Imperial Capital Raises Price Target on Stanley Black & Decker (SWK) Following 2Q and Management Change

UBS Raises Price Target on Stanley Black & Decker (SWK) to $135 Following 2Q

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

Notable 52-Week Highs and Lows 7/22: (GMTX) (FE) (EBAY) High; (SWK) (SKX) (BAS) Low

52-Week High:Gentex Corp (Nasdaq: GNTX) $17.62. Gentex reported Q2 EPS of $0.30, versus the analyst estimate of $0.29. Revenue for the quarter came in at $423.8 million versus the consensus estimate of $416.99 million. Gentex sees FY2016 revenue of $1.68 - $1.72 billion, versus prior guidance of $1.64 - $1.72 billion and the consensus of $1.69 billion.

FirstEnergy Corp. (NYSE: FE) $. FirstEnergy announced that its... More

Stanley Black & Decker (SWK) Tops Q2 EPS by 12c; CEO Lundgren to Reitre

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

Trading Radar for 7/22: GE (GE), American Airlines (AAL), Honeywell (HON), Whirlpool (WHR), SunTrust (STI) Report

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Earnings:

Acme United (NYSE: ACU) - consensus EPS $0.78
American Airlines (Nasdaq: AAL) - consensus EPS... More

Stanley Black & Decker (SWK) Raises Quarterly Dividend 5.5% to $0.58; 2% Yield

Stanley Black & Decker (NYSE: SWK) declared a quarterly dividend of $0.58 per share, or $2.32 annualized. This is a 5.5% increase from the prior dividend of $0.55.

The dividend will be payable on September 20, 2016, to stockholders of record on September 2, 2016, with an ex-dividend date of August 31,... More