Stanley Black & Decker (NYSE:SWK) Posts Quarterly Earnings Results

Stanley Black & Decker (NYSE:SWKGet Rating) posted its earnings results on Thursday. The industrial products company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.40, MarketWatch Earnings reports. The firm had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.62 billion. Stanley Black & Decker had a return on equity of 17.27% and a net margin of 10.04%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.13 earnings per share.

NYSE SWK traded down $12.01 during trading on Thursday, hitting $127.13. 5,235,972 shares of the company’s stock traded hands, compared to its average volume of 2,022,749. The stock has a fifty day moving average of $147.49 and a two-hundred day moving average of $170.54. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.97 and a quick ratio of 0.35. Stanley Black & Decker has a 12-month low of $125.20 and a 12-month high of $225.00. The firm has a market cap of $20.77 billion, a P/E ratio of 12.29, a PEG ratio of 1.32 and a beta of 1.37.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 21st. Shareholders of record on Tuesday, June 7th will be given a dividend of $0.79 per share. The ex-dividend date is Monday, June 6th. This represents a $3.16 annualized dividend and a yield of 2.49%. Stanley Black & Decker’s payout ratio is 30.56%.

In other Stanley Black & Decker news, SVP Stephen Subasic sold 6,611 shares of the company’s stock in a transaction dated Friday, February 25th. The shares were sold at an average price of $155.91, for a total transaction of $1,030,721.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jocelyn Belisle sold 3,244 shares of the company’s stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $157.71, for a total transaction of $511,611.24. The disclosure for this sale can be found here. Corporate insiders own 0.93% of the company’s stock.

Several institutional investors have recently bought and sold shares of SWK. Cetera Investment Advisers boosted its holdings in shares of Stanley Black & Decker by 9.4% during the fourth quarter. Cetera Investment Advisers now owns 2,502 shares of the industrial products company’s stock worth $472,000 after purchasing an additional 215 shares during the period. Synovus Financial Corp boosted its holdings in shares of Stanley Black & Decker by 8.5% during the fourth quarter. Synovus Financial Corp now owns 2,716 shares of the industrial products company’s stock worth $511,000 after purchasing an additional 213 shares during the period. Stifel Financial Corp boosted its holdings in shares of Stanley Black & Decker by 3.3% during the fourth quarter. Stifel Financial Corp now owns 79,642 shares of the industrial products company’s stock worth $15,023,000 after purchasing an additional 2,566 shares during the period. Sei Investments Co. boosted its holdings in shares of Stanley Black & Decker by 45.9% during the fourth quarter. Sei Investments Co. now owns 34,324 shares of the industrial products company’s stock worth $6,472,000 after purchasing an additional 10,803 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Stanley Black & Decker by 3.0% during the fourth quarter. Advisors Asset Management Inc. now owns 7,156 shares of the industrial products company’s stock worth $1,350,000 after purchasing an additional 206 shares during the period. Institutional investors own 86.43% of the company’s stock.

Several research firms have issued reports on SWK. Citigroup downgraded Stanley Black & Decker from a “buy” rating to a “sell” rating and dropped their target price for the stock from $215.00 to $145.00 in a research report on Monday, February 7th. The Goldman Sachs Group decreased their price target on shares of Stanley Black & Decker from $184.00 to $160.00 and set a “neutral” rating on the stock in a report on Thursday, April 7th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Stanley Black & Decker from $223.00 to $183.00 and set a “buy” rating on the stock in a report on Thursday, April 14th. Bank of America decreased their price target on shares of Stanley Black & Decker from $165.00 to $140.00 and set an “underperform” rating on the stock in a report on Wednesday, March 9th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Stanley Black & Decker from $170.00 to $159.00 and set a “neutral” rating on the stock in a report on Wednesday, April 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Stanley Black & Decker has a consensus rating of “Buy” and a consensus target price of $181.23.

About Stanley Black & Decker (Get Rating)

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

Further Reading

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

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