Stanley Black & Decker, Inc. (NYSE:SWK) – Seaport Global Securities increased their Q3 2018 EPS estimates for Stanley Black & Decker in a research note issued to investors on Wednesday. Seaport Global Securities analyst M. Shlisky now expects that the industrial products company will post earnings of $2.01 per share for the quarter, up from their previous forecast of $1.99.

Several other analysts have also recently commented on the stock. Northcoast Research assumed coverage on shares of Stanley Black & Decker in a research note on Friday. They issued a “buy” rating and a $193.00 target price for the company. Robert W. Baird restated a “hold” rating and issued a $150.00 target price on shares of Stanley Black & Decker in a research note on Friday. Zelman & Associates upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Wednesday. Wells Fargo & Co restated an “outperform” rating and issued a $175.00 target price (up previously from $165.00) on shares of Stanley Black & Decker in a research note on Wednesday. Finally, KeyCorp raised their target price on shares of Stanley Black & Decker from $160.00 to $185.00 and gave the stock a “hold” rating in a research note on Friday, October 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Stanley Black & Decker presently has a consensus rating of “Buy” and an average target price of $160.25.

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Stanley Black & Decker (NYSE SWK) traded up 1.88% on Friday, hitting $160.12. The stock had a trading volume of 1,070,751 shares. Stanley Black & Decker has a 52-week low of $111.89 and a 52-week high of $160.15. The firm has a market cap of $24.52 billion, a price-to-earnings ratio of 20.50 and a beta of 1.06. The company’s 50 day moving average price is $151.40 and its 200 day moving average price is $142.09.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Monday, July 24th. The industrial products company reported $2.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.05. The firm had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.18 billion. Stanley Black & Decker had a return on equity of 15.36% and a net margin of 9.92%. The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.84 earnings per share.

A number of large investors have recently bought and sold shares of SWK. Royce & Associates LP increased its holdings in Stanley Black & Decker by 32.6% during the 1st quarter. Royce & Associates LP now owns 29,300 shares of the industrial products company’s stock valued at $3,893,000 after acquiring an additional 7,200 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Stanley Black & Decker by 0.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,619,158 shares of the industrial products company’s stock valued at $480,878,000 after acquiring an additional 15,721 shares in the last quarter. Cleararc Capital Inc. increased its holdings in Stanley Black & Decker by 2.7% during the 1st quarter. Cleararc Capital Inc. now owns 3,746 shares of the industrial products company’s stock valued at $498,000 after acquiring an additional 98 shares in the last quarter. Koch Industries Inc. purchased a new position in Stanley Black & Decker during the 1st quarter valued at about $298,000. Finally, Foresters Investment Management Company Inc. increased its holdings in Stanley Black & Decker by 20.9% during the 1st quarter. Foresters Investment Management Company Inc. now owns 124,075 shares of the industrial products company’s stock valued at $16,486,000 after acquiring an additional 21,475 shares in the last quarter. Hedge funds and other institutional investors own 83.61% of the company’s stock.

In other Stanley Black & Decker news, SVP Joseph R. Voelker sold 10,432 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $150.15, for a total transaction of $1,566,364.80. Following the completion of the transaction, the senior vice president now directly owns 25,810 shares in the company, valued at approximately $3,875,371.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John H. Wyatt sold 6,956 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $147.96, for a total transaction of $1,029,209.76. Following the transaction, the insider now owns 49,188 shares of the company’s stock, valued at $7,277,856.48. The disclosure for this sale can be found here. Company insiders own 1.15% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.63 per share. The ex-dividend date is Thursday, November 30th. This represents a $2.52 annualized dividend and a yield of 1.57%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 32.31%.

About Stanley Black & Decker

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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