Shares of Stanley Black & Decker, Inc. (NYSE:SWK – Get Free Report) 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.
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Stanley Black & Decker Stock Performance
Stanley Black & Decker (NYSE:SWK – Get Free Report) 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.
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