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

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Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have been assigned a consensus rating of “Buy” from the twenty analysts that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $158.06.

A number of analysts have weighed in on the stock. Bank of America boosted their target price on shares of Stanley Black & Decker from $120.00 to $135.00 and gave the stock a “neutral” rating in a research note on Thursday, May 21st. Zacks Investment Research raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $149.00 target price on the stock in a research note on Tuesday, July 14th. Nomura decreased their target price on shares of Stanley Black & Decker from $145.00 to $131.00 in a research note on Monday, May 4th. Morgan Stanley boosted their target price on shares of Stanley Black & Decker from $138.00 to $171.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Deutsche Bank boosted their target price on shares of Stanley Black & Decker from $151.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th.

NYSE:SWK traded down $1.14 during mid-day trading on Friday, reaching $153.32. The stock had a trading volume of 1,558,654 shares, compared to its average volume of 984,017. The stock has a 50-day simple moving average of $141.95 and a two-hundred day simple moving average of $133.11. The stock has a market capitalization of $23.63 billion, a PE ratio of 29.20, a P/E/G ratio of 4.53 and a beta of 1.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 0.59. Stanley Black & Decker has a 12 month low of $70.00 and a 12 month high of $173.67.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Thursday, July 30th. The industrial products company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.33. The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Stanley Black & Decker had a net margin of 5.88% and a return on equity of 13.33%. The company’s revenue was down 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.66 earnings per share. Equities analysts expect that Stanley Black & Decker will post 6.32 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.70 dividend. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.80 annualized dividend and a yield of 1.83%. Stanley Black & Decker’s payout ratio is presently 32.86%.

Hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in Stanley Black & Decker by 28.8% in the first quarter. Wellington Management Group LLP now owns 5,574 shares of the industrial products company’s stock valued at $558,000 after buying an additional 1,247 shares during the period. APG Asset Management N.V. acquired a new position in Stanley Black & Decker in the first quarter valued at $8,804,000. Clearbridge Investments LLC lifted its holdings in Stanley Black & Decker by 4.8% in the first quarter. Clearbridge Investments LLC now owns 488,356 shares of the industrial products company’s stock valued at $48,836,000 after buying an additional 22,420 shares during the period. Diversified Trust Co lifted its holdings in Stanley Black & Decker by 87.6% in the second quarter. Diversified Trust Co now owns 21,770 shares of the industrial products company’s stock valued at $3,034,000 after buying an additional 10,167 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in Stanley Black & Decker by 5.6% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 32,961 shares of the industrial products company’s stock valued at $3,296,000 after buying an additional 1,754 shares during the period. Institutional investors and hedge funds own 87.10% of the company’s stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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

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