Stanley Black & Decker, Inc. (NYSE:SWK) Receives $101.75 Consensus Target Price from Brokerages

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have been given a consensus recommendation of “Hold” by the eight brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $101.75.

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. UBS Group raised their price objective on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley initiated coverage on Stanley Black & Decker in a report on Friday, September 6th. They set an “equal weight” rating and a $107.00 price objective for the company. Barclays lifted their price target on Stanley Black & Decker from $86.00 to $96.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Finally, Robert W. Baird upped their price objective on Stanley Black & Decker from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, July 29th.

Stanley Black & Decker Trading Up 0.2 %

Shares of NYSE:SWK opened at $97.83 on Tuesday. The company has a 50-day simple moving average of $94.66 and a 200 day simple moving average of $90.67. The company has a market capitalization of $15.05 billion, a P/E ratio of -141.78, a price-to-earnings-growth ratio of 2.59 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.27. Stanley Black & Decker has a 52-week low of $76.26 and a 52-week high of $108.15.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.84 by $0.25. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same period in the previous year, the company posted ($0.11) EPS. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. Sell-side analysts forecast that Stanley Black & Decker will post 4.17 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.82 per share. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. This represents a $3.28 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Tuesday, September 3rd. Stanley Black & Decker’s dividend payout ratio is -475.36%.

Insider Activity at Stanley Black & Decker

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

Hedge Funds Weigh In On Stanley Black & Decker

Hedge funds and other institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its stake in Stanley Black & Decker by 7.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock valued at $1,802,975,000 after buying an additional 1,250,925 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Stanley Black & Decker by 8.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,733,749 shares of the industrial products company’s stock valued at $218,399,000 after purchasing an additional 212,103 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Stanley Black & Decker by 6.4% during the 2nd quarter. ProShare Advisors LLC now owns 1,983,993 shares of the industrial products company’s stock valued at $158,501,000 after purchasing an additional 118,927 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Stanley Black & Decker by 18.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock worth $134,444,000 after purchasing an additional 267,013 shares in the last quarter. Finally, Cooke & Bieler LP lifted its stake in Stanley Black & Decker by 4.8% in the 2nd quarter. Cooke & Bieler LP now owns 1,525,438 shares of the industrial products company’s stock valued at $121,867,000 after purchasing an additional 69,850 shares during the last quarter. 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.