SWK has been the subject of a number of other reports. Nomura increased their price target on Stanley Black & Decker from $160.00 to $163.00 and gave the company a buy rating in a research report on Wednesday, July 24th. Buckingham Research lowered their price target on Stanley Black & Decker from $155.00 to $149.00 and set a neutral rating for the company in a research report on Tuesday, October 8th. Zacks Investment Research lowered Stanley Black & Decker from a hold rating to a sell rating and set a $154.00 price target for the company. in a research report on Monday. Gabelli lowered Stanley Black & Decker from a buy rating to a hold rating in a research report on Wednesday, July 24th. They noted that the move was a valuation call. Finally, Morgan Stanley reduced their price objective on Stanley Black & Decker from $165.00 to $161.00 and set an overweight rating for the company in a research note on Friday, September 27th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $156.12.
NYSE SWK traded up $1.41 on Tuesday, reaching $148.80. The company had a trading volume of 33,133 shares, compared to its average volume of 883,086. The stock has a market capitalization of $22.36 billion, a P/E ratio of 18.20, a P/E/G ratio of 1.98 and a beta of 1.40. The company’s fifty day moving average is $140.37 and its 200 day moving average is $141.03. Stanley Black & Decker has a 52-week low of $106.41 and a 52-week high of $154.10. The company has a quick ratio of 0.44, a current ratio of 0.95 and a debt-to-equity ratio of 0.52.
Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.11. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.81 billion. Stanley Black & Decker had a return on equity of 17.10% and a net margin of 4.97%. Stanley Black & Decker’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.57 EPS. On average, research analysts expect that Stanley Black & Decker will post 8.56 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be paid a $0.69 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $2.76 dividend on an annualized basis and a yield of 1.85%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 33.87%.
In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 9,850 shares of the company’s stock in a transaction on 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 completion of the transaction, the senior vice president now owns 45,706 shares in the company, valued at approximately $6,903,434.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.03% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Massey Quick Simon & CO. LLC grew its stake in shares of Stanley Black & Decker by 3,900.0% during the 3rd quarter. Massey Quick Simon & CO. LLC now owns 200 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 195 shares during the period. Doyle Wealth Management bought a new position in shares of Stanley Black & Decker during the 2nd quarter worth $30,000. Meeder Asset Management Inc. bought a new position in shares of Stanley Black & Decker during the 2nd quarter worth $36,000. Flagship Harbor Advisors LLC grew its stake in shares of Stanley Black & Decker by 134.5% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 272 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 156 shares during the period. Finally, Carroll Financial Associates Inc. grew its stake in shares of Stanley Black & Decker by 166.3% during the 3rd quarter. Carroll Financial Associates Inc. now owns 277 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 173 shares during the period. Institutional investors own 85.10% 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.
Featured Story: Why Invest in Dividend Achievers?
Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.