Analysts’ Weekly Ratings Updates for Stanley Black & Decker (SWK)

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Stanley Black & Decker (NYSE: SWK) has recently received a number of price target changes and ratings updates:

  • 3/14/2019 – Stanley Black & Decker was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Stanley Black & Decker is dealing with adverse impacts of rising cost of sales. Notably, in the fourth quarter of 2018, its cost of sales increased 9.4% year over year primarily due to commodity inflation and tariffs. Also, high interest and tax expenses are concerning. For 2019, organic sales growth for the Industrial segment is predicted to be flat year over year due to soft business in automotive end market and relatively flat business for the Hydraulic Tools business. Moreover, geographically diversified business of the company has exposed it to risks arising from adverse movements in foreign currencies and geopolitical issues. Further, increases in debt levels can increase its financial obligations. Over the past 30 days, Zacks Consensus Estimate for the company's earnings has declined for both 2019 and 2020.”
  • 3/6/2019 – Stanley Black & Decker had its price target raised by analysts at Wells Fargo & Co from $141.00 to $150.00. They now have an “outperform” rating on the stock.
  • 3/4/2019 – Stanley Black & Decker was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Stanley Black & Decker's growth is likely to be driven by its strategy of shifting the business portfolio toward favored growth markets through organic and inorganic means. For 2019, the company anticipates gaining from strengthening foothold in emerging markets, favorable e-commerce trend and efforts to innovate products as well as growing recognition for Craftsman, Lenox, Irwin, and DeWalt FlexVolt products. Organic sales growth is predicted to be roughly 4%. Moreover, the company anticipates that stake in the MTD Products and IES Attachments buyouts will boost its competency. However, the company is dealing with adverse impacts of rising cost of sales. Notably, in the fourth quarter of 2018, its cost of sales increased 9.4% year over year primarily due to commodity inflation and tariffs. Also, high interest and tax expenses are concerning.”
  • 2/25/2019 – Stanley Black & Decker was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Stanley Black & Decker is dealing with adverse impacts of rising cost of sales. Notably, in the fourth quarter of 2018, its cost of sales increased 9.4% year over year primarily due to commodity inflation and tariffs. Also, high interest and tax expenses are concerning. For 2019, organic sales growth for the Industrial segment is predicted to be flat year over year due to soft business in automotive end market and relatively flat business for the Hydraulic Tools business. Moreover, geographically diversified business of the company has exposed it to risks arising from adverse movements in foreign currencies and geopolitical issues. Further, increases in debt levels can increase its financial obligations. Over the past 30 days, Zacks Consensus Estimate for the company's earnings has declined for both 2019 and 2020.”
  • 2/18/2019 – Stanley Black & Decker was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Over the past three months, Stanley Black & Decker's shares have outperformed the industry on average. For 2019, the company anticipates gaining from strengthening foothold in emerging markets, favorable e-commerce trend and efforts to innovate products as well as growing recognition for Craftsman, Lenox, Irwin, and DeWalt FlexVolt products. Organic sales growth is predicted to be roughly 4%. Moreover, the company anticipates that stake in the MTD Products and IES Attachments buyouts will boost its competency. However, the company is dealing with adverse impacts of rising cost of sales. Notably, in the fourth quarter of 2018, its cost of sales increased 9.4% year over year primarily due to commodity inflation and tariffs. Also, high interest and tax expenses are concerning.”
  • 2/12/2019 – Stanley Black & Decker was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “In the past three months, Stanley Black & Decker's shares have outperformed the industry. The company stands to gain from organic and inorganic growth initiatives in the long run. The company is due to acquire IES Attachments and 20% stake in MTD Products. For 2019, exposure in emerging markets, favorable e-commerce trend, cost-saving actions and increased adoption of popular brands will be boon for the company. Organic sales are predicted to grow 4%. Adjusted earnings will likely increase 4-6% to $8.45-$8.65 per share. However, higher commodity inflation, tariff impact and unfavorable movements in foreign currency will dilute earnings in the year. Also, high interest and tax expenses are concerning. Further, increases in debt levels can increase its financial obligations.”
  • 2/6/2019 – Stanley Black & Decker was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Stanley Black & Decker is dealing with adverse impacts of rising cost of sales. Notably, in the fourth quarter of 2018, its cost of sales increased 9.4% year over year primarily due to commodity inflation and tariffs. Also, high interest and tax expenses are concerning. Moreover, geographically diversified business of the company has exposed it to risks arising from adverse movements in foreign currencies and geopolitical issues. Also, in the past month, the company’s shares have underperformed the industry. Further, increases in debt levels can increase its financial obligations. Over the past 30 days, Zacks Consensus Estimate for the company's earnings has declined for both 2019 and 2020.”
  • 1/29/2019 – Stanley Black & Decker was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 1/23/2019 – Stanley Black & Decker had its price target lowered by analysts at Wells Fargo & Co from $150.00 to $141.00. They now have an “outperform” rating on the stock.
  • 1/23/2019 – Stanley Black & Decker had its “hold” rating reaffirmed by analysts at Raymond James.
  • 1/23/2019 – Stanley Black & Decker was given a new $137.00 price target on by analysts at Deutsche Bank AG. They now have a “buy” rating on the stock.
  • 1/23/2019 – Stanley Black & Decker was given a new $140.00 price target on by analysts at Wolfe Research. They now have a “buy” rating on the stock.
  • 1/22/2019 – Stanley Black & Decker was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 1/22/2019 – Stanley Black & Decker was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 1/22/2019 – Stanley Black & Decker was given a new $155.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.
  • 1/16/2019 – Stanley Black & Decker was given a new $133.00 price target on by analysts at Buckingham Research. They now have a “hold” rating on the stock.

