Stanley Black & Decker, Inc. (NYSE:SWK) Given Average Recommendation of “Hold” by Brokerages

Stanley Black & Decker, Inc. (NYSE:SWK) has earned an average rating of “Hold” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $101.75.

A number of brokerages recently commented on SWK. Barclays raised their price target on Stanley Black & Decker from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. UBS Group lifted their price objective on shares of 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. upped their target price 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 boosted their price target 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. Finally, Morgan Stanley assumed coverage on Stanley Black & Decker in a research report on Friday. They issued an “equal weight” rating and a $107.00 target price on the stock.

Insider Buying and Selling at Stanley Black & Decker

In other news, SVP Janet Link sold 13,520 shares of Stanley Black & Decker stock in a transaction 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 completion of the sale, the senior vice president now owns 31,960 shares in the company, valued at approximately $3,320,963.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.

Institutional Trading of Stanley Black & Decker

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First United Bank & Trust bought a new stake in shares of Stanley Black & Decker during the fourth quarter valued at approximately $25,000. AlphaMark Advisors LLC purchased a new position in shares of Stanley Black & Decker during the second quarter valued at approximately $32,000. Quarry LP purchased a new stake in Stanley Black & Decker in the 4th quarter valued at $36,000. Principal Securities Inc. bought a new position in Stanley Black & Decker during the 4th quarter valued at $38,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Stanley Black & Decker by 81.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 237 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Stock Performance

SWK opened at $96.19 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42. The business has a fifty day simple moving average of $93.59 and a 200 day simple moving average of $90.52. Stanley Black & Decker has a 1 year low of $76.26 and a 1 year high of $108.15. The company has a market capitalization of $14.81 billion, a PE ratio of -139.40, a price-to-earnings-growth ratio of 2.59 and a beta of 1.24.

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

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.41%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.81. The ex-dividend date is Tuesday, September 3rd. Stanley Black & Decker’s 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.