Stanley Black & Decker, Inc. (NYSE:SWK) to Post FY2019 Earnings of $8.40 Per Share, KeyCorp Forecasts

Stanley Black & Decker, Inc. (NYSE:SWK) – Investment analysts at KeyCorp lowered their FY2019 earnings per share estimates for Stanley Black & Decker in a note issued to investors on Thursday, October 24th. KeyCorp analyst K. Zener now anticipates that the industrial products company will post earnings per share of $8.40 for the year, down from their prior forecast of $8.58. KeyCorp currently has a “Overweight” rating and a $160.00 target price on the stock. KeyCorp also issued estimates for Stanley Black & Decker’s FY2020 earnings at $8.76 EPS.

Other analysts also recently issued reports about the company. Wolfe Research set a $160.00 price target on Stanley Black & Decker and gave the company a “hold” rating in a research note on Friday. Wells Fargo & Co restated a “buy” rating on shares of Stanley Black & Decker in a research note on Tuesday, October 15th. Morgan Stanley cut their target price on Stanley Black & Decker from $165.00 to $161.00 and set an “overweight” rating for the company in a research report on Friday, September 27th. Barclays cut their target price on Stanley Black & Decker from $163.00 to $161.00 and set an “overweight” rating for the company in a research report on Friday. Finally, ValuEngine downgraded Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. Stanley Black & Decker presently has a consensus rating of “Hold” and a consensus price target of $156.50.

SWK opened at $152.09 on Monday. The business has a fifty day simple moving average of $144.64 and a 200 day simple moving average of $141.64. The company has a market capitalization of $22.22 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 2.00 and a beta of 1.40. Stanley Black & Decker has a 1 year low of $106.97 and a 1 year high of $154.10. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.98 and a quick ratio of 0.44.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Thursday, October 24th. The industrial products company reported $2.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.10. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.65 billion. Stanley Black & Decker had a return on equity of 16.67% and a net margin of 4.80%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.08 EPS.

Several large investors have recently added to or reduced their stakes in SWK. Schroder Investment Management Group raised its holdings in shares of Stanley Black & Decker by 4.3% during the 2nd quarter. Schroder Investment Management Group now owns 22,725 shares of the industrial products company’s stock worth $3,287,000 after buying an additional 940 shares in the last quarter. Westpac Banking Corp raised its holdings in shares of Stanley Black & Decker by 40.6% during the 2nd quarter. Westpac Banking Corp now owns 15,143 shares of the industrial products company’s stock worth $2,190,000 after buying an additional 4,370 shares in the last quarter. Cibc World Markets Corp raised its holdings in shares of Stanley Black & Decker by 1.6% during the 2nd quarter. Cibc World Markets Corp now owns 35,853 shares of the industrial products company’s stock worth $5,185,000 after buying an additional 576 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Stanley Black & Decker by 2.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 679,205 shares of the industrial products company’s stock worth $98,220,000 after buying an additional 18,035 shares in the last quarter. Finally, Brasada Capital Management LP raised its holdings in shares of Stanley Black & Decker by 25.0% during the 2nd quarter. Brasada Capital Management LP now owns 2,500 shares of the industrial products company’s stock worth $362,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be given a dividend of $0.69 per share. The ex-dividend date is Wednesday, November 27th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.81%. Stanley Black & Decker’s payout ratio is 33.87%.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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

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