Stanley Black & Decker Announces CEO Transition
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July 25, 2016 8:43 AM EDT
UBS reiterated a Buy rating on Stanley Black & Decker (NYSE: SWK), and raised the price target to $135.00 (from $125.00), following the company's 2Q. SWK raised 2016 EPS guidance to $6.30-$6.50 (prior $6.20-$6.40) on better than expected organic growth and productivity/cost reductions.
Analyst Shannon O'Callaghan commented, "Tools & Storage organic... More
July 25, 2016 7:05 AM EDT
Imperial Capital reiterated an In-Line rating on Stanley Black & Decker (NYSE: SWK), and raised the price target to $125.00 (from $107.00), following the company's 2Q earnings report. SWK reported quarterly revenue of $2.93bn was slightly above the Street's estimate of $2.91bn. Diluted EPS of $1.84 was... More
July 22, 2016 6:06 AM EDT
Stanley Black & Decker (NYSE: SWK) reported Q2 EPS of $1.84, $0.12 better than the analyst estimate of $1.72. Revenue for the quarter came in at $2.9 billion versus the consensus estimate of $2.91 billion.
CEO Transition:
Stanley Black & Decker also announced that Chairman and Chief Executive Officer John F. Lundgren, who will turn 65 in September, will retire as CEO after more than 12 years with the Company, effective July 31, 2016. Mr. Lundgren will continue as Chairman of the Board until the end of the year and serve as Special Advisor to the Company through April 30, 2017. James M. Loree, currently... More
