Wall Street brokerages expect Stanley Black & Decker, Inc. (NYSE:SWK) to report $1.96 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Stanley Black & Decker’s earnings. The lowest EPS estimate is $1.95 and the highest is $1.99. Stanley Black & Decker posted earnings of $1.84 per share in the same quarter last year, which would indicate a positive year over year growth rate of 6.5%. The business is scheduled to announce its next quarterly earnings results before the market opens on Monday, July 24th.

According to Zacks, analysts expect that Stanley Black & Decker will report full-year earnings of $7.22 per share for the current year, with EPS estimates ranging from $7.16 to $7.29. For the next year, analysts anticipate that the business will report earnings of $8.07 per share, with EPS estimates ranging from $7.74 to $8.38. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Stanley Black & Decker.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Friday, April 21st. The industrial products company reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.10. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.76 billion. Stanley Black & Decker had a net margin of 10.13% and a return on equity of 15.47%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.28 EPS.

Several research analysts have commented on SWK shares. J P Morgan Chase & Co raised shares of Stanley Black & Decker from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $140.00 to $152.00 in a research note on Monday, April 24th. BidaskClub upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Instinet lifted their target price on Stanley Black & Decker from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, June 28th. Zacks Investment Research downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, Barclays PLC lifted their target price on Stanley Black & Decker from $144.00 to $146.00 and gave the stock an “overweight” rating in a research report on Monday, April 24th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $152.58.

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Stanley Black & Decker (NYSE:SWK) traded up 0.42% during midday trading on Friday, reaching $146.86. 374,926 shares of the company were exchanged. The company has a 50-day moving average of $138.88 and a 200 day moving average of $129.82. Stanley Black & Decker has a 52 week low of $111.89 and a 52 week high of $147.07. The firm has a market capitalization of $22.47 billion, a PE ratio of 18.75 and a beta of 1.10.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Wednesday, June 7th were issued a $0.58 dividend. The ex-dividend date was Monday, June 5th. This represents a $2.32 dividend on an annualized basis and a yield of 1.58%. Stanley Black & Decker’s dividend payout ratio is presently 29.67%.

In other news, SVP Jaime A. Ramirez sold 10,440 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $139.56, for a total transaction of $1,457,006.40. Following the sale, the senior vice president now owns 41,541 shares in the company, valued at $5,797,461.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeffrey D. Ansell sold 11,474 shares of the business’s stock in a transaction dated Friday, April 21st. The stock was sold at an average price of $135.61, for a total value of $1,555,989.14. Following the sale, the executive vice president now owns 61,504 shares in the company, valued at approximately $8,340,557.44. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of SWK. BlackRock Inc. raised its stake in shares of Stanley Black & Decker by 1,670.7% in the first quarter. BlackRock Inc. now owns 10,447,937 shares of the industrial products company’s stock worth $1,388,216,000 after buying an additional 9,857,885 shares in the last quarter. State Street Corp raised its stake in shares of Stanley Black & Decker by 3.2% in the first quarter. State Street Corp now owns 7,828,768 shares of the industrial products company’s stock worth $1,040,211,000 after buying an additional 244,854 shares in the last quarter. Boston Partners raised its stake in shares of Stanley Black & Decker by 9.7% in the first quarter. Boston Partners now owns 3,714,012 shares of the industrial products company’s stock worth $493,481,000 after buying an additional 329,259 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Stanley Black & Decker by 0.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,619,158 shares of the industrial products company’s stock worth $480,878,000 after buying an additional 15,721 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Stanley Black & Decker by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,193,176 shares of the industrial products company’s stock worth $291,398,000 after buying an additional 41,688 shares in the last quarter. Institutional investors and hedge funds own 83.60% of the company’s stock.

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

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