Barclays Raises Stanley Black & Decker (NYSE:SWK) Price Target to $100.00

Stanley Black & Decker (NYSE:SWK) had its target price lifted by Barclays from $96.00 to $100.00 in a research report sent to investors on Wednesday, Benzinga reports. Barclays currently has an equal weight rating on the industrial products company’s stock.

Other analysts have also issued reports about the company. Morgan Stanley initiated coverage on Stanley Black & Decker in a research report on Friday, September 6th. They set an equal weight rating and a $107.00 target price on the stock. JPMorgan Chase & Co. raised their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an underweight rating in a research note on Monday, August 5th. The Goldman Sachs Group boosted their price objective on shares of Stanley Black & Decker from $82.00 to $94.00 and gave the company a neutral rating in a research report on Wednesday, July 31st. Robert W. Baird raised their price target on Stanley Black & Decker from $78.00 to $80.00 and gave the stock a neutral rating in a report on Monday, July 29th. Finally, Wells Fargo & Company lifted their price objective on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the company an equal weight rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Stanley Black & Decker presently has a consensus rating of Hold and a consensus price target of $102.25.

Stanley Black & Decker Trading Up 0.1 %

Shares of SWK opened at $107.38 on Wednesday. Stanley Black & Decker has a fifty-two week low of $76.26 and a fifty-two week high of $110.88. The stock has a fifty day moving average of $101.07 and a two-hundred day moving average of $92.59. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.27. The company has a market capitalization of $16.53 billion, a PE ratio of -155.62, a price-to-earnings-growth ratio of 2.88 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.25. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter in the previous year, the business earned ($0.11) EPS. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, analysts forecast that Stanley Black & Decker will post 4.22 EPS for the current year.

Stanley Black & Decker Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.82 per share. The ex-dividend date was Tuesday, September 3rd. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.81. This represents a $3.28 annualized dividend and a dividend yield of 3.05%. Stanley Black & Decker’s dividend payout ratio (DPR) is -475.36%.

Insider Activity

In other news, SVP Janet Link sold 13,520 shares of Stanley Black & Decker stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total value of $1,404,863.20. Following the transaction, the senior vice president now owns 31,960 shares of the company’s stock, valued at $3,320,963.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Stanley Black & Decker

Several hedge funds have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. boosted its stake in Stanley Black & Decker by 9.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 19,641 shares of the industrial products company’s stock worth $1,927,000 after purchasing an additional 1,771 shares during the period. Parallel Advisors LLC lifted its position in Stanley Black & Decker by 37.1% in the 4th quarter. Parallel Advisors LLC now owns 884 shares of the industrial products company’s stock worth $87,000 after buying an additional 239 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of Stanley Black & Decker by 13.2% during the 4th quarter. TD Asset Management Inc now owns 56,311 shares of the industrial products company’s stock valued at $5,524,000 after acquiring an additional 6,584 shares in the last quarter. Bank of Nova Scotia grew its stake in Stanley Black & Decker by 9.9% in the fourth quarter. Bank of Nova Scotia now owns 14,676 shares of the industrial products company’s stock valued at $1,440,000 after purchasing an additional 1,323 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Stanley Black & Decker during the 4th quarter valued at about $559,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.