TheStreet Upgrades Stanley Black & Decker (SWK) to B

TheStreet upgraded shares of Stanley Black & Decker (NYSE:SWK) from a c+ rating to a b rating in a report published on Wednesday, TheStreetRatingsTable reports.

Other equities research analysts also recently issued reports about the stock. 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 research note on Friday, March 22nd. Morgan Stanley upped their target price on shares of Stanley Black & Decker from $149.00 to $162.00 and gave the company an overweight rating in a research note on Thursday. Barclays upped their target price on shares of Stanley Black & Decker from $145.00 to $158.00 and gave the company an overweight rating in a research note on Thursday. Buckingham Research upped their target price on shares of Stanley Black & Decker from $148.00 to $155.00 and gave the company a neutral rating in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their target price on shares of Stanley Black & Decker from $133.00 to $160.00 and gave the company an overweight rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Stanley Black & Decker presently has a consensus rating of Buy and a consensus target price of $155.63.

SWK opened at $146.30 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 1.14 and a debt-to-equity ratio of 0.54. The company has a market cap of $22.32 billion, a P/E ratio of 17.95, a price-to-earnings-growth ratio of 1.98 and a beta of 1.24. Stanley Black & Decker has a fifty-two week low of $106.41 and a fifty-two week high of $155.22.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.32. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.30 billion. Stanley Black & Decker had a net margin of 4.62% and a return on equity of 16.73%. Stanley Black & Decker’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.39 earnings per share. On average, equities research analysts anticipate that Stanley Black & Decker will post 8.53 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Monday, June 3rd. Stanley Black & Decker’s payout ratio is presently 32.39%.

In other news, EVP Jeffrey D. Ansell sold 9,527 shares of the stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $139.80, for a total value of $1,331,874.60. Following the transaction, the executive vice president now directly owns 61,289 shares of the company’s stock, valued at $8,568,202.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jaime A. Ramirez sold 1,000 shares of the stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $136.26, for a total transaction of $136,260.00. Following the completion of the transaction, the senior vice president now directly owns 39,893 shares in the company, valued at $5,435,820.18. The disclosure for this sale can be found here. Insiders sold 39,203 shares of company stock worth $5,682,907 over the last three months. Insiders own 1.03% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in SWK. Proficio Capital Partners LLC grew its stake in Stanley Black & Decker by 370.5% during the fourth quarter. Proficio Capital Partners LLC now owns 207 shares of the industrial products company’s stock worth $25,000 after buying an additional 163 shares in the last quarter. Truvestments Capital LLC acquired a new stake in Stanley Black & Decker during the first quarter worth about $27,000. Winslow Evans & Crocker Inc. grew its stake in Stanley Black & Decker by 412.0% during the first quarter. Winslow Evans & Crocker Inc. now owns 256 shares of the industrial products company’s stock worth $36,000 after buying an additional 206 shares in the last quarter. Legacy Financial Advisors Inc. grew its stake in Stanley Black & Decker by 72.8% during the fourth quarter. Legacy Financial Advisors Inc. now owns 330 shares of the industrial products company’s stock worth $40,000 after buying an additional 139 shares in the last quarter. Finally, Lindbrook Capital LLC acquired a new stake in Stanley Black & Decker during the fourth quarter worth about $41,000. 88.13% of the stock is currently owned by institutional investors and hedge funds.

About Stanley Black & Decker

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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