Northcoast Research Analysts Lower Earnings Estimates for Stanley Black & Decker, Inc. (SWK)

Share on StockTwits

Stanley Black & Decker, Inc. (NYSE:SWK) – Northcoast Research decreased their FY2018 EPS estimates for shares of Stanley Black & Decker in a research note issued to investors on Monday, October 29th. Northcoast Research analyst T. Hayes now expects that the industrial products company will post earnings per share of $8.16 for the year, down from their previous estimate of $8.42. Northcoast Research also issued estimates for Stanley Black & Decker’s Q1 2019 earnings at $1.82 EPS and Q2 2019 earnings at $2.54 EPS.

Several other research analysts have also commented on SWK. Zacks Investment Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $148.00 target price for the company in a research report on Saturday, July 7th. Barclays decreased their target price on Stanley Black & Decker from $181.00 to $164.00 and set an “overweight” rating for the company in a research report on Monday, July 9th. 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. Robert W. Baird reiterated a “neutral” rating on shares of Stanley Black & Decker in a research report on Friday, July 20th. Finally, ValuEngine upgraded Stanley Black & Decker from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $165.00.

Shares of SWK opened at $116.52 on Tuesday. The company has a market capitalization of $16.65 billion, a PE ratio of 15.64, a PEG ratio of 1.42 and a beta of 0.98. The company has a quick ratio of 0.48, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. Stanley Black & Decker has a 52 week low of $106.41 and a 52 week high of $176.62.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Thursday, October 25th. The industrial products company reported $2.08 EPS for the quarter, topping the consensus estimate of $2.04 by $0.04. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.59 billion. Stanley Black & Decker had a return on equity of 16.30% and a net margin of 7.22%.

Several hedge funds and other institutional investors have recently made changes to their positions in SWK. Massachusetts Financial Services Co. MA lifted its holdings in shares of Stanley Black & Decker by 25.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,776,877 shares of the industrial products company’s stock worth $634,418,000 after purchasing an additional 974,556 shares during the last quarter. Janus Henderson Group PLC raised its stake in Stanley Black & Decker by 71.4% during the 2nd 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. Cornerstone Wealth Management LLC raised its stake in Stanley Black & Decker by 1,196.2% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 664,439 shares of the industrial products company’s stock valued at $4,241,000 after acquiring an additional 613,177 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in Stanley Black & Decker by 31.1% during the 2nd quarter. Artisan Partners Limited Partnership now owns 1,291,435 shares of the industrial products company’s stock valued at $171,515,000 after acquiring an additional 306,661 shares in the last quarter. Finally, FMR LLC raised its stake in Stanley Black & Decker by 294.1% during the 2nd quarter. FMR LLC now owns 265,563 shares of the industrial products company’s stock valued at $35,270,000 after acquiring an additional 198,170 shares in the last quarter. 83.87% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP Jaime A. Ramirez sold 8,251 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $111.29, for a total value of $918,253.79. Following the sale, the senior vice president now owns 36,566 shares of the company’s stock, valued at approximately $4,069,430.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Jocelyn Belisle sold 1,185 shares of the firm’s stock in a transaction that occurred on 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 approximately $1,774,984.64. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Friday, November 30th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Thursday, November 29th. Stanley Black & Decker’s dividend payout ratio (DPR) is 35.44%.

Stanley Black & Decker Company Profile

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.

Recommended Story: Cash Flow Analysis in Stock Selection

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

Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply