Stanley Black & Decker (NYSE:SWK) Sets New 12-Month High at $212.15

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $212.15 and last traded at $211.41, with a volume of 3606 shares traded. The stock had previously closed at $210.57.

A number of equities research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Stanley Black & Decker from $214.00 to $219.00 and gave the company an “overweight” rating in a research note on Tuesday, April 13th. Bank of America raised Stanley Black & Decker from an “underperform” rating to a “neutral” rating and upped their price target for the company from $185.00 to $205.00 in a report on Thursday, March 18th. UBS Group raised their price objective on Stanley Black & Decker from $227.00 to $241.00 and gave the stock a “buy” rating in a research note on Monday, February 1st. Credit Suisse Group upped their target price on Stanley Black & Decker from $177.00 to $188.00 and gave the company a “neutral” rating in a report on Friday, January 29th. Finally, Morgan Stanley boosted their price objective on Stanley Black & Decker from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, April 29th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Stanley Black & Decker presently has an average rating of “Buy” and a consensus target price of $195.77.

The company has a debt-to-equity ratio of 0.52, a current ratio of 1.37 and a quick ratio of 0.69. The company has a market capitalization of $34.33 billion, a price-to-earnings ratio of 34.40, a price-to-earnings-growth ratio of 2.68 and a beta of 1.47. The business has a fifty day moving average price of $201.64 and a 200 day moving average price of $183.88.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, April 27th. The industrial products company reported $3.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.56 by $0.57. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.91 billion. Stanley Black & Decker had a return on equity of 15.05% and a net margin of 6.98%. Stanley Black & Decker’s revenue for the quarter was up 34.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.20 EPS. As a group, sell-side analysts predict that Stanley Black & Decker, Inc. will post 8.71 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 22nd. Shareholders of record on Tuesday, June 8th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, June 7th. This represents a $2.80 annualized dividend and a yield of 1.32%. Stanley Black & Decker’s dividend payout ratio is currently 33.33%.

In related news, EVP Jeffrey D. Ansell sold 3,304 shares of the stock in a transaction that occurred on Wednesday, March 17th. The stock was sold at an average price of $190.53, for a total transaction of $629,511.12. Following the sale, the executive vice president now directly owns 25,090 shares in the company, valued at approximately $4,780,397.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at approximately $287,044,000. JPMorgan Chase & Co. lifted its position in Stanley Black & Decker by 12.5% during the 4th quarter. JPMorgan Chase & Co. now owns 13,344,450 shares of the industrial products company’s stock valued at $2,382,785,000 after purchasing an additional 1,485,347 shares during the period. Morgan Stanley grew its position in shares of Stanley Black & Decker by 131.4% during the 4th quarter. Morgan Stanley now owns 1,719,735 shares of the industrial products company’s stock worth $307,075,000 after buying an additional 976,663 shares during the period. Ceredex Value Advisors LLC lifted its holdings in Stanley Black & Decker by 51.7% in the fourth quarter. Ceredex Value Advisors LLC now owns 946,322 shares of the industrial products company’s stock valued at $168,976,000 after buying an additional 322,409 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in Stanley Black & Decker by 30.3% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 977,329 shares of the industrial products company’s stock worth $174,512,000 after acquiring an additional 227,349 shares during the period. Institutional investors own 85.41% of the company’s stock.

About Stanley Black & Decker (NYSE:SWK)

Stanley Black & Decker, Inc engages in the 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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