Stanley Black & Decker, Inc. (NYSE:SWK) has earned an average recommendation of “Buy” from the twenty research firms that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $180.31.
Several analysts have recently weighed in on SWK shares. Barclays raised their target price on Stanley Black & Decker from $164.00 to $166.00 and gave the company a “$138.69” rating in a research note on Monday, July 23rd. Morgan Stanley started coverage on Stanley Black & Decker in a research note on Monday, August 20th. They set an “overweight” rating and a $164.00 target price for the company. UBS Group lowered their target price on Stanley Black & Decker from $195.00 to $190.00 and set a “buy” rating for the company in a research note on Thursday, August 30th. Macquarie lowered their target price on Stanley Black & Decker from $180.00 to $175.00 and set an “outperform” rating for the company in a research note on Thursday, September 6th. Finally, Zacks Investment Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $148.00 target price for the company in a research note on Saturday, July 7th.
Shares of Stanley Black & Decker stock traded down $0.34 during trading hours on Thursday, hitting $148.59. 4,851 shares of the company’s stock traded hands, compared to its average volume of 1,286,919. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.94 and a quick ratio of 0.51. The company has a market capitalization of $22.82 billion, a PE ratio of 20.00, a P/E/G ratio of 1.76 and a beta of 1.00. Stanley Black & Decker has a twelve month low of $130.56 and a twelve month high of $176.62.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 18th. Investors of record on Friday, September 7th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.78%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Thursday, September 6th. Stanley Black & Decker’s dividend payout ratio (DPR) is 35.44%.
In related news, VP Jocelyn Belisle sold 1,185 shares of Stanley Black & Decker stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $139.04, for a total value of $164,762.40. Following the completion of the transaction, the vice president now directly owns 12,766 shares in the company, valued at $1,774,984.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.69% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of SWK. Federated Investors Inc. PA raised its stake in Stanley Black & Decker by 185.0% in the first quarter. Federated Investors Inc. PA now owns 34,390 shares of the industrial products company’s stock valued at $5,269,000 after purchasing an additional 22,324 shares in the last quarter. Norinchukin Bank The raised its stake in Stanley Black & Decker by 14.6% in the first quarter. Norinchukin Bank The now owns 14,050 shares of the industrial products company’s stock valued at $2,152,000 after purchasing an additional 1,789 shares in the last quarter. IFM Investors Pty Ltd raised its stake in Stanley Black & Decker by 10.7% in the first quarter. IFM Investors Pty Ltd now owns 4,745 shares of the industrial products company’s stock valued at $727,000 after purchasing an additional 458 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Stanley Black & Decker in the first quarter valued at approximately $693,000. Finally, Hsbc Holdings PLC raised its stake in Stanley Black & Decker by 18.2% in the first quarter. Hsbc Holdings PLC now owns 224,053 shares of the industrial products company’s stock valued at $34,327,000 after purchasing an additional 34,441 shares in the last quarter. Institutional investors and hedge funds own 83.52% of the company’s stock.
About Stanley Black & Decker
Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.
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