Stanley Black & Decker Inc. (NYSE:SWK) Receives Consensus Recommendation of “Hold” from Analysts
Stanley Black & Decker Inc. (NYSE:SWK) has received an average rating of “Hold” from the fourteen research firms that are currently covering the stock. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $119.78.
Several equities analysts have commented on SWK shares. Zacks Investment Research raised Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a research report on Monday, September 26th. Argus reaffirmed a “hold” rating on shares of Stanley Black & Decker in a research report on Tuesday, July 26th. Imperial Capital upped their price objective on Stanley Black & Decker from $107.00 to $125.00 and gave the company an “in-line” rating in a research report on Monday, July 25th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Stanley Black & Decker in a research report on Tuesday, June 28th. Finally, Longbow Research downgraded Stanley Black & Decker from a “buy” rating to a “neutral” rating in a research report on Monday, August 22nd.
In related news, CFO Lee B. Mcchesney sold 1,875 shares of the firm’s stock in a transaction dated Thursday, July 14th. The stock was sold at an average price of $118.06, for a total transaction of $221,362.50. Following the sale, the chief financial officer now owns 28,679 shares of the company’s stock, valued at $3,385,842.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Steven J. Stafstrom sold 2,407 shares of the firm’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $121.96, for a total value of $293,557.72. Following the sale, the vice president now directly owns 24,656 shares in the company, valued at approximately $3,007,045.76. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/10/stanley-black-decker-inc-nyseswk-receives-consensus-recommendation-of-hold-from-analysts.html
A number of large investors have recently modified their holdings of SWK. Renaissance Technologies LLC boosted its stake in Stanley Black & Decker by 248.5% in the first quarter. Renaissance Technologies LLC now owns 513,962 shares of the company’s stock worth $54,074,000 after buying an additional 366,500 shares during the period. BB&T Securities LLC boosted its stake in Stanley Black & Decker by 1,106.3% in the first quarter. BB&T Securities LLC now owns 50,775 shares of the company’s stock worth $5,342,000 after buying an additional 46,566 shares during the period. British Airways Pensions Investment Management Ltd acquired a new stake in Stanley Black & Decker during the second quarter worth approximately $25,594,000. National Pension Service boosted its stake in Stanley Black & Decker by 4.5% in the first quarter. National Pension Service now owns 94,664 shares of the company’s stock worth $9,960,000 after buying an additional 4,105 shares during the period. Finally, Sunriver Management LLC boosted its stake in Stanley Black & Decker by 15.2% in the first quarter. Sunriver Management LLC now owns 132,940 shares of the company’s stock worth $13,987,000 after buying an additional 17,552 shares during the period. 83.96% of the stock is currently owned by institutional investors.
Stanley Black & Decker (NYSE:SWK) traded down 0.75% during mid-day trading on Monday, reaching $121.35. 379,786 shares of the company traded hands. The company’s 50 day moving average price is $122.27 and its 200 day moving average price is $115.63. Stanley Black & Decker has a 12-month low of $88.72 and a 12-month high of $124.86. The firm has a market capitalization of $18.25 billion, a P/E ratio of 18.95 and a beta of 1.38.
Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Friday, July 22nd. The company reported $1.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.12. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.90 billion. Stanley Black & Decker had a return on equity of 16.96% and a net margin of 8.47%. Stanley Black & Decker’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.54 EPS. Equities research analysts predict that Stanley Black & Decker will post $6.48 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 20th. Investors of record on Friday, September 2nd were given a dividend of $0.58 per share. The ex-dividend date was Wednesday, August 31st. This represents a $2.32 dividend on an annualized basis and a yield of 1.90%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.55. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 36.19%.
About Stanley Black & Decker
Stanley Black & Decker, Inc is a provider of hand tools, power tools and related accessories, mechanical access solutions (automatic doors and commercial locking systems), electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.
Receive News & Ratings for Stanley Black & Decker Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker Inc. and related companies with MarketBeat.com's FREE daily email newsletter.