Tuesday, July 26th. Zelman & Associates cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Finally, Imperial Capital increased their price target on 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. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $117.45.

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

Stanley Black & Decker (NYSE:SWK) opened at 121.23 on Friday. The firm has a market capitalization of $18.24 billion, a PE ratio of 18.93 and a beta of 1.38. The company’s 50-day moving average price is $122.07 and its 200 day moving average price is $116.15. Stanley Black & Decker has a one year low of $88.72 and a one year high of $124.86.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 20th. Stockholders of record on Friday, September 2nd were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Wednesday, August 31st. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.55. Stanley Black & Decker’s dividend payout ratio is 36.19%.

In other news, insider John H. Wyatt sold 12,750 shares of the stock in a transaction on Thursday, September 8th. The stock was 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 is available through this hyperlink. Also, VP Steven J. Stafstrom sold 2,407 shares of the stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $121.96, for a total value 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. Insiders own 1.80% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Strategic Advisors LLC increased its stake 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 period. CLS Investments LLC increased its stake 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 period. Wetherby Asset Management Inc. increased its stake 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 period. Cleararc Capital Inc. increased its stake 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 period. Finally, BOKF NA increased its stake 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 period. Institutional investors 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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