Stanley Black & Decker (NYSE:SWK) Given New $88.00 Price Target at JPMorgan Chase & Co.

Stanley Black & Decker (NYSE:SWK) had its target price boosted by JPMorgan Chase & Co. from $80.00 to $88.00 in a research report released on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the industrial products company’s stock.

A number of other equities analysts also recently weighed in on SWK. Wells Fargo & Company boosted their target price on Stanley Black & Decker from $85.00 to $110.00 and gave the stock an equal weight rating in a research note on Wednesday, July 31st. Robert W. Baird boosted their target price on Stanley Black & Decker from $78.00 to $80.00 and gave the stock a neutral rating in a research note on Monday, July 29th. UBS Group boosted their target price on Stanley Black & Decker from $110.00 to $121.00 and gave the stock a buy rating in a research note on Wednesday, July 31st. Barclays boosted their target price on Stanley Black & Decker from $86.00 to $96.00 and gave the stock an equal weight rating in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group upped their price objective on Stanley Black & Decker from $82.00 to $94.00 and gave the company a neutral rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of $100.13.

Stanley Black & Decker Trading Up 0.6 %

Shares of SWK stock traded up $0.55 during mid-day trading on Monday, hitting $96.26. The company’s stock had a trading volume of 1,175,496 shares, compared to its average volume of 1,490,153. The company’s fifty day simple moving average is $86.45 and its 200-day simple moving average is $89.33. Stanley Black & Decker has a 52 week low of $76.26 and a 52 week high of $108.15. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.40 and a current ratio of 1.27. The company has a market cap of $14.81 billion, a PE ratio of -139.51, a P/E/G ratio of 2.68 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.25. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.02 billion. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The company’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.11) EPS. As a group, equities research analysts expect that Stanley Black & Decker will post 4.09 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Tuesday, September 3rd. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s dividend payout ratio (DPR) is -475.36%.

Insider Buying and Selling

In related news, SVP Janet Link sold 13,520 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $103.91, for a total value of $1,404,863.20. Following the sale, the senior vice president now owns 31,960 shares in the company, valued at $3,320,963.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Stanley Black & Decker

A number of large investors have recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC purchased a new stake in Stanley Black & Decker during the second quarter valued at about $847,000. Savant Capital LLC raised its position in Stanley Black & Decker by 221.8% during the second quarter. Savant Capital LLC now owns 13,704 shares of the industrial products company’s stock valued at $1,095,000 after purchasing an additional 9,446 shares in the last quarter. Candriam S.C.A. grew its stake in shares of Stanley Black & Decker by 10.4% during the second quarter. Candriam S.C.A. now owns 234,154 shares of the industrial products company’s stock valued at $18,706,000 after buying an additional 22,151 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Stanley Black & Decker by 49.0% during the second quarter. Victory Capital Management Inc. now owns 104,130 shares of the industrial products company’s stock valued at $8,319,000 after buying an additional 34,234 shares during the last quarter. Finally, National Bank of Canada FI grew its stake in shares of Stanley Black & Decker by 24.8% during the second quarter. National Bank of Canada FI now owns 43,384 shares of the industrial products company’s stock valued at $3,373,000 after buying an additional 8,619 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.