Stanley Black & Decker (SWK) Upgraded to Buy at Zelman & Associates

Zelman & Associates upgraded shares of Stanley Black & Decker (NYSE:SWK) from a hold rating to a buy rating in a report published on Tuesday morning, The Fly reports.

A number of other research firms have also recently weighed in on SWK. Zacks Investment Research cut Stanley Black & Decker from a hold rating to a sell rating in a report on Monday, April 15th. Wells Fargo & Co boosted their price target on Stanley Black & Decker from $148.00 to $160.00 and gave the stock an outperform rating in a report on Monday, April 29th. JPMorgan Chase & Co. boosted their price target on Stanley Black & Decker from $133.00 to $160.00 and gave the stock an overweight rating in a report on Thursday, April 25th. Robert W. Baird set a $158.00 target price on Stanley Black & Decker and gave the company a buy rating in a research note on Monday, April 22nd. Finally, Morgan Stanley upped their target price on Stanley Black & Decker from $149.00 to $162.00 and gave the company an overweight rating in a research note on Thursday, April 25th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $159.06.

NYSE SWK opened at $136.90 on Tuesday. Stanley Black & Decker has a fifty-two week low of $106.41 and a fifty-two week high of $155.22. The firm has a market capitalization of $20.27 billion, a PE ratio of 16.80, a P/E/G ratio of 1.97 and a beta of 1.25. The company has a quick ratio of 0.43, a current ratio of 0.91 and a debt-to-equity ratio of 0.54.

Stanley Black & Decker (NYSE:SWK) last released 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. Stanley Black & Decker had a return on equity of 17.01% and a net margin of 4.57%. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.30 billion. During the same period in the previous year, the firm posted $1.39 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, research analysts predict that Stanley Black & Decker will post 8.64 earnings per share for the current fiscal year.

The firm 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. The ex-dividend date is Monday, June 3rd. This represents a $2.64 annualized dividend and a yield of 1.93%. Stanley Black & Decker’s payout ratio is currently 32.39%.

In other Stanley Black & Decker news, SVP Joseph R. Voelker sold 3,488 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now directly owns 22,149 shares in the company, valued at $3,045,044.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert H. Raff, Jr. sold 6,179 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $151.66, for a total value of $937,107.14. Following the sale, the insider now owns 14,116 shares of the company’s stock, valued at $2,140,832.56. The disclosure for this sale can be found here. Insiders sold 128,831 shares of company stock valued at $18,797,015 over the last quarter. Insiders own 1.03% of the company’s stock.

Large investors have recently made changes to their positions in the business. Proficio Capital Partners LLC increased 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 acquiring an additional 163 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Stanley Black & Decker during the first quarter worth about $27,000. Destination Wealth Management increased its stake in Stanley Black & Decker by 319.1% during the first quarter. Destination Wealth Management now owns 197 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 150 shares during the last quarter. Rational Advisors LLC increased its stake in Stanley Black & Decker by 4,116.7% during the first quarter. Rational Advisors LLC now owns 253 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 247 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. increased 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 acquiring an additional 206 shares during the last quarter. Institutional investors own 89.49% of the company’s stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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

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