Stanley Black & Decker (NYSE:SWK) Price Target Raised to $100.00 at Barclays

Stanley Black & Decker (NYSE:SWK) had its target price raised by Barclays from $96.00 to $100.00 in a research report released on Wednesday morning, Benzinga reports. The firm currently has an equal weight rating on the industrial products company’s stock.

A number of other analysts have also commented on SWK. Robert W. Baird boosted their target price on Stanley Black & Decker from $78.00 to $80.00 and gave the company a neutral rating in a research report on Monday, July 29th. Wells Fargo & Company boosted their price objective on Stanley Black & Decker from $85.00 to $110.00 and gave the stock an equal weight rating in a report on Wednesday, July 31st. UBS Group boosted their price objective on Stanley Black & Decker from $110.00 to $121.00 and gave the stock a buy rating in a report on Wednesday, July 31st. Morgan Stanley started coverage on Stanley Black & Decker in a report on Friday, September 6th. They set an equal weight rating and a $107.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an underweight rating in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $102.25.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock opened at $107.38 on Wednesday. Stanley Black & Decker has a one year low of $76.26 and a one year high of $110.88. The firm has a market capitalization of $16.52 billion, a price-to-earnings ratio of -155.62, a PEG ratio of 2.89 and a beta of 1.24. The business has a 50-day simple moving average of $101.07 and a 200 day simple moving average of $92.57. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.25. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same period in the previous year, the company posted ($0.11) EPS. The firm’s revenue was down 3.2% compared to the same quarter last year. On average, research analysts anticipate that Stanley Black & Decker will post 4.22 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a $0.82 dividend. The ex-dividend date was Tuesday, September 3rd. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. This represents a $3.28 annualized dividend and a dividend yield of 3.05%. Stanley Black & Decker’s dividend payout ratio is currently -475.36%.

Insider Activity

In other news, SVP Janet Link sold 13,520 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $103.91, for a total value of $1,404,863.20. Following the completion of the transaction, the senior vice president now directly owns 31,960 shares of the company’s stock, valued at $3,320,963.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Stanley Black & Decker

Several institutional investors have recently bought and sold shares of SWK. Cambridge Investment Research Advisors Inc. lifted its stake in Stanley Black & Decker by 9.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 19,641 shares of the industrial products company’s stock valued at $1,927,000 after purchasing an additional 1,771 shares during the last quarter. Parallel Advisors LLC lifted its stake in Stanley Black & Decker by 37.1% in the fourth quarter. Parallel Advisors LLC now owns 884 shares of the industrial products company’s stock valued at $87,000 after purchasing an additional 239 shares during the last quarter. TD Asset Management Inc lifted its stake in Stanley Black & Decker by 13.2% in the fourth quarter. TD Asset Management Inc now owns 56,311 shares of the industrial products company’s stock valued at $5,524,000 after purchasing an additional 6,584 shares during the last quarter. Bank of Nova Scotia lifted its stake in Stanley Black & Decker by 9.9% in the fourth quarter. Bank of Nova Scotia now owns 14,676 shares of the industrial products company’s stock valued at $1,440,000 after purchasing an additional 1,323 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Stanley Black & Decker in the fourth quarter valued at approximately $559,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.