Stanley Black & Decker, Inc. (NYSE:SWK) Receives Average Recommendation of “Buy” from Brokerages

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have received a consensus recommendation of “Buy” from the twenty-one analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $156.88.

Several brokerages recently issued reports on SWK. Gabelli cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call. Nomura upped their price objective on shares of Stanley Black & Decker from $160.00 to $163.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Deutsche Bank dropped their price objective on shares of Stanley Black & Decker from $167.00 to $163.00 and set a “buy” rating for the company in a research note on Friday, May 17th. TheStreet raised shares of Stanley Black & Decker from a “c+” rating to a “b” rating in a research note on Wednesday, April 24th. Finally, Buckingham Research upped their price objective on shares of Stanley Black & Decker from $154.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, July 26th.

In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 9,850 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $151.04, for a total value of $1,487,744.00. Following the transaction, the senior vice president now directly owns 45,706 shares in the company, valued at approximately $6,903,434.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jaime A. Ramirez sold 1,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $136.94, for a total transaction of $136,940.00. Following the completion of the transaction, the senior vice president now owns 38,356 shares in the company, valued at $5,252,470.64. The disclosure for this sale can be found here. Insiders own 1.03% of the company’s stock.

A number of large investors have recently bought and sold shares of SWK. Royal Bank of Canada increased its stake in Stanley Black & Decker by 23.9% during the 2nd quarter. Royal Bank of Canada now owns 1,059,839 shares of the industrial products company’s stock worth $153,264,000 after buying an additional 204,223 shares during the period. UBS Group AG increased its stake in Stanley Black & Decker by 12.6% during the 2nd quarter. UBS Group AG now owns 428,016 shares of the industrial products company’s stock worth $61,896,000 after buying an additional 47,832 shares during the period. Verition Fund Management LLC purchased a new stake in Stanley Black & Decker during the 2nd quarter worth approximately $1,139,000. HM Payson & Co. purchased a new stake in Stanley Black & Decker during the 2nd quarter worth approximately $60,000. Finally, Private Capital Group LLC increased its stake in Stanley Black & Decker by 7.3% during the 2nd quarter. Private Capital Group LLC now owns 6,113 shares of the industrial products company’s stock worth $812,000 after buying an additional 417 shares during the period. Institutional investors own 86.28% of the company’s stock.

NYSE SWK traded up $2.37 during trading hours on Friday, hitting $133.82. 886,900 shares of the company’s stock traded hands, compared to its average volume of 1,182,160. Stanley Black & Decker has a 52-week low of $106.41 and a 52-week high of $155.22. The company has a market capitalization of $19.95 billion, a PE ratio of 16.42, a PEG ratio of 1.71 and a beta of 1.36. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.95 and a quick ratio of 0.44. The firm’s 50-day moving average is $143.68 and its 200-day moving average is $139.06.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.11. Stanley Black & Decker had a net margin of 4.97% and a return on equity of 17.10%. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter in the prior year, the company earned $2.57 EPS. Stanley Black & Decker’s revenue was up 3.2% compared to the same quarter last year. Equities research analysts predict that Stanley Black & Decker will post 8.61 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 2.06%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, August 30th. Stanley Black & Decker’s payout ratio is presently 32.39%.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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

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