Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have earned an average recommendation of “Buy” from the sixteen brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $155.07.

A number of analysts recently weighed in on the stock. Morgan Stanley upped their price objective on shares of Stanley Black & Decker from $150.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Zacks Investment Research raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $168.00 price objective for the company in a research note on Tuesday, September 26th. BidaskClub raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. UBS AG reaffirmed a “buy” rating and issued a $160.00 price objective (up from $150.00) on shares of Stanley Black & Decker in a research note on Tuesday, July 25th. Finally, Instinet upped their price objective on shares of Stanley Black & Decker from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, June 28th.

Shares of Stanley Black & Decker (SWK) traded up 0.43% on Wednesday, reaching $156.49. 656,158 shares of the company’s stock traded hands. The stock has a 50-day moving average of $147.59 and a 200 day moving average of $140.95. The firm has a market cap of $23.97 billion, a P/E ratio of 20.04 and a beta of 1.06. Stanley Black & Decker has a 12-month low of $111.89 and a 12-month high of $157.68.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Monday, July 24th. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.05. The firm had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.18 billion. Stanley Black & Decker had a net margin of 9.92% and a return on equity of 15.36%. The business’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.84 earnings per share. On average, equities research analysts expect that Stanley Black & Decker will post $7.31 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Friday, September 1st were issued a $0.63 dividend. The ex-dividend date was Wednesday, August 30th. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.58. This represents a $2.52 dividend on an annualized basis and a yield of 1.61%. Stanley Black & Decker’s payout ratio is currently 32.31%.

In other news, insider John H. Wyatt sold 6,956 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $147.96, for a total transaction of $1,029,209.76. Following the transaction, the insider now owns 49,188 shares in the company, valued at $7,277,856.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Joseph R. Voelker sold 10,432 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $150.15, for a total transaction of $1,566,364.80. Following the transaction, the senior vice president now owns 25,810 shares in the company, valued at approximately $3,875,371.50. The disclosure for this sale can be found here. Insiders own 1.15% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. BB&T Investment Services Inc. acquired a new position in shares of Stanley Black & Decker during the second quarter valued at about $102,000. Acrospire Investment Management LLC increased its holdings in shares of Stanley Black & Decker by 100.0% during the second quarter. Acrospire Investment Management LLC now owns 800 shares of the industrial products company’s stock valued at $113,000 after acquiring an additional 400 shares in the last quarter. Farmers & Merchants Investments Inc. increased its holdings in shares of Stanley Black & Decker by 2.9% during the second quarter. Farmers & Merchants Investments Inc. now owns 823 shares of the industrial products company’s stock valued at $116,000 after acquiring an additional 23 shares in the last quarter. Independent Portfolio Consultants Inc. increased its holdings in shares of Stanley Black & Decker by 87.8% during the second quarter. Independent Portfolio Consultants Inc. now owns 986 shares of the industrial products company’s stock valued at $139,000 after acquiring an additional 461 shares in the last quarter. Finally, Harbour Capital Advisors LLC acquired a new position in shares of Stanley Black & Decker during the first quarter valued at about $140,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

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About Stanley Black & Decker

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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