Equities research analysts expect that Stanley Black & Decker, Inc. (NYSE:SWK) will post sales of $3.31 billion for the current quarter, according to Zacks. Seven analysts have provided estimates for Stanley Black & Decker’s earnings. The highest sales estimate is $3.40 billion and the lowest is $3.23 billion. Stanley Black & Decker posted sales of $3.21 billion during the same quarter last year, which suggests a positive year over year growth rate of 3.1%. The company is scheduled to report its next quarterly earnings results on Friday, April 19th.
According to Zacks, analysts expect that Stanley Black & Decker will report full-year sales of $14.49 billion for the current year, with estimates ranging from $14.23 billion to $14.82 billion. For the next year, analysts anticipate that the firm will report sales of $15.05 billion, with estimates ranging from $14.78 billion to $15.44 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Stanley Black & Decker.
Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, January 22nd. The industrial products company reported $2.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.10 by $0.01. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.62 billion. Stanley Black & Decker had a return on equity of 16.73% and a net margin of 4.62%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.18 EPS.
In other news, EVP Jeffrey D. Ansell sold 9,527 shares of the business’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $139.80, for a total transaction of $1,331,874.60. Following the completion of the transaction, the executive vice president now owns 61,289 shares of the company’s stock, valued at approximately $8,568,202.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Joseph R. Voelker sold 3,488 shares of the business’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $137.48, for a total value of $479,530.24. Following the transaction, the senior vice president now directly owns 22,149 shares of the company’s stock, valued at approximately $3,045,044.52. The disclosure for this sale can be found here. Insiders have sold a total of 14,615 shares of company stock valued at $2,018,879 in the last three months. 1.03% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of SWK. Capital Research Global Investors acquired a new position in Stanley Black & Decker in the 3rd quarter worth about $589,253,000. JPMorgan Chase & Co. increased its holdings in Stanley Black & Decker by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 12,566,744 shares of the industrial products company’s stock worth $1,840,276,000 after purchasing an additional 1,822,466 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Stanley Black & Decker by 37.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,490,447 shares of the industrial products company’s stock worth $777,167,000 after purchasing an additional 1,772,064 shares in the last quarter. Norges Bank acquired a new position in Stanley Black & Decker in the 4th quarter worth about $164,721,000. Finally, Lord Abbett & CO. LLC increased its holdings in Stanley Black & Decker by 271.5% in the 4th quarter. Lord Abbett & CO. LLC now owns 1,317,416 shares of the industrial products company’s stock worth $157,747,000 after purchasing an additional 962,792 shares in the last quarter. 87.53% of the stock is owned by institutional investors.
NYSE SWK traded down $1.59 during midday trading on Friday, hitting $131.98. The company had a trading volume of 1,213,330 shares, compared to its average volume of 1,534,035. The stock has a market capitalization of $20.14 billion, a PE ratio of 16.19, a P/E/G ratio of 1.64 and a beta of 1.24. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.14 and a quick ratio of 0.56. Stanley Black & Decker has a twelve month low of $106.41 and a twelve month high of $161.91.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 19th. Stockholders of record on Tuesday, March 5th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, March 4th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.00%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 32.39%.
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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