Stanley Black & Decker (NYSE:SWK) Hits New 52-Week High – Here’s What Happened

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) reached a new 52-week high during trading on Wednesday . The company traded as high as $95.01 and last traded at $94.2530, with a volume of 2269440 shares. The stock had previously closed at $93.65.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SWK shares. Wall Street Zen raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. JPMorgan Chase & Co. boosted their target price on Stanley Black & Decker from $65.00 to $75.00 and gave the company an “underweight” rating in a research report on Friday, May 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Monday, April 20th. Barclays decreased their price target on Stanley Black & Decker from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Finally, Wells Fargo & Company boosted their price objective on Stanley Black & Decker from $80.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, June 18th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $88.44.

Stanley Black & Decker Stock Up 0.6%

The firm has a market capitalization of $14.65 billion, a PE ratio of 38.63, a PEG ratio of 1.31 and a beta of 1.19. The company has a fifty day simple moving average of $80.48 and a two-hundred day simple moving average of $78.89. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.43 and a current ratio of 1.14.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.61 by $0.19. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.75 billion. Stanley Black & Decker had a return on equity of 7.95% and a net margin of 2.44%.The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. Analysts forecast that Stanley Black & Decker, Inc. will post 5.35 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Monday, June 8th were given a dividend of $0.83 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $3.32 dividend on an annualized basis and a yield of 3.5%. Stanley Black & Decker’s dividend payout ratio (DPR) is 136.07%.

Institutional Investors Weigh In On Stanley Black & Decker

Hedge funds have recently modified their holdings of the business. GoalVest Advisory LLC bought a new position in Stanley Black & Decker in the fourth quarter worth approximately $26,000. Chapman Financial Group LLC bought a new stake in Stanley Black & Decker during the 2nd quarter valued at $26,000. CYBER HORNET ETFs LLC bought a new stake in Stanley Black & Decker during the 2nd quarter valued at $28,000. Kovack Advisors Inc. purchased a new position in shares of Stanley Black & Decker in the 4th quarter valued at $28,000. Finally, Motiv8 Investments LLC bought a new position in shares of Stanley Black & Decker in the 4th quarter worth $31,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

About Stanley Black & Decker

Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.