Stanley Black & Decker (SWK) Given a $160.00 Price Target by Credit Suisse Group Analysts

Credit Suisse Group set a $160.00 target price on Stanley Black & Decker (NYSE:SWK) in a research report sent to investors on Wednesday morning, The Fly reports. The firm currently has a buy rating on the industrial products company’s stock.

Several other equities analysts have also recently issued reports on SWK. ValuEngine cut shares of Stanley Black & Decker from a hold rating to a sell rating in a research note on Wednesday, June 20th. Wolfe Research assumed coverage on shares of Stanley Black & Decker in a research note on Wednesday, June 27th. They issued a market perform rating for the company. Zacks Investment Research upgraded shares of Stanley Black & Decker from a hold rating to a buy rating and set a $148.00 price objective for the company in a research report on Saturday, July 7th. Barclays reduced their price objective on shares of Stanley Black & Decker from $181.00 to $164.00 and set an overweight rating for the company in a research report on Monday, July 9th. Finally, Wells Fargo & Co reduced their price objective on shares of Stanley Black & Decker from $194.00 to $168.00 and set an outperform rating for the company in a research report on Tuesday, July 17th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $176.94.

SWK opened at $118.10 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.94 and a debt-to-equity ratio of 0.38. Stanley Black & Decker has a 1 year low of $117.43 and a 1 year high of $176.62. The firm has a market capitalization of $18.43 billion, a P/E ratio of 15.85, a PEG ratio of 1.42 and a beta of 0.98.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Friday, July 20th. The industrial products company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.54. Stanley Black & Decker had a net margin of 7.52% and a return on equity of 16.54%. The firm had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same period in the previous year, the business posted $0.58 EPS. The business’s revenue was up 10.9% compared to the same quarter last year. As a group, equities research analysts forecast that Stanley Black & Decker will post 8.37 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Friday, November 30th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Thursday, November 29th. Stanley Black & Decker’s dividend payout ratio is presently 35.44%.

In other news, VP Jocelyn Belisle sold 1,185 shares of the company’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $139.04, for a total transaction of $164,762.40. Following the completion of the sale, the vice president now owns 12,766 shares of the company’s stock, valued at $1,774,984.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.69% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Fulton Bank N.A. grew its holdings in shares of Stanley Black & Decker by 9.1% during the third quarter. Fulton Bank N.A. now owns 5,032 shares of the industrial products company’s stock worth $737,000 after buying an additional 418 shares in the last quarter. Dumont & Blake Investment Advisors LLC grew its holdings in shares of Stanley Black & Decker by 6.0% during the third quarter. Dumont & Blake Investment Advisors LLC now owns 7,965 shares of the industrial products company’s stock worth $1,166,000 after buying an additional 450 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Stanley Black & Decker by 22.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 2,527 shares of the industrial products company’s stock worth $336,000 after buying an additional 464 shares in the last quarter. Aristotle Atlantic Partners LLC grew its holdings in shares of Stanley Black & Decker by 30.3% during the second quarter. Aristotle Atlantic Partners LLC now owns 2,066 shares of the industrial products company’s stock worth $274,000 after buying an additional 481 shares in the last quarter. Finally, United Capital Financial Advisers LLC grew its holdings in shares of Stanley Black & Decker by 9.1% in the first quarter. United Capital Financial Advisers LLC now owns 5,773 shares of the industrial products company’s stock valued at $871,000 after purchasing an additional 483 shares during the period. 83.62% of the stock is owned by institutional investors and hedge funds.

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

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