Brokerages Set Stanley Black & Decker, Inc. (NYSE:SWK) PT at $101.00

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have earned an average recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $101.00.

Several research analysts have recently issued reports on the stock. UBS Group upped their target price on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Barclays increased their target price on Stanley Black & Decker from $86.00 to $96.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group boosted their price target on Stanley Black & Decker from $82.00 to $94.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Robert W. Baird lifted their price objective on Stanley Black & Decker from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Finally, Wells Fargo & Company upped their target price on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st.

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock opened at $96.96 on Friday. The stock’s 50 day moving average is $88.96 and its 200 day moving average is $89.45. The company has a market capitalization of $14.92 billion, a P/E ratio of -140.52, a PEG ratio of 2.57 and a beta of 1.25. Stanley Black & Decker has a twelve month low of $76.26 and a twelve month high of $108.15. The company has a quick ratio of 0.42, a current ratio of 1.27 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.25. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.02 billion. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The company’s revenue was down 3.2% on a year-over-year basis. During the same period last year, the company earned ($0.11) earnings per share. On average, equities research analysts predict that Stanley Black & Decker will post 4.13 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.82 per share. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.81. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Tuesday, September 3rd. Stanley Black & Decker’s payout ratio is currently -475.36%.

Insider Transactions at Stanley Black & Decker

In other news, SVP Janet Link sold 13,520 shares of Stanley Black & Decker stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the transaction, the senior vice president now owns 31,960 shares in the company, valued at approximately $3,320,963.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Cerity Partners LLC lifted its holdings in Stanley Black & Decker by 11.3% during the fourth quarter. Cerity Partners LLC now owns 30,203 shares of the industrial products company’s stock valued at $2,963,000 after purchasing an additional 3,061 shares in the last quarter. Simplicity Solutions LLC purchased a new position in shares of Stanley Black & Decker during the 4th quarter valued at $427,000. Louisiana State Employees Retirement System bought a new position in Stanley Black & Decker in the 4th quarter worth $912,000. Flputnam Investment Management Co. bought a new stake in Stanley Black & Decker during the fourth quarter valued at about $276,000. Finally, Everence Capital Management Inc. lifted its position in shares of Stanley Black & Decker by 87.2% in the fourth quarter. Everence Capital Management Inc. now owns 7,150 shares of the industrial products company’s stock valued at $701,000 after acquiring an additional 3,330 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.