Stanley Black & Decker (SWK) PT Set at $158.00 by Robert W. Baird

Robert W. Baird set a $158.00 price target on Stanley Black & Decker (NYSE:SWK) in a report issued on Monday, TipRanks reports. The brokerage currently has a buy rating on the industrial products company’s stock.

Several other equities analysts have also issued reports on the stock. Zacks Investment Research raised shares of Stanley Black & Decker from a sell rating to a hold rating in a report on Monday. Buckingham Research boosted their price target on shares of Stanley Black & Decker from $122.00 to $148.00 and gave the company a neutral rating in a report on Wednesday, April 17th. Barclays boosted their price target on shares of Stanley Black & Decker from $135.00 to $145.00 and gave the company an overweight rating in a report on Wednesday, April 3rd. Longbow Research raised shares of Stanley Black & Decker from a neutral rating to a buy rating and set a $160.00 price target for the company in a report on Friday, March 22nd. Finally, Wells Fargo & Co boosted their price target on shares of Stanley Black & Decker from $141.00 to $150.00 and gave the company an outperform rating in a report on Wednesday, March 6th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Stanley Black & Decker presently has a consensus rating of Buy and a consensus price target of $154.50.

Shares of SWK stock opened at $145.97 on Monday. Stanley Black & Decker has a 12-month low of $106.41 and a 12-month high of $155.22. The firm has a market capitalization of $21.95 billion, a PE ratio of 17.91, a PEG ratio of 1.95 and a beta of 1.24. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.14 and a quick ratio of 0.55.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.31. Stanley Black & Decker had a net margin of 4.62% and a return on equity of 16.73%. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.30 billion. During the same quarter in the previous year, the business earned $1.39 EPS. The firm’s revenue was up 3.9% on a year-over-year basis. Equities analysts expect that Stanley Black & Decker will post 8.53 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Monday, June 3rd. Stanley Black & Decker’s payout ratio is presently 32.39%.

In related news, SVP Jaime A. Ramirez sold 1,000 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $136.26, for a total value of $136,260.00. Following the completion of the transaction, the senior vice president now directly owns 39,893 shares of the company’s stock, valued at approximately $5,435,820.18. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Joseph R. Voelker sold 3,488 shares of the company’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $137.48, for a total transaction of $479,530.24. Following the completion of the transaction, the senior vice president now directly owns 22,149 shares of the company’s stock, valued at $3,045,044.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,564 shares of company stock valued at $3,332,365. Company insiders own 1.03% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Phocas Financial Corp. bought a new stake in Stanley Black & Decker during the 4th quarter worth about $63,000. Norges Bank bought a new stake in Stanley Black & Decker during the 4th quarter worth about $164,721,000. Lindbrook Capital LLC bought a new stake in Stanley Black & Decker during the 4th quarter worth about $41,000. Comerica Bank lifted its position in Stanley Black & Decker by 1.9% during the 4th quarter. Comerica Bank now owns 33,916 shares of the industrial products company’s stock worth $4,183,000 after buying an additional 619 shares in the last quarter. Finally, JOYN Advisors Inc. lifted its position in Stanley Black & Decker by 76.5% during the 4th quarter. JOYN Advisors Inc. now owns 542 shares of the industrial products company’s stock worth $65,000 after buying an additional 235 shares in the last quarter. 88.21% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil & gas and infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the following three segments: Tools and Storage, Industrial, and Security.

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

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