Equities research analysts expect Stanley Black & Decker, Inc. (NYSE:SWK) to post sales of $3.62 billion for the current quarter, Zacks reports. Seven analysts have made estimates for Stanley Black & Decker’s earnings, with the highest sales estimate coming in at $3.66 billion and the lowest estimate coming in at $3.53 billion. Stanley Black & Decker posted sales of $3.41 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.2%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, January 23rd.

On average, analysts expect that Stanley Black & Decker will report full-year sales of $13.99 billion for the current year, with estimates ranging from $13.88 billion to $14.11 billion. For the next financial year, analysts expect that the company will post sales of $14.80 billion, with estimates ranging from $14.40 billion to $15.03 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Stanley Black & Decker.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Thursday, October 25th. The industrial products company reported $2.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.04 by $0.04. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Stanley Black & Decker had a net margin of 7.22% and a return on equity of 16.71%.

SWK has been the subject of several recent research reports. Morgan Stanley initiated coverage on shares of Stanley Black & Decker in a report on Monday, August 20th. They set an “overweight” rating and a $164.00 target price for the company. UBS Group reduced their target price on shares of Stanley Black & Decker from $195.00 to $190.00 and set a “buy” rating for the company in a report on Thursday, August 30th. Macquarie reduced their target price on shares of Stanley Black & Decker from $180.00 to $175.00 and set an “outperform” rating for the company in a report on Thursday, September 6th. Credit Suisse Group initiated coverage on shares of Stanley Black & Decker in a report on Monday, September 17th. They set an “outperform” rating and a $170.00 target price for the company. Finally, ValuEngine cut shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a report on Monday, October 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the stock. Stanley Black & Decker presently has an average rating of “Buy” and a consensus price target of $163.29.

In other news, Director Michael David Hankin purchased 907 shares of the company’s stock in a transaction on Monday, October 29th. The shares were purchased at an average cost of $112.93 per share, with a total value of $102,427.51. Following the completion of the transaction, the director now owns 2,157 shares of the company’s stock, valued at approximately $243,590.01. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Jaime A. Ramirez sold 8,251 shares of the company’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $111.29, for a total transaction of $918,253.79. Following the sale, the senior vice president now directly owns 36,566 shares in the company, valued at $4,069,430.14. The disclosure for this sale can be found here. Corporate insiders own 0.69% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of SWK. Capital Research Global Investors bought a new stake in Stanley Black & Decker during the third quarter worth $589,253,000. JPMorgan Chase & Co. raised its position in Stanley Black & Decker by 17.0% during the third quarter. JPMorgan Chase & Co. now owns 12,566,744 shares of the industrial products company’s stock worth $1,840,276,000 after acquiring an additional 1,822,466 shares in the last quarter. Janus Henderson Group PLC raised its position in Stanley Black & Decker by 71.4% during the second quarter. Janus Henderson Group PLC now owns 1,818,994 shares of the industrial products company’s stock worth $241,581,000 after acquiring an additional 758,031 shares in the last quarter. Cornerstone Wealth Management LLC raised its position in Stanley Black & Decker by 1,196.2% during the third quarter. Cornerstone Wealth Management LLC now owns 664,439 shares of the industrial products company’s stock worth $4,241,000 after acquiring an additional 613,177 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Stanley Black & Decker by 12.8% during the third quarter. Wells Fargo & Company MN now owns 4,841,927 shares of the industrial products company’s stock worth $709,052,000 after acquiring an additional 548,025 shares in the last quarter. 86.43% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker stock opened at $126.52 on Friday. The company has a market capitalization of $19.09 billion, a PE ratio of 16.98, a P/E/G ratio of 1.66 and a beta of 1.35. Stanley Black & Decker has a twelve month low of $106.41 and a twelve month high of $176.62. The company has a quick ratio of 0.48, a current ratio of 0.92 and a debt-to-equity ratio of 0.39.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Friday, November 30th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 2.09%. The ex-dividend date is Thursday, November 29th. Stanley Black & Decker’s payout ratio is 35.44%.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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