Stanley Black & Decker, Inc. (NYSE:SWK) Receives Medium Analyst Rating of “Hold”

Shares of Stanley Black & Decker, Inc. (NYSE:SWK – Get Rating) received a consensus recommendation of “Hold” by the fifteen research firms that cover the stock, Marketbeat.com reports. Two investment analysts rated the stock with a sell recommendation, six gave the company a hold recommendation and three gave the company a buy recommendation. The 1-year average price target among analysts who have rated the stock over the past year is $116.27.

A number of analysts have commented on SWK shares. Credit Suisse Group cut its price target on Stanley Black & Decker from $165.00 to $125.00 and set an “outperform” rating for the company in a Monday, August 15 research report. Vertical Research downgraded Stanley Black & Decker from a ‘buy’ to a ‘hold’ rating and lowered its price target for the stock from $130.00 to $110.00 in a Friday research report July 29. Morgan Stanley cut its price target on Stanley Black & Decker from $130.00 to $110.00 and set an “overweight” rating for the company in a Thursday, August 11 research report. Barclays lowered its price target on Stanley Black & Decker from $149.00 to $140.00 and set an “overweight” rating for the company in a Friday July 8 research note. Finally, Goldman Sachs Group lowered its price target on Stanley Black & Decker from $143.00 to $122.00 and set a “neutral” rating for the company in a Thursday, June 23 research note.

Insider Activity at Stanley Black & Decker

Separately, director Andrea J. Ayers purchased 15,500 shares of the company in a transaction that took place on Tuesday, August 2. The stock was purchased at an average cost of $95.69 per share, with a total value of $1,483,195.00. Following the completion of the purchase, the director now owns 15,500 shares of the company, valued at $1,483,195. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Janet Link sold 1,000 shares of the company in a trade that took place on Tuesday, August 30. The stock was sold at an average price of $90.96, for a total value of $90,960.00. Following the completion of the sale, the senior vice president now directly owns 28,260 shares of the company, valued at approximately $2,570,529.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, Director Andrea J. Ayers acquired 15,500 shares in a transaction dated Tuesday, August 2. The stock was purchased at an average cost of $95.69 per share, with a total value of $1,483,195.00. Following the completion of the purchase, the director now directly owns 15,500 shares of the company, valued at $1,483,195. Disclosure of this purchase can be found here. 0.93% of the shares are held by insiders.

Institutional investors weigh in on Stanley Black & Decker

Several institutional investors have recently changed their SWK holdings. Riverview Trust Co purchased a new equity stake in Stanley Black & Decker in Q1 worth approximately $26,000. LS Investment Advisors LLC bought a new equity stake in Stanley Black & Decker in the second quarter worth about $27,000. Heritage Wealth Advisors bought a new equity stake in Stanley Black & Decker in the second quarter worth about $27,000. Okabena Investment Services Inc. purchased a new equity stake in Stanley Black & Decker in the fourth quarter worth approximately $28,000. Finally, Bank of New Hampshire bought a new equity stake in Stanley Black & Decker in the first quarter worth about $29,000. 87.33% of the shares are held by institutional investors.

Stanley Black & Decker shares down 1.1%

Stanley Black & Decker stock opened at $85.62 on Friday. The stock has a market capitalization of $12.66 billion, a PE ratio of 13.85, a growth price-earnings ratio of 1.76 and a beta of 1.28. The company has a debt ratio of 0.63, a quick ratio of 0.28 and a current ratio of 0.85. Stanley Black & Decker has a one-year low of $84.63 and a one-year high of $199.20. The stock has a fifty-day moving average of $98.80 and a 200-day moving average of $118.78.

Stanley Black & Decker (NYSE:SWK – Get Rating) last released its quarterly results on Thursday, July 28. The industrial products company reported EPS of $1.77 for the quarter, missing analyst consensus estimates of $2.12 per ($0.35). The company posted revenue of $4.39 billion in the quarter, compared to analysts’ expectations of $4.74 billion. Stanley Black & Decker had a return on equity of 14.65% and a net margin of 5.86%. The company’s quarterly revenue increased by 15.6% compared to the same quarter last year. In the same quarter of the previous year, the company achieved EPS of $3.08. As a group, sell-side analysts expect Stanley Black & Decker to post 5.53 EPS for the current year.

Stanley Black & Decker increases its dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 20. Investors of record on Tuesday, September 6 will receive a dividend of $0.80 per share. The ex-dividend date is Friday, September 2. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.79. This represents a dividend of $3.20 on an annualized basis and a yield of 3.74%. Stanley Black & Decker’s dividend payout ratio is currently 51.78%.

About Stanley Black & Decker

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Stanley Black & Decker, Inc. operates in the tools, storage and industrial businesses in the United States, Canada, Rest of the Americas, France, Rest of Europe and Asia. Its Tools and Storage segment offers professional products, including professional-grade corded and cordless power tools and equipment, as well as pneumatic tools and fasteners; and consumer products, such as corded and cordless power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories and storage products.

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