Stanley Black & Decker, Inc. (SWK) Receives $156.93 Consensus Price Target from Brokerages

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have been given an average recommendation of “Buy” by the twenty research firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $158.75.

Several research firms have commented on SWK. Zacks Investment Research downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. Buckingham Research boosted their target price on Stanley Black & Decker from $155.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, May 10th. ValuEngine raised Stanley Black & Decker from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. TheStreet downgraded Stanley Black & Decker from a “b-” rating to a “c+” rating in a report on Tuesday, January 22nd. Finally, Deutsche Bank set a $137.00 target price on Stanley Black & Decker and gave the stock a “buy” rating in a report on Wednesday, January 23rd.

Stanley Black & Decker stock traded down $3.51 during mid-day trading on Friday, hitting $134.85. The company had a trading volume of 1,255,266 shares, compared to its average volume of 1,410,770. The company has a current ratio of 0.91, a quick ratio of 0.43 and a debt-to-equity ratio of 0.54. Stanley Black & Decker has a 12 month low of $106.41 and a 12 month high of $155.22. The company has a market capitalization of $20.47 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 1.97 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, April 24th. The industrial products company reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.32. Stanley Black & Decker had a return on equity of 17.01% and a net margin of 4.57%. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.30 billion. During the same period in the previous year, the company posted $1.39 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities research analysts predict that Stanley Black & Decker will post 8.63 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Monday, June 3rd. Stanley Black & Decker’s dividend payout ratio is currently 32.39%.

In other news, insider Robert H. Raff, Jr. sold 6,179 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $151.66, for a total value of $937,107.14. Following the completion of the transaction, the insider now owns 14,116 shares in the company, valued at $2,140,832.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jaime A. Ramirez sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $136.26, for a total value of $136,260.00. Following the completion of the transaction, the senior vice president now owns 39,893 shares of the company’s stock, valued at approximately $5,435,820.18. The disclosure for this sale can be found here. Insiders sold 129,831 shares of company stock valued at $18,933,275 in the last 90 days. Company insiders own 1.03% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Proficio Capital Partners LLC raised its stake in shares of Stanley Black & Decker by 370.5% in the fourth quarter. Proficio Capital Partners LLC now owns 207 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 163 shares during the last quarter. Truvestments Capital LLC purchased a new stake in Stanley Black & Decker during the first quarter valued at $27,000. Destination Wealth Management increased its position in Stanley Black & Decker by 319.1% during the first quarter. Destination Wealth Management now owns 197 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 150 shares during the last quarter. Rational Advisors LLC increased its position in Stanley Black & Decker by 4,116.7% during the first quarter. Rational Advisors LLC now owns 253 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 247 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. increased its position in Stanley Black & Decker by 412.0% during the first quarter. Winslow Evans & Crocker Inc. now owns 256 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 89.49% of the company’s stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil & gas and infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the following three segments: Tools and Storage, Industrial, and Security.

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Analyst Recommendations for Stanley Black & Decker (NYSE:SWK)

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