Stanley Black & Decker, Inc. (NYSE:SWK):
Stanley Black & Decker Reports 3Q 2017 Results.
The company is trading down by 1.21% percent from yesterday’s close.
The company also recently declared a dividend for shareholders to be paid on Tuesday December 19th, 2017. The dividend will be $0.630 per share for the quarter which is $2.52 annualized. This dividend amount will represent a yield of $1.60. The ex-dividend date is set for Wednesday the 30th of August 2017.
Stanley Black & Decker, Inc., launched on June 4, 1901, is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems and products and services for various industrial applications. The Business’s segments include Tools & Storage, Security and Industrial. Its Tools & Storage segment consists of the power tools and hand tools, accessories and storage (HTAS) businesses. Its Security segment consists of the convergent security solutions (CSS) and mechanical access solutions (MAS) businesses. Its Industrial segment consists of the engineered fastening and infrastructure businesses. It offers brands, such as Newell Tools and Craftsman, Irwin, Lenox and Craftsman..
Shares are trading at $158.19 a tad above the 50 day moving average which is $152.30 and much higher than the 200 day moving average of $142.63. The 50 day moving average was up by +3.86% and the 200 day average went up by +10.91%.
The company currently has a P/E ratio of 20.26 and market cap is 24.23B. In the last earnings report the EPS was $7.81 and is expected to be $7.31 for the current year with 153,152,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $2.13 and the next full year EPS is projected to be $8.20.
Traders are feeling more bullish on Stanley Black & Decker, Inc. as implied by the fall in short interest. The stock saw a fall in short interest of -19.93% as of the latest report on September 29, 2017. Short shares fell 446,412 over that timeframe. Days to cover decreased 0.0 to 2.0 and the percentage of shorted shares is 0.01% as of September 29.
Several ratings firms have released ratings on Stanley Black & Decker, Inc.. Equity analyst MKM Partners released its first research report on the stock with a rating of “Buy”. On July 11, 2017 Wolfe Research issued its first research report on the stock with an initial rating of “Outperform”.
On August 10 Morgan Stanley kept the company rating at “Equal-Weight” but raised the price expectation to $154.00 from $150.00. On October 2 the company was changed to “Overweight” by Morgan Stanley a boost from the previous “Equal-Weight” rating.
On October 18 the company was upgraded from “Hold” to “Buy” in a report from Zelman.