Stanley Black & Decker (NYSE:SWK) Price Target Raised to $104.00

Stanley Black & Decker (NYSE:SWK) had its target price hoisted by Robert W. Baird from $94.00 to $104.00 in a research note issued to investors on Monday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the industrial products company’s stock.

Several other equities analysts also recently commented on the company. Wells Fargo & Company cut their target price on Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Morgan Stanley started coverage on Stanley Black & Decker in a research report on Friday, September 6th. They set an “equal weight” rating and a $107.00 target price for the company. Barclays raised their target price on Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. raised their target price on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research report on Monday, August 5th. Finally, The Goldman Sachs Group lifted their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Stanley Black & Decker has a consensus rating of “Hold” and a consensus price target of $106.13.

Stanley Black & Decker Stock Performance

SWK opened at $102.89 on Monday. The firm has a market capitalization of $15.84 billion, a P/E ratio of -53.04, a price-to-earnings-growth ratio of 2.78 and a beta of 1.24. The stock’s 50 day moving average price is $103.35 and its two-hundred day moving average price is $93.58. 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 has a 12-month low of $76.57 and a 12-month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.25. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter last year, the company earned ($0.11) EPS. The company’s quarterly revenue was down 3.2% on a year-over-year basis. On average, equities analysts forecast that Stanley Black & Decker will post 4.18 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a yield of 3.19%. Stanley Black & Decker’s payout ratio is -169.07%.

Insider Buying and Selling at Stanley Black & Decker

In other news, SVP Janet Link sold 13,520 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $103.91, for a total value of $1,404,863.20. Following the sale, the senior vice president now directly owns 31,960 shares in the company, valued at $3,320,963.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.50% of the company’s stock.

Institutional Trading of Stanley Black & Decker

Several institutional investors and hedge funds have recently bought and sold shares of SWK. Rise Advisors LLC raised its holdings in Stanley Black & Decker by 99.3% during the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 133 shares in the last quarter. AlphaMark Advisors LLC acquired a new position in Stanley Black & Decker during the second quarter worth approximately $32,000. EverSource Wealth Advisors LLC increased its position in Stanley Black & Decker by 81.4% during the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock worth $42,000 after buying an additional 237 shares during the last quarter. Summit Securities Group LLC acquired a new position in Stanley Black & Decker during the second quarter worth approximately $56,000. Finally, Waldron Private Wealth LLC acquired a new position in Stanley Black & Decker during the third quarter worth approximately $59,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Company Profile

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.