Stanley Black & Decker (NYSE:SWK) PT Lowered to $154.00

Stanley Black & Decker (NYSE:SWK) had its target price decreased by Buckingham Research from $157.00 to $154.00 in a report released on Wednesday morning, BenzingaRatingsTable reports. Buckingham Research currently has a neutral rating on the industrial products company’s stock.

Several other equities research analysts have also weighed in on the stock. Longbow Research upgraded shares of Stanley Black & Decker from a neutral rating to a buy rating and set a $160.00 target price on the stock in a report on Friday, March 22nd. Morgan Stanley cut their target price on shares of RPC from $12.00 to $9.50 and set an underperform rating on the stock in a report on Thursday, April 25th. Zelman & Associates upgraded shares of Stanley Black & Decker from a hold rating to a buy rating in a report on Tuesday, May 21st. Wells Fargo & Co assumed coverage on shares of Tradeweb Markets in a report on Monday, April 29th. They issued a market perform rating and a $40.00 target price on the stock. Finally, Gabelli set a $160.00 target price on shares of Stanley Black & Decker and gave the stock a buy rating in a report on Friday, May 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $157.18.

Shares of SWK stock opened at $143.55 on Wednesday. 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 $21.59 billion, a PE ratio of 17.61, a PEG ratio of 1.86 and a beta of 1.36. The company has a current ratio of 0.91, a quick ratio of 0.43 and a debt-to-equity ratio of 0.54. The firm has a 50 day simple moving average of $141.81.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.32. Stanley Black & Decker had a net margin of 4.57% and a return on equity of 17.01%. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.30 billion. During the same period last year, the firm earned $1.39 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, analysts forecast that Stanley Black & Decker will post 8.62 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.92%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, August 30th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 32.39%.

In related news, insider Robert H. Raff, Jr. sold 6,179 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $151.66, for a total transaction of $937,107.14. Following the sale, the insider now directly owns 14,116 shares in the company, valued at $2,140,832.56. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jaime A. Ramirez sold 1,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $136.94, for a total transaction of $136,940.00. Following the sale, 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. Over the last 90 days, insiders have sold 107,267 shares of company stock worth $15,737,849. 1.03% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of SWK. Norges Bank acquired a new stake in shares of Stanley Black & Decker during the fourth quarter worth $164,721,000. Pzena Investment Management LLC increased its stake in Stanley Black & Decker by 96.1% in the 1st quarter. Pzena Investment Management LLC now owns 2,423,147 shares of the industrial products company’s stock valued at $329,960,000 after buying an additional 1,187,163 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Stanley Black & Decker by 65.9% in the 1st quarter. Neuberger Berman Group LLC now owns 2,286,526 shares of the industrial products company’s stock valued at $311,287,000 after buying an additional 908,040 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Stanley Black & Decker by 8.5% in the 1st quarter. JPMorgan Chase & Co. now owns 11,386,607 shares of the industrial products company’s stock valued at $1,550,513,000 after buying an additional 893,269 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its stake in Stanley Black & Decker by 12.0% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 3,295,416 shares of the industrial products company’s stock valued at $394,593,000 after buying an additional 353,027 shares during the last quarter. Institutional investors and hedge funds own 86.35% of the company’s stock.

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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