Stanley Black & Decker, Inc. (NYSE:SWK) had its price objective boosted by J P Morgan Chase & Co from $152.00 to $180.00 in a research note released on Monday, October 30th. The brokerage currently has an overweight rating on the industrial products company’s stock.
Several other research firms have also recently issued reports on SWK. Robert W. Baird reissued a hold rating and issued a $150.00 price target on shares of Stanley Black & Decker in a research note on Friday, October 20th. Zacks Investment Research cut Stanley Black & Decker from a buy rating to a hold rating in a research note on Thursday, July 13th. Morgan Stanley raised Stanley Black & Decker from an equal weight rating to an overweight rating and set a $169.00 price target for the company in a research note on Monday, October 2nd. Wells Fargo & Company reaffirmed an outperform rating and set a $175.00 target price (up previously from $165.00) on shares of Stanley Black & Decker in a research note on Wednesday, October 18th. Finally, Wolfe Research began coverage on Stanley Black & Decker in a research note on Tuesday, July 11th. They set an outperform rating and a $160.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $167.29.
Stanley Black & Decker (NYSE:SWK) traded up $1.00 during mid-day trading on Monday, hitting $163.97. The company had a trading volume of 609,700 shares, compared to its average volume of 969,622. The firm has a market cap of $25,180.00, a price-to-earnings ratio of 23.42, a P/E/G ratio of 2.12 and a beta of 1.02. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.69 and a current ratio of 1.26. Stanley Black & Decker has a twelve month low of $114.27 and a twelve month high of $168.25.
Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.08. The firm had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.15 billion. Stanley Black & Decker had a return on equity of 15.41% and a net margin of 9.79%. The firm’s revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.68 EPS. equities research analysts forecast that Stanley Black & Decker will post 7.39 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Thursday, November 30th. Stanley Black & Decker’s dividend payout ratio is 31.82%.
In other Stanley Black & Decker news, CFO Donald Allan sold 30,090 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $163.11, for a total value of $4,907,979.90. Following the sale, the chief financial officer now owns 129,203 shares of the company’s stock, valued at approximately $21,074,301.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James M. Loree sold 70,531 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $161.80, for a total value of $11,411,915.80. Following the completion of the sale, the chief executive officer now directly owns 175,449 shares in the company, valued at approximately $28,387,648.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 140,257 shares of company stock worth $22,563,420. 1.15% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BB&T Investment Services Inc. bought a new stake in shares of Stanley Black & Decker in the 2nd quarter worth approximately $102,000. Acrospire Investment Management LLC lifted its position in shares of Stanley Black & Decker by 100.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 800 shares of the industrial products company’s stock worth $113,000 after acquiring an additional 400 shares during the period. Farmers & Merchants Investments Inc. lifted its position in shares of Stanley Black & Decker by 2.9% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 823 shares of the industrial products company’s stock worth $116,000 after acquiring an additional 23 shares during the period. Bank of Nova Scotia Trust Co. bought a new stake in shares of Stanley Black & Decker in the 3rd quarter worth approximately $141,000. Finally, Independent Portfolio Consultants Inc. lifted its position in shares of Stanley Black & Decker by 87.8% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 986 shares of the industrial products company’s stock worth $139,000 after acquiring an additional 461 shares during the period. 82.01% of the stock is currently owned by hedge funds and other institutional investors.
About Stanley Black & Decker
Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.
Receive News & Ratings for Stanley Black & Decker Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker Inc. and related companies with MarketBeat.com's FREE daily email newsletter.