Stanley Black & Decker, Inc. (NYSE:SWK) – Analysts at Gabelli dropped their FY2022 EPS estimates for Stanley Black & Decker in a research report issued on Friday. Gabelli analyst J. Bergner now expects that the industrial products company will post earnings of $12.25 per share for the year, down from their previous forecast of $12.30. Gabelli currently has a “Hold” rating on the stock.

Other equities analysts have also issued research reports about the stock. KeyCorp reiterated a “buy” rating and issued a $185.00 target price on shares of Stanley Black & Decker in a research report on Friday, November 17th. B. Riley reiterated a “buy” rating on shares of Stanley Black & Decker in a research report on Wednesday, November 1st. Zelman & Associates upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th. Northcoast Research initiated coverage on shares of Stanley Black & Decker in a research report on Friday, October 20th. They issued a “buy” rating and a $193.00 target price for the company. Finally, Nomura set a $180.00 target price on shares of Stanley Black & Decker and gave the company a “buy” rating in a research report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the stock. Stanley Black & Decker currently has an average rating of “Buy” and a consensus price target of $177.75.

Shares of Stanley Black & Decker (SWK) traded up $2.43 on Monday, reaching $159.50. 946,779 shares of the company were exchanged, compared to its average volume of 1,219,402. The company has a market cap of $24,235.70, a price-to-earnings ratio of 19.80, a PEG ratio of 1.84 and a beta of 0.97. The company has a quick ratio of 0.58, a current ratio of 1.05 and a debt-to-equity ratio of 0.34. Stanley Black & Decker has a 12-month low of $125.33 and a 12-month high of $176.62.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $2.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.14 by $0.04. Stanley Black & Decker had a net margin of 9.62% and a return on equity of 15.48%. The business had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter last year, the company earned $1.71 EPS. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year.

In other news, EVP Jeffrey D. Ansell sold 5,737 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $169.20, for a total transaction of $970,700.40. Following the completion of the transaction, the executive vice president now owns 57,480 shares in the company, valued at approximately $9,725,616. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.15% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Premia Global Advisors LLC acquired a new position in shares of Stanley Black & Decker in the fourth quarter worth about $229,000. Stone Ridge Asset Management LLC acquired a new position in shares of Stanley Black & Decker in the fourth quarter worth about $448,000. Jafra Capital Management LP acquired a new position in shares of Stanley Black & Decker in the fourth quarter worth about $1,753,000. Shellback Capital LP boosted its holdings in shares of Stanley Black & Decker by 40.0% in the fourth quarter. Shellback Capital LP now owns 70,000 shares of the industrial products company’s stock worth $11,878,000 after buying an additional 20,000 shares during the period. Finally, Fred Alger Management Inc. boosted its holdings in shares of Stanley Black & Decker by 10.5% in the fourth quarter. Fred Alger Management Inc. now owns 1,637,525 shares of the industrial products company’s stock worth $277,872,000 after buying an additional 155,382 shares during the period. Institutional investors own 84.01% of the company’s stock.

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Stanley Black & Decker Company Profile

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

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

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