Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have earned an average recommendation of “Buy” from the twenty ratings firms that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $158.06.
Several brokerages have recently commented on SWK. TheStreet upgraded Stanley Black & Decker from a “c+” rating to a “b” rating in a research report on Monday, July 27th. UBS Group lifted their target price on Stanley Black & Decker from $136.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Zacks Investment Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $149.00 target price for the company in a research report on Tuesday, July 14th. Barclays lifted their target price on Stanley Black & Decker from $130.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 16th. Finally, Wolfe Research upgraded Stanley Black & Decker from a “peer perform” rating to an “outperform” rating and set a $159.00 target price for the company in a research report on Thursday, June 25th.
A number of institutional investors have recently made changes to their positions in SWK. Golden State Wealth Management LLC bought a new stake in Stanley Black & Decker during the 1st quarter valued at $26,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in Stanley Black & Decker by 70.0% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 340 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 140 shares in the last quarter. Hanson & Doremus Investment Management bought a new stake in shares of Stanley Black & Decker in the 1st quarter worth $40,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Stanley Black & Decker by 41.7% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 299 shares of the industrial products company’s stock worth $42,000 after buying an additional 88 shares in the last quarter. Finally, Watson Rebecca bought a new stake in shares of Stanley Black & Decker in the 2nd quarter worth $42,000. 87.10% of the stock is currently owned by hedge funds and other institutional investors.
NYSE SWK traded down $1.14 during mid-day trading on Friday, reaching $153.32. 1,558,654 shares of the company’s stock traded hands, compared to its average volume of 984,017. Stanley Black & Decker has a 1-year low of $70.00 and a 1-year high of $173.67. The company has a fifty day simple moving average of $141.95 and a 200-day simple moving average of $133.11. The company has a current ratio of 1.26, a quick ratio of 0.59 and a debt-to-equity ratio of 0.47. The company has a market cap of $23.63 billion, a price-to-earnings ratio of 29.20, a P/E/G ratio of 4.53 and a beta of 1.54.
Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Thursday, July 30th. The industrial products company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.27 by $0.33. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.13 billion. Stanley Black & Decker had a return on equity of 13.33% and a net margin of 5.88%. The business’s revenue was down 17.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.66 EPS. Equities research analysts forecast that Stanley Black & Decker will post 6.32 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, August 31st. This represents a $2.80 annualized dividend and a yield of 1.83%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.69. Stanley Black & Decker’s payout ratio is presently 32.86%.
Stanley Black & Decker Company Profile
Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.
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