Stanley Black & Decker (NYSE:SWK) Updates FY21 Earnings Guidance

Stanley Black & Decker (NYSE:SWK) updated its FY21 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $10.15-10.55 for the period, compared to the Thomson Reuters consensus estimate of $10.20. Stanley Black & Decker also updated its FY 2021 guidance to 10.700-11.000 EPS.

SWK has been the topic of several research analyst reports. Morgan Stanley boosted their price objective on shares of Stanley Black & Decker from $220.00 to $230.00 and gave the company an overweight rating in a report on Wednesday, May 5th. Barclays upped their price objective on shares of Stanley Black & Decker from $214.00 to $219.00 and gave the stock an overweight rating in a report on Tuesday, April 13th. UBS Group upped their price target on Stanley Black & Decker from $227.00 to $241.00 and gave the stock a buy rating in a research note on Monday, February 1st. JPMorgan Chase & Co. boosted their price objective on Stanley Black & Decker from $200.00 to $206.00 and gave the company a neutral rating in a report on Tuesday, April 13th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Stanley Black & Decker from $215.00 to $221.00 and gave the company a buy rating in a report on Monday, April 19th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $207.55.

Shares of Stanley Black & Decker stock traded down $0.09 on Friday, reaching $216.01. 907,079 shares of the company were exchanged, compared to its average volume of 1,279,186. The stock’s 50 day moving average price is $205.93 and its 200-day moving average price is $185.85. The company has a market cap of $34.88 billion, a P/E ratio of 35.07, a price-to-earnings-growth ratio of 2.68 and a beta of 1.47. Stanley Black & Decker has a 1-year low of $102.80 and a 1-year high of $225.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.37 and a quick ratio of 0.69.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, April 27th. The industrial products company reported $3.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.56 by $0.57. The business had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.91 billion. Stanley Black & Decker had a net margin of 6.98% and a return on equity of 15.05%. The company’s revenue was up 34.1% on a year-over-year basis. During the same period last year, the business earned $1.20 EPS. On average, research analysts predict that Stanley Black & Decker will post 8.71 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 22nd. Stockholders of record on Tuesday, June 8th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, June 7th. This represents a $2.80 annualized dividend and a dividend yield of 1.30%. Stanley Black & Decker’s dividend payout ratio is currently 33.33%.

In other Stanley Black & Decker news, SVP Janet Link sold 7,446 shares of the company’s stock in a transaction on Monday, May 3rd. The shares were sold at an average price of $209.03, for a total value of $1,556,437.38. Following the completion of the transaction, the senior vice president now owns 29,461 shares in the company, valued at $6,158,232.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeffrey D. Ansell sold 3,304 shares of the firm’s stock in a transaction dated Wednesday, March 17th. The stock was sold at an average price of $190.53, for a total value of $629,511.12. Following the transaction, the executive vice president now directly owns 25,090 shares in the company, valued at approximately $4,780,397.70. The disclosure for this sale can be found here. Insiders have sold a total of 19,065 shares of company stock worth $3,932,015 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the 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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