Stanley Black & Decker, Inc. (NYSE:SWK) Given Average Rating of “Hold” by Analysts

Stanley Black & Decker, Inc. (NYSE:SWKGet Rating) has been assigned a consensus recommendation of “Hold” from the seventeen brokerages that are currently covering the stock, Marketbeat reports. One 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 twelve-month price objective among analysts that have issued ratings on the stock in the last year is $170.69.

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Stanley Black & Decker from $170.00 to $159.00 and set a “neutral” rating on the stock in a report on Wednesday, April 20th. Bank of America lowered their price objective on shares of Stanley Black & Decker from $165.00 to $140.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 9th. Credit Suisse Group started coverage on shares of Stanley Black & Decker in a research report on Tuesday, April 5th. They set an “outperform” rating and a $165.00 price objective on the stock. Citigroup lowered their price objective on shares of Stanley Black & Decker from $145.00 to $110.00 in a research report on Friday, April 29th. Finally, StockNews.com upgraded shares of Stanley Black & Decker from a “sell” rating to a “hold” rating in a research report on Thursday.

In other news, CAO Jocelyn Belisle sold 3,244 shares of the firm’s stock in a transaction on Monday, March 7th. The shares were sold at an average price of $157.71, for a total transaction of $511,611.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Stephen Subasic sold 6,611 shares of the firm’s stock in a transaction on Friday, February 25th. The shares were 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. 0.93% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the business. First Commonwealth Financial Corp PA grew its position in Stanley Black & Decker by 16.7% in the first quarter. First Commonwealth Financial Corp PA now owns 3,345 shares of the industrial products company’s stock worth $468,000 after acquiring an additional 479 shares in the last quarter. Wexford Capital LP purchased a new position in Stanley Black & Decker in the first quarter worth about $7,199,000. Renaissance Technologies LLC purchased a new position in shares of Stanley Black & Decker during the first quarter valued at approximately $34,970,000. Ariel Investments LLC boosted its position in shares of Stanley Black & Decker by 24.5% during the first quarter. Ariel Investments LLC now owns 441,881 shares of the industrial products company’s stock valued at $61,771,000 after buying an additional 87,066 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Stanley Black & Decker by 0.4% during the first quarter. Northern Trust Corp now owns 1,703,212 shares of the industrial products company’s stock valued at $238,092,000 after buying an additional 6,239 shares during the period. 88.60% of the stock is owned by institutional investors and hedge funds.

NYSE:SWK opened at $121.61 on Friday. The company’s 50 day moving average price is $138.66 and its 200-day moving average price is $165.76. Stanley Black & Decker has a 52 week low of $117.53 and a 52 week high of $219.59. The company has a quick ratio of 0.32, a current ratio of 0.89 and a debt-to-equity ratio of 0.61. The stock has a market cap of $18.36 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 1.34 and a beta of 1.37.

Stanley Black & Decker (NYSE:SWKGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The industrial products company reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.40. Stanley Black & Decker had a net margin of 8.07% and a return on equity of 16.16%. The firm had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.62 billion. During the same quarter in the prior year, the company posted $3.13 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Stanley Black & Decker will post 10.04 earnings per share for the current year.

The firm also recently declared 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. The ex-dividend date is Monday, June 6th. This represents a $3.16 annualized dividend and a yield of 2.60%. Stanley Black & Decker’s payout ratio is presently 37.53%.

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

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