Stanley Black & Decker, Inc. (SWK) Given Average Recommendation of “Buy” by Brokerages

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have received an average rating of “Buy” from the twenty analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $169.27.

A number of equities analysts have recently weighed in on SWK shares. 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 report on Tuesday, September 26th. Morgan Stanley raised shares of Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and set a $169.00 price objective for the company in a research report on Monday, October 2nd. KeyCorp boosted their price objective on shares of Stanley Black & Decker from $160.00 to $185.00 and gave the company a “hold” rating in a research report on Friday, October 13th. Wells Fargo & Co reissued an “outperform” rating and issued a $175.00 price objective (up previously from $165.00) on shares of Stanley Black & Decker in a research report on Wednesday, October 18th. Finally, Zelman & Associates raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th.

In related news, EVP Jeffrey D. Ansell sold 5,737 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $169.20, for a total value of $970,700.40. Following the completion of the sale, the executive vice president now directly owns 57,480 shares in the company, valued at $9,725,616. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Donald Allan sold 30,090 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $163.11, for a total transaction of $4,907,979.90. Following the sale, the chief financial officer now owns 129,203 shares of the company’s stock, valued at $21,074,301.33. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,606 shares of company stock valued at $20,938,546. 1.15% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BB&T Investment Services Inc. purchased a new stake in Stanley Black & Decker during the second quarter worth approximately $102,000. Acrospire Investment Management LLC grew its stake in 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 worth $113,000 after buying an additional 400 shares during the period. Rowland & Co. Investment Counsel ADV purchased a new stake in Stanley Black & Decker during the fourth quarter worth approximately $145,000. Bank of Nova Scotia Trust Co. purchased a new stake in Stanley Black & Decker during the third quarter worth approximately $141,000. Finally, Thompson Davis & CO. Inc. grew its stake in Stanley Black & Decker by 108.8% during the third quarter. Thompson Davis & CO. Inc. now owns 1,023 shares of the industrial products company’s stock worth $154,000 after buying an additional 533 shares during the period. Institutional investors own 84.08% of the company’s stock.

Stanley Black & Decker (NYSE:SWK) traded up $1.16 during trading hours on Friday, hitting $175.91. 1,095,082 shares of the stock were exchanged, compared to its average volume of 853,354. The company has a current ratio of 1.26, a quick ratio of 0.69 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $26,980.00, a price-to-earnings ratio of 22.21, a PEG ratio of 2.02 and a beta of 1.04. Stanley Black & Decker has a twelve month low of $119.25 and a twelve month high of $176.27.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.08. The business had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.15 billion. Stanley Black & Decker had a net margin of 9.79% and a return on equity of 15.41%. The company’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.68 earnings per share. equities analysts expect that Stanley Black & Decker will post 7.4 earnings per share for the current year.

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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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