Stanley Black & Decker, Inc. (NYSE:SWK) – KeyCorp issued their Q2 2019 earnings per share (EPS) estimates for shares of Stanley Black & Decker in a note issued to investors on Tuesday, January 22nd, Zacks Investment Research reports. KeyCorp analyst K. Zener expects that the industrial products company will post earnings per share of $2.49 for the quarter. KeyCorp currently has a “Buy” rating and a $170.00 target price on the stock. KeyCorp also issued estimates for Stanley Black & Decker’s Q3 2019 earnings at $2.52 EPS, Q4 2019 earnings at $2.39 EPS, FY2019 earnings at $8.55 EPS and FY2020 earnings at $9.58 EPS.
Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Tuesday, January 22nd. The industrial products company reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.01. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.62 billion. Stanley Black & Decker had a return on equity of 16.29% and a net margin of 4.62%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.18 earnings per share.
A number of other equities research analysts also recently weighed in on SWK. Gabelli raised Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a report on Monday, October 22nd. Credit Suisse Group set a $135.00 target price on Stanley Black & Decker and gave the stock a “buy” rating in a report on Friday, October 26th. Barclays reduced their target price on Stanley Black & Decker from $166.00 to $152.00 and set an “overweight” rating on the stock in a report on Friday, October 26th. Wells Fargo & Co reduced their target price on Stanley Black & Decker from $162.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, October 26th. Finally, Nomura reduced their target price on Stanley Black & Decker from $188.00 to $169.00 and set a “buy” rating on the stock in a report on Friday, October 26th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Stanley Black & Decker presently has an average rating of “Buy” and an average price target of $156.53.
NYSE SWK traded up $3.31 during trading on Thursday, reaching $136.39. 998,461 shares of the company traded hands, compared to its average volume of 1,715,614. The company has a current ratio of 1.16, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $20.60 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 1.65 and a beta of 1.24. Stanley Black & Decker has a 1-year low of $106.41 and a 1-year high of $164.94.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 19th. Shareholders of record on Tuesday, March 5th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Monday, March 4th. Stanley Black & Decker’s payout ratio is 32.39%.
In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 600 shares of the company’s stock in a transaction on Thursday, January 24th. The shares were sold at an average price of $118.69, for a total transaction of $71,214.00. Following the completion of the sale, the senior vice president now owns 35,048 shares in the company, valued at approximately $4,159,847.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.69% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in shares of Stanley Black & Decker by 294.1% in the 2nd quarter. FMR LLC now owns 265,563 shares of the industrial products company’s stock worth $35,270,000 after acquiring an additional 198,170 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of Stanley Black & Decker by 51.4% in the 2nd quarter. Schroder Investment Management Group now owns 36,626 shares of the industrial products company’s stock worth $4,919,000 after acquiring an additional 12,430 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Stanley Black & Decker by 20.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 23,716 shares of the industrial products company’s stock worth $3,150,000 after acquiring an additional 4,051 shares in the last quarter. Old Port Advisors acquired a new position in shares of Stanley Black & Decker in the 2nd quarter worth approximately $268,000. Finally, Fulton Bank N.A. boosted its holdings in shares of Stanley Black & Decker by 9.1% in the 3rd quarter. Fulton Bank N.A. now owns 5,032 shares of the industrial products company’s stock worth $737,000 after acquiring an additional 418 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.
Stanley Black & Decker Company Profile
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.