Stanley Black & Decker (NYSE:SWK) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $8.50-8.70 for the period, compared to the Thomson Reuters consensus estimate of $8.62.

Stanley Black & Decker stock traded up $4.97 during trading hours on Thursday, hitting $140.05. The company had a trading volume of 122,832 shares, compared to its average volume of 1,398,576. The firm has a market cap of $20.57 billion, a PE ratio of 17.18, a P/E/G ratio of 1.98 and a beta of 1.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.43 and a current ratio of 0.91. Stanley Black & Decker has a fifty-two week low of $106.41 and a fifty-two week high of $155.22.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.32. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.30 billion. Stanley Black & Decker had a net margin of 4.57% and a return on equity of 17.01%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 EPS. Equities analysts anticipate that Stanley Black & Decker will post 8.63 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be paid a $0.66 dividend. The ex-dividend date is Monday, June 3rd. This represents a $2.64 annualized dividend and a yield of 1.89%. Stanley Black & Decker’s dividend payout ratio is presently 32.39%.

Several research analysts have weighed in on SWK shares. Wells Fargo & Co upped their price objective on shares of Stanley Black & Decker from $148.00 to $160.00 and gave the company an outperform rating in a research note on Monday, April 29th. Raymond James restated a hold rating on shares of Stanley Black & Decker in a research note on Wednesday, January 23rd. Zacks Investment Research lowered shares of Stanley Black & Decker from a hold rating to a sell rating in a research note on Thursday, March 14th. Buckingham Research increased their price target on shares of Stanley Black & Decker from $122.00 to $148.00 and gave the stock a neutral rating in a research note on Wednesday, April 17th. Finally, Barclays increased their price target on shares of Stanley Black & Decker from $145.00 to $158.00 and gave the stock an overweight rating in a research note on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $157.13.

In related news, SVP Joseph R. Voelker sold 3,488 shares of the stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $137.48, for a total transaction of $479,530.24. Following the completion of the sale, the senior vice president now owns 22,149 shares in the company, valued at approximately $3,045,044.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jaime A. Ramirez sold 1,000 shares of the stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $136.26, for a total transaction of $136,260.00. Following the sale, the senior vice president now owns 39,893 shares of the company’s stock, valued at approximately $5,435,820.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,831 shares of company stock worth $18,933,275. 1.03% of the stock is currently owned by company insiders.

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Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil & gas and infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the following three segments: Tools and Storage, Industrial, and Security.

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

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