Wells Fargo & Company Issues Positive Forecast for Stanley Black & Decker (NYSE:SWK) Stock Price

Stanley Black & Decker (NYSE:SWK) had its price objective hoisted by Wells Fargo & Company from $75.00 to $80.00 in a report issued on Monday morning,Benzinga reports. They currently have an equal weight rating on the industrial products company’s stock.

A number of other brokerages have also issued reports on SWK. Robert W. Baird upped their price target on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Saturday, September 27th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $80.00 price target on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Jefferies Financial Group set a $86.00 price target on Stanley Black & Decker and gave the company a “buy” rating in a research note on Monday, August 18th. Finally, Wolfe Research upgraded Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, July 8th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus target price of $89.90.

Stanley Black & Decker Stock Down 1.3%

Stanley Black & Decker stock opened at $74.46 on Monday. Stanley Black & Decker has a 1-year low of $53.91 and a 1-year high of $109.91. The business has a fifty day moving average price of $74.05 and a 200-day moving average price of $69.36. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34. The stock has a market capitalization of $11.53 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 1.56 and a beta of 1.19.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.70. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The company had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same period last year, the business posted $1.09 earnings per share. The firm’s revenue was down 6.2% compared to the same quarter last year. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. Equities research analysts forecast that Stanley Black & Decker will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $0.83 dividend. The ex-dividend date was Tuesday, September 2nd. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.82. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.5%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 105.40%.

Institutional Investors Weigh In On Stanley Black & Decker

Several hedge funds have recently bought and sold shares of the stock. Golden State Wealth Management LLC grew its stake in shares of Stanley Black & Decker by 1,138.5% during the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 296 shares during the period. Princeton Global Asset Management LLC acquired a new stake in Stanley Black & Decker during the second quarter valued at $25,000. 1248 Management LLC purchased a new position in Stanley Black & Decker in the first quarter valued at $26,000. Chapman Financial Group LLC acquired a new position in shares of Stanley Black & Decker in the second quarter worth about $26,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Stanley Black & Decker during the 2nd quarter worth about $28,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.