Trade Report: The FY2017 Earnings Estimate for Stanley Black & Decker Inc. (SWK) Issued By Credit Agricole SA

The FY2017 Earnings Estimate for Stanley Black & Decker Inc. (SWK) Issued By Credit Agricole SA

Stanley Black & Decker Inc. (NYSE:SWK) – Research analysts at Credit Agricole SA raised their FY2017 earnings per share (EPS) estimates for shares of Stanley Black & Decker in a report released on Wednesday. Credit Agricole SA analyst J. Capron now forecasts that the brokerage will post earnings per share of $7.34 for the year, up from their prior estimate of $7.33.

SWK has been the subject of several other reports. Zacks Investment Research raised Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a research report on Monday, September 26th. Argus reaffirmed a “hold” rating on shares of Stanley Black & Decker in a research report on Tuesday, July 26th. Imperial Capital raised their target price on Stanley Black & Decker from $107.00 to $125.00 and gave the company an “in-line” rating in a research report on Monday, July 25th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Stanley Black & Decker in a research report on Tuesday, June 28th. Finally, Longbow Research lowered Stanley Black & Decker from a “buy” rating to a “neutral” rating in a research report on Monday, August 22nd. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $117.45.

Shares of Stanley Black & Decker (NYSE:SWK) traded up 0.34% on Thursday, reaching $121.24. The company’s stock had a trading volume of 654,289 shares. The firm’s 50-day moving average price is $122.08 and its 200-day moving average price is $116.03. Stanley Black & Decker has a 12 month low of $88.72 and a 12 month high of $124.86. The stock has a market cap of $18.24 billion, a P/E ratio of 18.93 and a beta of 1.38.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Friday, July 22nd. The company reported $1.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.12. The firm earned $2.90 billion during the quarter, compared to the consensus estimate of $2.90 billion. Stanley Black & Decker had a return on equity of 16.96% and a net margin of 8.47%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.54 earnings per share.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 20th. Shareholders of record on Friday, September 2nd were paid a $0.58 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $2.32 annualized dividend and a yield of 1.92%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.55. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 36.19%.

In other news, VP Steven J. Stafstrom sold 2,407 shares of Stanley Black & Decker stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $121.96, for a total transaction of $293,557.72. Following the completion of the sale, the vice president now owns 24,656 shares in the company, valued at approximately $3,007,045.76. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider James J. Cannon sold 5,776 shares of Stanley Black & Decker stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $121.40, for a total value of $701,206.40. Following the sale, the insider now owns 39,756 shares of the company’s stock, valued at approximately $4,826,378.40. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. Strategic Advisors LLC increased its stake in shares of Stanley Black & Decker by 0.4% in the second quarter. Strategic Advisors LLC now owns 2,885 shares of the company’s stock worth $321,000 after buying an additional 12 shares during the period. CLS Investments LLC increased its stake in shares of Stanley Black & Decker by 1.4% in the second quarter. CLS Investments LLC now owns 2,255 shares of the company’s stock worth $251,000 after buying an additional 32 shares during the period. Wetherby Asset Management Inc. increased its stake in shares of Stanley Black & Decker by 1.9% in the second quarter. Wetherby Asset Management Inc. now owns 2,066 shares of the company’s stock worth $230,000 after buying an additional 38 shares during the period. Cleararc Capital Inc. increased its stake in shares of Stanley Black & Decker by 1.4% in the first quarter. Cleararc Capital Inc. now owns 3,728 shares of the company’s stock worth $392,000 after buying an additional 52 shares during the period. Finally, BOKF NA increased its stake in shares of Stanley Black & Decker by 0.5% in the second quarter. BOKF NA now owns 11,216 shares of the company’s stock worth $1,247,000 after buying an additional 52 shares during the period. Hedge funds and other institutional investors own 83.96% of the company’s stock.

Stanley Black & Decker Company Profile

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