Stanley Black & Decker (NYSE:SWK) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Wall Street Zen upgraded shares of Stanley Black & Decker (NYSE:SWK) from a buy rating to a strong-buy rating in a research report released on Saturday.

Several other equities research analysts have also issued reports on SWK. Citigroup lifted their target price on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the company a “buy” rating in a research report on Friday. The Goldman Sachs Group reissued a “neutral” rating and issued a $93.00 price target on shares of Stanley Black & Decker in a report on Wednesday. Robert W. Baird set a $84.00 price objective on shares of Stanley Black & Decker in a research report on Thursday, April 30th. Wells Fargo & Company lifted their price objective on shares of Stanley Black & Decker from $80.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, June 18th. Finally, JPMorgan Chase & Co. increased their target price on Stanley Black & Decker from $65.00 to $75.00 and gave the company an “underweight” rating in a research note on Friday, May 1st. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $90.22.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $94.60 on Friday. The stock’s 50-day simple moving average is $86.50 and its two-hundred day simple moving average is $81.20. Stanley Black & Decker has a twelve month low of $61.90 and a twelve month high of $96.04. The firm has a market capitalization of $14.29 billion, a P/E ratio of 23.07, a P/E/G ratio of 1.30 and a beta of 1.16. The company has a quick ratio of 0.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.53.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.36. The firm had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. Stanley Black & Decker had a return on equity of 8.78% and a net margin of 4.07%.The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the company posted $1.08 EPS. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. As a group, equities analysts anticipate that Stanley Black & Decker will post 5.43 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.84 per share. The ex-dividend date is Tuesday, September 8th. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.83. This represents a $3.36 dividend on an annualized basis and a yield of 3.6%. Stanley Black & Decker’s dividend payout ratio (DPR) is 80.98%.

Institutional Investors Weigh In On Stanley Black & Decker

A number of institutional investors have recently made changes to their positions in the business. Capital Research Global Investors raised its position in Stanley Black & Decker by 0.7% in the 4th quarter. Capital Research Global Investors now owns 12,856,517 shares of the industrial products company’s stock worth $954,991,000 after purchasing an additional 88,402 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Stanley Black & Decker by 1.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,898,190 shares of the industrial products company’s stock valued at $735,239,000 after buying an additional 101,769 shares during the period. State Street Corp grew its stake in shares of Stanley Black & Decker by 2.3% during the second quarter. State Street Corp now owns 9,423,438 shares of the industrial products company’s stock valued at $638,438,000 after buying an additional 215,960 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Stanley Black & Decker by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,976,851 shares of the industrial products company’s stock worth $353,618,000 after buying an additional 92,573 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Stanley Black & Decker by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 4,041,089 shares of the industrial products company’s stock worth $299,646,000 after buying an additional 203,200 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

About Stanley Black & Decker

Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.