Stanley Black & Decker, Inc. (NYSE:SWK) has been assigned a consensus recommendation of “Buy” from the sixteen analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $152.92.

A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a report on Thursday, June 22nd. FBR & Co reiterated an “outperform” rating on shares of Stanley Black & Decker in a report on Tuesday, July 11th. MKM Partners assumed coverage on Stanley Black & Decker in a report on Friday, July 7th. They issued a “buy” rating and a $166.00 price objective for the company. UBS AG reiterated a “buy” rating and issued a $160.00 price objective (up previously from $150.00) on shares of Stanley Black & Decker in a report on Tuesday, July 25th. Finally, BidaskClub downgraded Stanley Black & Decker from a “hold” rating to a “sell” rating in a report on Saturday, August 5th.

In other Stanley Black & Decker news, insider John H. Wyatt sold 6,956 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $147.96, for a total value of $1,029,209.76. Following the completion of the transaction, the insider now directly owns 49,188 shares of the company’s stock, valued at $7,277,856.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.15% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Stanley Black & Decker by 2.6% in the second quarter. Vanguard Group Inc. now owns 11,396,761 shares of the industrial products company’s stock valued at $1,603,865,000 after acquiring an additional 287,124 shares during the period. BlackRock Inc. boosted its position in shares of Stanley Black & Decker by 1,670.7% during the first quarter. BlackRock Inc. now owns 10,447,937 shares of the industrial products company’s stock worth $1,388,216,000 after buying an additional 9,857,885 shares during the period. State Street Corp boosted its position in shares of Stanley Black & Decker by 3.2% during the first quarter. State Street Corp now owns 7,828,768 shares of the industrial products company’s stock worth $1,040,211,000 after buying an additional 244,854 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Stanley Black & Decker by 0.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,619,158 shares of the industrial products company’s stock worth $480,878,000 after buying an additional 15,721 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Stanley Black & Decker by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,193,176 shares of the industrial products company’s stock worth $291,398,000 after buying an additional 41,688 shares during the period. 83.74% of the stock is owned by hedge funds and other institutional investors.

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Stanley Black & Decker (NYSE:SWK) traded up 0.22% during trading on Friday, hitting $148.04. The company had a trading volume of 1,232,025 shares. The company has a market capitalization of $22.67 billion, a price-to-earnings ratio of 18.96 and a beta of 1.10. Stanley Black & Decker has a 12-month low of $111.89 and a 12-month high of $148.36. The firm has a 50-day moving average of $141.44 and a 200 day moving average of $137.97.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Monday, July 24th. The industrial products company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.05. The business had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.18 billion. Stanley Black & Decker had a return on equity of 15.36% and a net margin of 9.92%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.84 earnings per share. On average, equities research analysts forecast that Stanley Black & Decker will post $7.30 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Friday, September 1st will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.70%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.58. The ex-dividend date is Wednesday, August 30th. Stanley Black & Decker’s payout ratio is presently 32.31%.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

Analyst Recommendations for Stanley Black & Decker (NYSE:SWK)

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