Stanley Black & Decker, Inc. (NYSE:SWK) Receives Average Rating of “Hold” from Brokerages

Stanley Black & Decker, Inc. (NYSE:SWK) has been given an average recommendation of “Hold” by the eight brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $102.25.

Several research firms have recently issued reports on SWK. Wells Fargo & Company raised their price objective on Stanley Black & Decker from $85.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. upped their price objective on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research note on Monday, August 5th. Morgan Stanley started coverage on shares of Stanley Black & Decker in a research report on Friday, September 6th. They issued an “equal weight” rating and a $107.00 target price on the stock. UBS Group upped their price target 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. Finally, The Goldman Sachs Group boosted their price objective on shares of Stanley Black & Decker from $82.00 to $94.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st.

Insiders Place Their Bets

In other news, SVP Janet Link sold 13,520 shares of Stanley Black & Decker stock in a transaction that occurred on 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 owns 31,960 shares in the company, valued at $3,320,963.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by insiders.

Institutional Trading of Stanley Black & Decker

A number of hedge funds and other institutional investors have recently modified their holdings of SWK. Rockland Trust Co. increased its holdings in Stanley Black & Decker by 3.0% during the 3rd quarter. Rockland Trust Co. now owns 10,951 shares of the industrial products company’s stock worth $1,206,000 after purchasing an additional 319 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in Stanley Black & Decker in the third quarter valued at $343,000. Czech National Bank boosted its stake in Stanley Black & Decker by 7.0% during the 3rd quarter. Czech National Bank now owns 31,363 shares of the industrial products company’s stock valued at $3,454,000 after acquiring an additional 2,040 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in Stanley Black & Decker during the 3rd quarter worth $102,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Stanley Black & Decker by 27.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 660 shares of the industrial products company’s stock valued at $73,000 after purchasing an additional 141 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Price Performance

SWK stock opened at $107.38 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.27. The stock’s 50 day moving average price is $101.07 and its 200 day moving average price is $92.57. The firm has a market cap of $16.52 billion, a P/E ratio of -155.62, a PEG ratio of 2.89 and a beta of 1.24. Stanley Black & Decker has a 1 year low of $76.26 and a 1 year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.25. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations 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 firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.11) EPS. On average, sell-side analysts expect that Stanley Black & Decker will post 4.22 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a $0.82 dividend. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.81. This represents a $3.28 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Tuesday, September 3rd. Stanley Black & Decker’s dividend payout ratio is currently -475.36%.

About Stanley Black & Decker

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.