Analysts expect Stanley Black & Decker, Inc. (NYSE:SWK) to report earnings per share of $2.02 for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Stanley Black & Decker’s earnings, with estimates ranging from $1.98 to $2.04. Stanley Black & Decker reported earnings per share of $1.95 during the same quarter last year, which would suggest a positive year over year growth rate of 3.6%. The company is expected to report its next earnings results on Tuesday, October 23rd.

On average, analysts expect that Stanley Black & Decker will report full-year earnings of $8.39 per share for the current financial year, with EPS estimates ranging from $8.25 to $8.46. For the next year, analysts expect that the company will post earnings of $9.41 per share, with EPS estimates ranging from $9.15 to $9.70. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Stanley Black & Decker.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Friday, July 20th. The industrial products company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.54. Stanley Black & Decker had a return on equity of 16.54% and a net margin of 7.52%. The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period last year, the company earned $0.58 earnings per share. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year.

SWK has been the subject of several research analyst reports. Wells Fargo & Co decreased their target price on Stanley Black & Decker from $194.00 to $168.00 and set an “outperform” rating for the company in a research report on Tuesday, July 17th. UBS Group decreased their target price on Stanley Black & Decker from $195.00 to $190.00 and set a “buy” rating for the company in a research report on Thursday, August 30th. Morgan Stanley decreased their target price on Stanley Black & Decker from $162.00 to $161.00 and set a “$138.69” rating for the company in a research report on Monday, July 23rd. ValuEngine upgraded Stanley Black & Decker from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. Finally, B. Riley reiterated a “buy” rating on shares of Stanley Black & Decker in a research report on Thursday, June 7th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $179.27.

Shares of NYSE:SWK traded up $0.98 on Friday, hitting $148.34. 1,586,700 shares of the company’s stock were exchanged, compared to its average volume of 1,276,354. Stanley Black & Decker has a 12 month low of $130.56 and a 12 month high of $176.62. The company has a market cap of $22.32 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 1.72 and a beta of 1.00. The company has a current ratio of 0.94, a quick ratio of 0.51 and a debt-to-equity ratio of 0.38.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 18th. Investors of record on Friday, September 7th will be issued a $0.66 dividend. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.63. This represents a $2.64 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Thursday, September 6th. Stanley Black & Decker’s payout ratio is presently 35.44%.

In related news, VP Jocelyn Belisle sold 1,185 shares of Stanley Black & Decker stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $139.04, for a total value of $164,762.40. Following the completion of the sale, the vice president now directly owns 12,766 shares in the company, valued at $1,774,984.64. The transaction 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 hedge funds have recently added to or reduced their stakes in SWK. Summit Trail Advisors LLC raised its holdings in shares of Stanley Black & Decker by 12,769.7% in the first quarter. Summit Trail Advisors LLC now owns 2,109,726 shares of the industrial products company’s stock valued at $2,110,000 after acquiring an additional 2,093,333 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Stanley Black & Decker by 25.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,776,877 shares of the industrial products company’s stock valued at $634,418,000 after acquiring an additional 974,556 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Stanley Black & Decker by 71.4% in the second quarter. Janus Henderson Group PLC now owns 1,818,994 shares of the industrial products company’s stock valued at $241,581,000 after acquiring an additional 758,031 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Stanley Black & Decker in the first quarter valued at about $81,270,000. Finally, Artisan Partners Limited Partnership raised its holdings in shares of Stanley Black & Decker by 113.0% in the first quarter. Artisan Partners Limited Partnership now owns 984,774 shares of the industrial products company’s stock valued at $150,867,000 after acquiring an additional 522,495 shares in the last quarter. Hedge funds and other institutional investors own 83.70% of the company’s stock.

About Stanley Black & Decker

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.

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