Revenue Update on Stanley Black & Decker(NYSE:SWK)

Stanley Black & Decker(NYSE:SWK) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 22, 2016. Company reported revenue of $2.93B. Analysts estimated a revenue of $2.91B. Earnings per share were $1.84. Analysts had estimated an EPS of $1.71.

In a different note, Goldman Sachs said it Initiates Coverage on Stanley Black & Decker, according to a research note issued on Jun 10, 2016. The shares have been rated ‘Neutral’ by the firm. On Apr 25, 2016, JP Morgan said it Maintains its rating on Stanley Black & Decker. In the research note, the firm Raises the price-target to $103.00 per share. The shares have been rated ‘Neutral’ by the firm.

Stanley Black & Decker (SWK) shares turned negative on Thursdays trading session with the shares closing down -0.19 points or -0.16% at a volume of 6,31,290. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $122.43. The peak price level was also seen at $122.43 while the days lowest was $121.13. Finally the shares closed at $122.17. The 52-week high of the shares is $123.3 while the 52-week low is $88.72. According to the latest information available, the market cap of the company is $18,378 M.

Stanley Black & Decker has also declared a cash dividend of $0.5800 on Jul 21, 2016. The shares will quote ex-dividend on Aug 31, 2016 and the record date has been fixed on Sep 2, 2016. The dividend payable date has been fixed on Sep 20, 2016.

Several Insider Transactions has been reported to the SEC. On Jul 15, 2016, Lee B Mcchesney (CFO,GT&S and Pres.,Ind Vert) sold 1,875 shares at $118.06 per share price.Also, On May 26, 2016, Rhonda Gass (VP & Chief Information Officer) sold 1,978 shares at $114.75 per share price.On May 26, 2016, Ben S Sihota (SVP, Corp Initiatives) sold 4,375 shares at $114.70 per share price, according to the Form-4 filing with the securities and exchange commission.

Stanley Black & Decker Inc. is a global provider of power and hand tools products and services. The Company provides products and services for various industrial applications mechanical access solutions (automatic doors and commercial locking systems) and electronic security and monitoring systems. The Company’s operating segments include: Construction & Do-It-Yourself (CDIY) Industrial and Security. The CDIY segment consists of the Professional Power Tool Business; the Consumer Products Group which includes outdoor products; the Hand Tools & Storage business and the Fastening & Accessories business. The Industrial segment consists of the Industrial and Automotive Repair (IAR) Engineered Fastening and Infrastructure Businesses. The Security segment consists of the Convergent Security Solutions (CSS) and Mechanical Access Solutions (MAS) businesses.

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