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

Stanley Black & Decker (NYSE: SWK) recently received a number of ratings updates from brokerages and research firms:

  • 7/26/2019 – Stanley Black & Decker had its price target raised by analysts at Buckingham Research from $154.00 to $155.00. They now have a “neutral” rating on the stock.
  • 7/24/2019 – Stanley Black & Decker had its price target raised by analysts at Morgan Stanley from $161.00 to $165.00. They now have an “overweight” rating on the stock.
  • 7/24/2019 – Stanley Black & Decker had its price target lowered by analysts at Wells Fargo & Co from $170.00 to $160.00. They now have an “outperform” rating on the stock.
  • 7/24/2019 – Stanley Black & Decker was downgraded by analysts at Gabelli from a “buy” rating to a “hold” rating. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/24/2019 – Stanley Black & Decker had its price target raised by analysts at Nomura from $160.00 to $163.00. They now have a “buy” rating on the stock.
  • 7/17/2019 – Stanley Black & Decker had its price target lowered by analysts at Buckingham Research from $157.00 to $154.00. They now have a “neutral” rating on the stock.
  • 6/21/2019 – Stanley Black & Decker is now covered by analysts at Bank of America Corp. They set an “underperform” rating and a $140.00 price target on the stock.
  • 6/14/2019 – Stanley Black & Decker was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $150.00 price target on the stock. According to Zacks, “In the past six months, Stanley Black & Decker's shares have outperformed the industry. The company's growth in 2019 is likely to be driven by exposure in emerging markets, favorable e-commerce trend, cost-saving initiatives, pricing actions and solid demand for popular brands. Organic sales are predicted to grow roughly 4% and adjusted earnings to increase 4-7% year over year to $8.50-$8.70. This projection is above previously mentioned $8.45-$8.65. Going forward, the company intends on starting multi-year initiatives aimed at margin expansion. However, it predicts the Industrial segment's organic sales to decline due to weak automotive system sales and flat hydraulic tools business. Also, tariffs, foreign currency woes and commodity inflation are predicted to adversely impact this year's result by $340 million.”

Shares of Stanley Black & Decker stock traded up $3.18 during trading hours on Tuesday, reaching $137.34. The stock had a trading volume of 57,336 shares, compared to its average volume of 1,210,998. The business’s 50 day simple moving average is $144.43. The firm has a market capitalization of $20.83 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 1.79 and a beta of 1.36. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.95 and a quick ratio of 0.44. Stanley Black & Decker, Inc. has a 1 year low of $106.41 and a 1 year high of $155.22.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.11. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.81 billion. Stanley Black & Decker had a return on equity of 17.10% and a net margin of 4.97%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business posted $2.57 EPS. On average, equities analysts predict that Stanley Black & Decker, Inc. will post 8.61 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.01%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, August 30th. Stanley Black & Decker’s dividend payout ratio (DPR) is 32.39%.

In other news, SVP Jaime A. Ramirez sold 9,850 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $151.04, for a total value of $1,487,744.00. Following the transaction, the senior vice president now directly owns 45,706 shares in the company, valued at approximately $6,903,434.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jaime A. Ramirez sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $136.94, for a total value of $136,940.00. Following the completion of the transaction, the senior vice president now owns 38,356 shares in the company, valued at $5,252,470.64. The disclosure for this sale can be found here. Company insiders own 1.03% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in Stanley Black & Decker by 16.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,937,486 shares of the industrial products company’s stock valued at $231,995,000 after purchasing an additional 269,736 shares in the last quarter. Geode Capital Management LLC grew its stake in Stanley Black & Decker by 5.9% during the 4th quarter. Geode Capital Management LLC now owns 1,947,219 shares of the industrial products company’s stock valued at $232,748,000 after purchasing an additional 109,205 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in Stanley Black & Decker during the 4th quarter valued at approximately $287,000. FMR LLC grew its stake in Stanley Black & Decker by 43.9% during the 4th quarter. FMR LLC now owns 541,947 shares of the industrial products company’s stock valued at $64,892,000 after purchasing an additional 165,286 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new stake in Stanley Black & Decker during the 1st quarter valued at approximately $27,000. Institutional investors and hedge funds own 86.28% of the company’s stock.

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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