Gabelli Weighs in on Stanley Black & Decker, Inc.’s FY2022 Earnings (SWK)

Stanley Black & Decker, Inc. (NYSE:SWK) – Stock analysts at Gabelli cut their FY2022 EPS estimates for Stanley Black & Decker in a report released on Friday. Gabelli analyst J. Bergner now anticipates that the industrial products company will earn $12.25 per share for the year, down from their previous estimate of $12.30. Gabelli currently has a “Hold” rating on the stock.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, January 24th. The industrial products company reported $2.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.14 by $0.04. The firm had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.27 billion. Stanley Black & Decker had a net margin of 9.62% and a return on equity of 15.48%. The company’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.71 earnings per share.

Other research analysts have also recently issued reports about the stock. KeyCorp reiterated a “buy” rating and issued a $185.00 target price on shares of Stanley Black & Decker in a research note on Friday, November 17th. B. Riley restated a “buy” rating on shares of Stanley Black & Decker in a research note on Wednesday, November 1st. Nomura set a $180.00 price target on shares of Stanley Black & Decker and gave the company a “buy” rating in a research note on Wednesday, October 25th. Zelman & Associates upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. Finally, FBR & Co upped their price target on shares of Stanley Black & Decker from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $177.75.

Stanley Black & Decker (NYSE:SWK) opened at $155.66 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.05 and a quick ratio of 0.58. The firm has a market cap of $23,650.00, a PE ratio of 19.16, a price-to-earnings-growth ratio of 1.80 and a beta of 0.97. Stanley Black & Decker has a 52 week low of $124.55 and a 52 week high of $176.62.

In other Stanley Black & Decker news, EVP Jeffrey D. Ansell sold 5,737 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $169.20, for a total value of $970,700.40. Following the sale, the executive vice president now directly owns 57,480 shares in the company, valued at approximately $9,725,616. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.15% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. SeaCrest Wealth Management LLC purchased a new stake in Stanley Black & Decker in the 4th quarter worth approximately $123,000. Rowland & Co. Investment Counsel ADV purchased a new stake in Stanley Black & Decker in the 4th quarter worth approximately $145,000. Bank of Nova Scotia Trust Co. purchased a new stake in Stanley Black & Decker in the 3rd quarter worth approximately $141,000. Thompson Davis & CO. Inc. lifted its stake in Stanley Black & Decker by 108.8% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,023 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 533 shares in the last quarter. Finally, Resources Investment Advisors Inc. lifted its stake in Stanley Black & Decker by 694.2% in the 4th quarter. Resources Investment Advisors Inc. now owns 1,088 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 951 shares in the last quarter. Institutional investors and hedge funds own 84.01% of the company’s stock.

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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.

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

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