Stanley Black & Decker (NYSE:SWK) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of Stanley Black & Decker (NYSE:SWK) from a hold rating to a buy rating in a research report released on Monday morning.

A number of other research analysts have also weighed in on SWK. Morgan Stanley began coverage on shares of Stanley Black & Decker in a research note on Friday, September 6th. They issued an “equal weight” rating and a $107.00 price objective on the stock. UBS Group lifted their price target on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. increased their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research note on Monday, August 5th. Wells Fargo & Company cut their target price on Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Finally, Robert W. Baird increased their price target on Stanley Black & Decker from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $104.43.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock opened at $102.92 on Monday. The business has a 50-day simple moving average of $103.68 and a 200 day simple moving average of $93.74. The firm has a market capitalization of $15.85 billion, a price-to-earnings ratio of -53.05, a PEG ratio of 2.71 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42. Stanley Black & Decker has a one year low of $77.70 and a one year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.02 billion. During the same period in the prior year, the firm earned ($0.11) earnings per share. Stanley Black & Decker’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, research analysts anticipate that Stanley Black & Decker will post 4.18 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio is -169.07%.

Insider Activity

In related 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 value of $1,404,863.20. Following the sale, the senior vice president now owns 31,960 shares of the company’s stock, valued at approximately $3,320,963.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Stanley Black & Decker

Institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 worth $1,802,975,000 after buying an additional 1,250,925 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in 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 worth $218,399,000 after purchasing an additional 212,103 shares in the last quarter. ProShare Advisors LLC grew its position 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Stanley Black & Decker by 18.9% in the second 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 during the period. Finally, Cooke & Bieler LP raised its position in shares of Stanley Black & Decker by 4.8% in the second quarter. Cooke & Bieler LP now owns 1,525,438 shares of the industrial products company’s stock worth $121,867,000 after buying an additional 69,850 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

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.