Stanley Black & Decker, Inc. (SWK) Releases FY17 Earnings Guidance
Stanley Black & Decker, Inc. (NYSE:SWK) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $7.33-7.43 for the period, compared to the Thomson Reuters consensus estimate of $7.31.
A number of brokerages have recently issued reports on SWK. MKM Partners began coverage on Stanley Black & Decker in a research report on Friday, July 7th. They set a buy rating and a $166.00 price target for the company. FBR & Co reiterated an outperform rating on shares of Stanley Black & Decker in a research report on Tuesday, July 11th. Zacks Investment Research downgraded Stanley Black & Decker from a buy rating to a hold rating in a research report on Monday, July 31st. Morgan Stanley lifted their price target on Stanley Black & Decker from $150.00 to $154.00 and gave the company an equal weight rating in a research report on Thursday, August 10th. Finally, BidaskClub downgraded Stanley Black & Decker from a hold rating to a sell rating in a research report on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company. The company currently has an average rating of Buy and an average price target of $160.25.
Stanley Black & Decker, Inc. (SWK) opened at 158.19 on Tuesday. The stock has a market capitalization of $24.23 billion, a PE ratio of 20.26 and a beta of 1.06. Stanley Black & Decker, Inc. has a 52 week low of $111.89 and a 52 week high of $160.19. The firm has a 50-day moving average price of $152.30 and a 200-day moving average price of $142.63.
Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.08. Stanley Black & Decker had a return on equity of 15.36% and a net margin of 9.92%. The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period in the prior year, the company earned $1.68 earnings per share. The firm’s revenue was up 14.5% on a year-over-year basis. Equities research analysts predict that Stanley Black & Decker, Inc. will post $7.31 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Friday, December 1st will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Thursday, November 30th. Stanley Black & Decker’s payout ratio is presently 32.31%.
In other news, insider John H. Wyatt sold 6,956 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $147.96, for a total value of $1,029,209.76. Following the completion of the sale, the insider now directly owns 49,188 shares of the company’s stock, valued at approximately $7,277,856.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joseph R. Voelker sold 10,432 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $150.15, for a total value of $1,566,364.80. Following the completion of the sale, the senior vice president now directly owns 25,810 shares of the company’s stock, valued at $3,875,371.50. The disclosure for this sale can be found here. 1.15% of the stock is owned by company insiders.
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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.
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