Brokerages Set Stanley Black & Decker, Inc. (NYSE:SWK) PT at $177.00


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Stanley Black & Decker, Inc. (NYSE:SWK) has earned a consensus recommendation of “Buy” from the eighteen analysts that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $177.00.

Several research analysts have recently weighed in on SWK shares. Robert W. Baird upped their price target on shares of Stanley Black & Decker from $184.00 to $204.00 and gave the stock an “outperform” rating in a report on Tuesday, October 20th. Credit Suisse Group increased their target price on Stanley Black & Decker from $163.00 to $179.00 and gave the company a “neutral” rating in a research note on Wednesday, October 28th. JPMorgan Chase & Co. cut Stanley Black & Decker from an “overweight” rating to a “neutral” rating and set a $184.00 target price on the stock. in a research note on Thursday, December 3rd. Barclays increased their target price on Stanley Black & Decker from $184.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, November 30th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Stanley Black & Decker from $192.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, October 28th.

In other news, EVP Jeffrey D. Ansell sold 6,250 shares of the stock in a transaction dated Wednesday, December 2nd. The shares were sold at an average price of $179.32, for a total transaction of $1,120,750.00. Following the completion of the sale, the executive vice president now directly owns 20,900 shares in the company, valued at $3,747,788. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jeffrey D. Ansell sold 393 shares of the firm’s stock in a transaction dated Wednesday, December 9th. The stock was sold at an average price of $178.62, for a total transaction of $70,197.66. Following the completion of the sale, the executive vice president now owns 12,972 shares of the company’s stock, valued at $2,317,058.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,667 shares of company stock valued at $1,913,742. 1.00% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of SWK. JPMorgan Chase & Co. lifted its holdings in Stanley Black & Decker by 16.4% in the third quarter. JPMorgan Chase & Co. now owns 11,859,103 shares of the industrial products company’s stock worth $1,915,009,000 after buying an additional 1,672,038 shares during the period. FMR LLC lifted its holdings in Stanley Black & Decker by 53.7% in the second quarter. FMR LLC now owns 3,041,285 shares of the industrial products company’s stock worth $423,895,000 after buying an additional 1,062,262 shares during the period. Nuveen Asset Management LLC lifted its holdings in Stanley Black & Decker by 28.6% in the third quarter. Nuveen Asset Management LLC now owns 1,624,060 shares of the industrial products company’s stock worth $263,423,000 after buying an additional 360,893 shares during the period. Clark Capital Management Group Inc. purchased a new stake in Stanley Black & Decker in the second quarter worth about $31,472,000. Finally, Payden & Rygel purchased a new stake in Stanley Black & Decker in the third quarter worth about $25,352,000. Institutional investors and hedge funds own 88.56% of the company’s stock.

Stanley Black & Decker stock opened at $178.56 on Wednesday. The stock has a market cap of $28.61 billion, a P/E ratio of 34.01, a PEG ratio of 3.16 and a beta of 1.53. Stanley Black & Decker has a fifty-two week low of $70.00 and a fifty-two week high of $195.00. The firm’s fifty day moving average price is $181.27 and its 200-day moving average price is $164.02. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.66 and a current ratio of 1.26.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Sunday, November 1st. The industrial products company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.22. The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Stanley Black & Decker had a net margin of 5.88% and a return on equity of 13.97%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.13 earnings per share. Sell-side analysts predict that Stanley Black & Decker will post 7.82 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st were issued a dividend of $0.70 per share. The ex-dividend date was Monday, November 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.57%. Stanley Black & Decker’s dividend payout ratio is currently 33.33%.

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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