Wolfe Research started coverage on shares of Stanley Black & Decker, Inc. (NYSE:SWK) in a research report report published on Tuesday. The brokerage issued an outperform rating and a $160.00 price objective on the industrial products company’s stock.

A number of other equities analysts have also commented on SWK. Barclays PLC raised their price target on shares of Stanley Black & Decker from $140.00 to $144.00 and gave the stock an overweight rating in a research report on Monday, March 13th. UBS AG raised their price target on shares of Stanley Black & Decker from $137.00 to $147.00 and gave the stock a buy rating in a research report on Thursday, March 23rd. Zacks Investment Research raised shares of Stanley Black & Decker from a hold rating to a buy rating and set a $147.00 target price on the stock in a report on Wednesday, March 29th. Nomura started coverage on shares of Stanley Black & Decker in a report on Wednesday, April 12th. They issued a buy rating and a $145.00 target price on the stock. Finally, KeyCorp raised shares of Stanley Black & Decker from a sector weight rating to an overweight rating and set a $160.00 target price on the stock in a report on Friday, April 21st. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Stanley Black & Decker currently has a consensus rating of Buy and a consensus price target of $152.58.

Shares of Stanley Black & Decker (NYSE SWK) opened at 146.24 on Tuesday. Stanley Black & Decker has a 1-year low of $111.89 and a 1-year high of $146.91. The company has a 50-day moving average of $138.88 and a 200-day moving average of $129.82. The company has a market cap of $22.37 billion, a PE ratio of 18.67 and a beta of 1.10.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Friday, April 21st. The industrial products company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.10. Stanley Black & Decker had a net margin of 10.13% and a return on equity of 15.47%. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period last year, the firm earned $1.28 earnings per share. Stanley Black & Decker’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities analysts forecast that Stanley Black & Decker will post $7.23 EPS for the current year.

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The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 20th. Investors of record on Wednesday, June 7th were given a dividend of $0.58 per share. The ex-dividend date was Monday, June 5th. This represents a $2.32 annualized dividend and a yield of 1.59%. Stanley Black & Decker’s dividend payout ratio is presently 29.67%.

In related news, SVP Jaime A. Ramirez sold 10,440 shares of Stanley Black & Decker stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $139.56, for a total transaction of $1,457,006.40. Following the sale, the senior vice president now directly owns 41,541 shares in the company, valued at approximately $5,797,461.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jeffrey D. Ansell sold 11,474 shares of Stanley Black & Decker stock in a transaction that occurred on Friday, April 21st. The stock was sold at an average price of $135.61, for a total transaction of $1,555,989.14. Following the sale, the executive vice president now owns 61,504 shares in the company, valued at $8,340,557.44. The disclosure for this sale can be found here. 1.15% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC increased its position in shares of Stanley Black & Decker by 9.9% in the fourth quarter. FMR LLC now owns 486,476 shares of the industrial products company’s stock worth $55,794,000 after buying an additional 43,652 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Stanley Black & Decker by 1.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,350 shares of the industrial products company’s stock worth $1,760,000 after buying an additional 280 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Stanley Black & Decker during the fourth quarter worth about $3,980,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Stanley Black & Decker during the fourth quarter worth about $578,000. Finally, UBS Asset Management Americas Inc. increased its position in shares of Stanley Black & Decker by 1.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 436,012 shares of the industrial products company’s stock worth $50,005,000 after buying an additional 6,206 shares during the period. Hedge funds and other institutional investors own 83.60% of the company’s stock.

About Stanley Black & Decker

Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

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

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