Stanley Black & Decker, Inc. (NYSE:SWK) – Equities research analysts at Seaport Global Securities decreased their Q3 2018 earnings per share (EPS) estimates for shares of Stanley Black & Decker in a note issued to investors on Monday, April 23rd. Seaport Global Securities analyst M. Shlisky now expects that the industrial products company will earn $2.32 per share for the quarter, down from their previous forecast of $2.33. Seaport Global Securities has a “Buy” rating and a $193.00 price objective on the stock. Seaport Global Securities also issued estimates for Stanley Black & Decker’s Q4 2018 earnings at $2.71 EPS.
Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Friday, April 20th. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.04. Stanley Black & Decker had a net margin of 7.63% and a return on equity of 15.27%. The company had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the company posted $1.29 EPS. The firm’s quarterly revenue was up 12.4% on a year-over-year basis.
Shares of SWK opened at $141.61 on Wednesday. Stanley Black & Decker has a 52-week low of $133.25 and a 52-week high of $176.62. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.57 and a current ratio of 1.06. The firm has a market cap of $21,954.73, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 1.66 and a beta of 0.99.
Several hedge funds have recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. lifted its position in Stanley Black & Decker by 1,171.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,279,391 shares of the industrial products company’s stock valued at $217,099,000 after buying an additional 1,178,751 shares during the last quarter. Cornerstone Investment Partners LLC lifted its position in Stanley Black & Decker by 81.5% in the fourth quarter. Cornerstone Investment Partners LLC now owns 579,924 shares of the industrial products company’s stock valued at $98,407,000 after buying an additional 260,319 shares during the last quarter. PGGM Investments acquired a new position in Stanley Black & Decker in the fourth quarter valued at about $28,440,000. Fred Alger Management Inc. lifted its position in Stanley Black & Decker by 10.5% in the fourth quarter. Fred Alger Management Inc. now owns 1,637,525 shares of the industrial products company’s stock valued at $277,872,000 after buying an additional 155,382 shares during the last quarter. Finally, BlackRock Inc. lifted its position in Stanley Black & Decker by 1.5% in the fourth quarter. BlackRock Inc. now owns 10,065,546 shares of the industrial products company’s stock valued at $1,708,022,000 after buying an additional 144,926 shares during the last quarter. 83.95% of the stock is currently owned by hedge funds and other institutional investors.
In other news, SVP Joseph R. Voelker sold 3,284 shares of the business’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $151.44, for a total transaction of $497,328.96. Following the transaction, the senior vice president now owns 20,367 shares of the company’s stock, valued at approximately $3,084,378.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.69% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 19th. Stockholders of record on Wednesday, June 6th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, June 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.78%. Stanley Black & Decker’s payout ratio is 33.83%.
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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