Shares of NYSE:SWK traded down $1.59 during midday trading on Thursday, hitting $131.98. 1,213,330 shares of the stock were exchanged, compared to its average volume of 1,534,035. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 0.54. Stanley Black & Decker, Inc. has a 52-week low of $106.41 and a 52-week high of $161.91. The firm has a market cap of $20.14 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 1.64 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Tuesday, January 22nd. The industrial products company reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.01. The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.62 billion. Stanley Black & Decker had a return on equity of 16.73% and a net margin of 4.62%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the business earned $2.18 earnings per share. On average, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 8.54 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 19th. Shareholders of record on Tuesday, March 5th will be paid a $0.66 dividend. The ex-dividend date is Monday, March 4th. This represents a $2.64 dividend on an annualized basis and a yield of 2.00%. Stanley Black & Decker’s dividend payout ratio is presently 32.39%.

In other news, EVP Jeffrey D. Ansell sold 9,527 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $139.80, for a total value of $1,331,874.60. Following the completion of the sale, the executive vice president now directly owns 61,289 shares in the company, valued at approximately $8,568,202.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Joseph R. Voelker sold 3,488 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $137.48, for a total transaction of $479,530.24. Following the completion of the sale, the senior vice president now owns 22,149 shares of the company’s stock, valued at $3,045,044.52. The disclosure for this sale can be found here. In the last three months, insiders sold 14,615 shares of company stock valued at $2,018,879. Corporate insiders own 1.03% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. MUFG Securities EMEA plc raised its stake in Stanley Black & Decker by 1,447.7% during the 4th quarter. MUFG Securities EMEA plc now owns 64,200 shares of the industrial products company’s stock worth $7,687,000 after acquiring an additional 60,052 shares during the period. Norges Bank bought a new stake in shares of Stanley Black & Decker in the fourth quarter valued at about $164,721,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Stanley Black & Decker by 2.3% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 29,101 shares of the industrial products company’s stock valued at $3,485,000 after acquiring an additional 660 shares in the last quarter. Princeton Global Asset Management LLC bought a new position in Stanley Black & Decker in the fourth quarter worth about $72,000. Finally, FMR LLC raised its holdings in Stanley Black & Decker by 43.9% in the fourth quarter. FMR LLC now owns 541,947 shares of the industrial products company’s stock worth $64,892,000 after purchasing an additional 165,286 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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