Brokerages expect Stanley Black & Decker, Inc. (NYSE:SWK) to post sales of $3.80 billion for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Stanley Black & Decker’s earnings, with the highest sales estimate coming in at $3.90 billion and the lowest estimate coming in at $3.72 billion. Stanley Black & Decker reported sales of $3.64 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.4%. The firm is expected to report its next earnings report on Friday, July 19th.

On average, analysts expect that Stanley Black & Decker will report full year sales of $14.71 billion for the current financial year, with estimates ranging from $14.57 billion to $14.83 billion. For the next financial year, analysts forecast that the company will post sales of $15.34 billion, with estimates ranging from $15.14 billion to $15.49 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Stanley Black & Decker.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Wednesday, April 24th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.32. Stanley Black & Decker had a return on equity of 17.01% and a net margin of 4.57%. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.30 billion. During the same period in the prior year, the company posted $1.39 EPS. Stanley Black & Decker’s quarterly revenue was up 3.9% on a year-over-year basis.

A number of equities analysts have issued reports on the company. Longbow Research raised Stanley Black & Decker from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a research report on Friday, March 22nd. Morgan Stanley upped their target price on Stanley Black & Decker from $149.00 to $162.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Barclays upped their target price on Stanley Black & Decker from $145.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Wells Fargo & Co upped their target price on Stanley Black & Decker from $148.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Finally, Zacks Investment Research raised Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a research report on Tuesday, April 30th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Stanley Black & Decker has an average rating of “Buy” and an average price target of $157.94.

Shares of SWK traded up $1.00 during trading on Friday, reaching $141.01. The company’s stock had a trading volume of 15,746 shares, compared to its average volume of 1,340,367. Stanley Black & Decker has a twelve month low of $106.41 and a twelve month high of $155.22. The firm has a market cap of $21.22 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 1.70 and a beta of 1.31. The company has a quick ratio of 0.43, a current ratio of 0.91 and a debt-to-equity ratio of 0.54.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $2.64 annualized dividend and a yield of 1.87%. Stanley Black & Decker’s dividend payout ratio is currently 32.39%.

In related news, CEO James M. Loree sold 56,699 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $145.14, for a total value of $8,229,292.86. Following the completion of the transaction, the chief executive officer now owns 88,854 shares in the company, valued at approximately $12,896,269.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jaime A. Ramirez sold 1,000 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $136.94, for a total value of $136,940.00. Following the completion of the transaction, the senior vice president now owns 38,356 shares of the company’s stock, valued at approximately $5,252,470.64. The disclosure for this sale can be found here. Insiders have sold 116,816 shares of company stock valued at $17,122,550 in the last ninety days. Company insiders own 1.03% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Phocas Financial Corp. purchased a new stake in shares of Stanley Black & Decker during the 4th quarter worth about $63,000. Norges Bank purchased a new stake in shares of Stanley Black & Decker during the 4th quarter worth about $164,721,000. Lindbrook Capital LLC purchased a new stake in shares of Stanley Black & Decker during the 4th quarter worth about $41,000. King Luther Capital Management Corp raised its holdings in Stanley Black & Decker by 3.1% during the first quarter. King Luther Capital Management Corp now owns 89,099 shares of the industrial products company’s stock worth $12,133,000 after acquiring an additional 2,665 shares in the last quarter. Finally, Comerica Bank raised its stake in Stanley Black & Decker by 1.9% in the fourth quarter. Comerica Bank now owns 33,916 shares of the industrial products company’s stock valued at $4,183,000 after buying an additional 619 shares during the period. Institutional investors and hedge funds own 86.42% of the company’s stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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

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