Stanley Black & Decker, Inc. (NYSE:SWK – Get Rating) has received an average recommendation of “Hold” from the seventeen research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $170.69.
Several equities analysts have recently issued reports on the stock. Credit Suisse Group assumed coverage on shares of Stanley Black & Decker in a report on Tuesday, April 5th. They set an “outperform” rating and a $165.00 target price for the company. StockNews.com upgraded shares of Stanley Black & Decker from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. Bank of America lowered their target price on shares of Stanley Black & Decker from $165.00 to $140.00 and set an “underperform” rating for the company in a report on Wednesday, March 9th. TheStreet lowered shares of Stanley Black & Decker from a “b-” rating to a “c+” rating in a report on Wednesday, March 30th. Finally, Robert W. Baird lowered their target price on shares of Stanley Black & Decker from $230.00 to $188.00 in a report on Monday, April 25th.
SWK traded up $1.43 on Friday, hitting $117.58. The company had a trading volume of 65,935 shares, compared to its average volume of 2,476,909. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.89 and a quick ratio of 0.32. Stanley Black & Decker has a 52-week low of $115.77 and a 52-week high of $219.59. The stock has a fifty day simple moving average of $136.78 and a 200-day simple moving average of $164.27. The firm has a market capitalization of $17.75 billion, a P/E ratio of 13.79, a P/E/G ratio of 1.31 and a beta of 1.37.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 21st. Shareholders of record on Tuesday, June 7th will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Monday, June 6th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 37.53%.
In other Stanley Black & Decker news, CAO Jocelyn Belisle sold 3,244 shares of Stanley Black & Decker stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $157.71, for a total value of $511,611.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Stephen Subasic sold 6,611 shares of Stanley Black & Decker stock in a transaction that occurred on Friday, February 25th. The stock was sold at an average price of $155.91, for a total transaction of $1,030,721.01. The disclosure for this sale can be found here. Insiders own 0.93% of the company’s stock.
Several hedge funds have recently modified their holdings of SWK. Vanguard Group Inc. grew its position in shares of Stanley Black & Decker by 17.5% during the 1st quarter. Vanguard Group Inc. now owns 18,623,594 shares of the industrial products company’s stock valued at $2,603,393,000 after acquiring an additional 2,774,661 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Stanley Black & Decker during the 4th quarter valued at $402,247,000. Norges Bank bought a new stake in shares of Stanley Black & Decker during the 4th quarter valued at $293,104,000. Parnassus Investments LLC bought a new stake in shares of Stanley Black & Decker during the 1st quarter valued at $181,765,000. Finally, Gates Capital Management Inc. bought a new position in Stanley Black & Decker in the 1st quarter worth $160,712,000. 88.60% of the stock is owned by hedge funds and other institutional investors.
Stanley Black & Decker Company Profile (Get Rating)
Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.
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