Analysts Set Stanley Black & Decker, Inc. (SWK) PT at $181.73
Stanley Black & Decker, Inc. (NYSE:SWK) has earned an average rating of “Buy” from the nineteen ratings firms that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $181.17.
SWK has been the topic of several research analyst reports. B. Riley reaffirmed a “buy” rating on shares of Stanley Black & Decker in a report on Thursday, June 7th. ValuEngine cut shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a report on Wednesday, June 20th. Wolfe Research initiated coverage on shares of Stanley Black & Decker in a report on Wednesday, June 27th. They issued a “market perform” rating on the stock. Zacks Investment Research raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a report on Saturday, July 7th. Finally, Barclays decreased their price target on shares of Stanley Black & Decker from $181.00 to $164.00 and set an “overweight” rating on the stock in a report on Monday, July 9th.
A number of large investors have recently made changes to their positions in SWK. Summit Trail Advisors LLC grew its position in Stanley Black & Decker by 12,769.7% in the first quarter. Summit Trail Advisors LLC now owns 2,109,726 shares of the industrial products company’s stock worth $2,110,000 after acquiring an additional 2,093,333 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Stanley Black & Decker by 25.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,776,877 shares of the industrial products company’s stock worth $634,418,000 after acquiring an additional 974,556 shares in the last quarter. Janus Henderson Group PLC grew its position in Stanley Black & Decker by 71.4% in the second quarter. Janus Henderson Group PLC now owns 1,818,994 shares of the industrial products company’s stock worth $241,581,000 after acquiring an additional 758,031 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Stanley Black & Decker in the first quarter worth $81,270,000. Finally, Artisan Partners Limited Partnership grew its position in Stanley Black & Decker by 113.0% in the first quarter. Artisan Partners Limited Partnership now owns 984,774 shares of the industrial products company’s stock worth $150,867,000 after acquiring an additional 522,495 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.
Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Friday, July 20th. The industrial products company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.54. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Stanley Black & Decker had a net margin of 7.52% and a return on equity of 16.54%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 earnings per share. sell-side analysts predict that Stanley Black & Decker will post 8.39 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 18th. Investors of record on Friday, September 7th will be given a $0.66 dividend. The ex-dividend date of this dividend is Thursday, September 6th. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.63. This represents a $2.64 annualized dividend and a yield of 1.90%. Stanley Black & Decker’s payout ratio is 35.44%.
About Stanley Black & Decker
Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.
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