Brokerages Set Stanley Black & Decker, Inc. (SWK) PT at $152.92

Stanley Black & Decker, Inc. (NYSE:SWK) has received a consensus recommendation of “Buy” from the sixteen analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $152.92.

Several research analysts have commented on SWK shares. BidaskClub downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Seaport Global Securities started coverage on Stanley Black & Decker in a research note on Friday, June 16th. They set a “buy” rating and a $160.00 target price for the company. Morgan Stanley reissued an “equal weight” rating and set a $150.00 target price (up previously from $148.00) on shares of Stanley Black & Decker in a research note on Tuesday, July 25th. Robert W. Baird reissued a “hold” rating and set a $150.00 target price on shares of Stanley Black & Decker in a research note on Monday, August 28th. Finally, Instinet boosted their target price on Stanley Black & Decker from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, June 28th.

Shares of Stanley Black & Decker (SWK) traded up 0.82% during midday trading on Friday, hitting $151.04. 697,801 shares of the company were exchanged. The company has a 50-day moving average of $141.72 and a 200 day moving average of $138.27. Stanley Black & Decker has a one year low of $111.89 and a one year high of $151.24. The company has a market capitalization of $23.13 billion, a P/E ratio of 19.34 and a beta of 1.10.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Monday, July 24th. The industrial products company reported $2.01 EPS for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.05. The business had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.18 billion. Stanley Black & Decker had a return on equity of 15.36% and a net margin of 9.92%. Stanley Black & Decker’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.84 earnings per share. On average, equities research analysts expect that Stanley Black & Decker will post $7.30 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.63 per share. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.58. This represents a $2.52 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Wednesday, August 30th. Stanley Black & Decker’s payout ratio is 32.31%.

ILLEGAL ACTIVITY WARNING: This article was first published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://www.chaffeybreeze.com/2017/09/19/brokerages-set-stanley-black-decker-inc-swk-pt-at-152-92.html.

In other news, insider John H. Wyatt sold 6,956 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $147.96, for a total transaction of $1,029,209.76. Following the sale, the insider now directly owns 49,188 shares in the company, valued at $7,277,856.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.15% of the company’s stock.

A number of hedge funds have recently made changes to their positions in SWK. Xact Kapitalforvaltning AB boosted its holdings in Stanley Black & Decker by 7.2% in the first quarter. Xact Kapitalforvaltning AB now owns 30,111 shares of the industrial products company’s stock valued at $4,001,000 after acquiring an additional 2,011 shares during the last quarter. Pictet Asset Management Ltd. boosted its holdings in Stanley Black & Decker by 39.2% in the first quarter. Pictet Asset Management Ltd. now owns 648,020 shares of the industrial products company’s stock valued at $86,102,000 after acquiring an additional 182,400 shares during the last quarter. Dumont & Blake Investment Advisors LLC boosted its holdings in Stanley Black & Decker by 0.7% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 8,760 shares of the industrial products company’s stock valued at $1,164,000 after acquiring an additional 60 shares during the last quarter. LS Investment Advisors LLC boosted its holdings in Stanley Black & Decker by 19.1% in the first quarter. LS Investment Advisors LLC now owns 25,084 shares of the industrial products company’s stock valued at $3,333,000 after acquiring an additional 4,030 shares during the last quarter. Finally, Carnick & Kubik Group LLC boosted its holdings in Stanley Black & Decker by 9.1% in the first quarter. Carnick & Kubik Group LLC now owns 7,698 shares of the industrial products company’s stock valued at $1,023,000 after acquiring an additional 645 shares during the last quarter. Institutional investors and hedge funds own 83.61% of the company’s stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

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

Receive News & Ratings for Stanley Black & Decker Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply