Stanley Black & Decker (SWK) Earns Daily News Sentiment Rating of 0.22
News articles about Stanley Black & Decker (NYSE:SWK) have trended somewhat positive on Monday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Stanley Black & Decker earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 46.2846476812065 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Stanley Black & Decker, Inc. (SWK) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Analysts Expect Stanley Black & Decker, Inc. (SWK) Will Announce Earnings of $1.86 Per Share (americanbankingnews.com)
- Stanley Black & Decker takes flight (seekingalpha.com)
- Security Startup Sunflower Labs Announces Strategic Partnership with Stanley Black & Decker, Inc. (prnewswire.com)
- Stanley Black & Decker will add drones to its commercial security business (cnbc.com)
Several analysts have weighed in on the company. Zacks Investment Research raised Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $168.00 target price on the stock in a report on Tuesday, September 26th. FBR & Co reiterated an “outperform” rating on shares of Stanley Black & Decker in a research report on Tuesday, July 11th. Wolfe Research initiated coverage on shares of Stanley Black & Decker in a research report on Tuesday, July 11th. They set an “outperform” rating and a $160.00 target price for the company. BidaskClub lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, MKM Partners started coverage on shares of Stanley Black & Decker in a research note on Friday, July 7th. They set a “buy” rating and a $166.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. Stanley Black & Decker currently has a consensus rating of “Buy” and a consensus price target of $154.00.
Shares of Stanley Black & Decker (NYSE SWK) opened at 150.97 on Monday. The firm has a market cap of $23.12 billion, a price-to-earnings ratio of 19.33 and a beta of 1.10. Stanley Black & Decker has a 1-year low of $111.89 and a 1-year high of $152.43. The stock has a 50 day moving average price of $142.02 and a 200-day moving average price of $138.44.
Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Monday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.05. Stanley Black & Decker had a return on equity of 15.36% and a net margin of 9.92%. The company had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same period last year, the company earned $1.84 earnings per share. The business’s revenue was up 10.1% compared to the same quarter last year. On average, equities research analysts expect that Stanley Black & Decker will post $7.30 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Friday, September 1st were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.67%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Wednesday, August 30th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 32.31%.
In other Stanley Black & Decker news, insider John H. Wyatt sold 6,956 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $147.96, for a total transaction of $1,029,209.76. Following the completion of the transaction, the insider now owns 49,188 shares of the company’s stock, valued at approximately $7,277,856.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Joseph R. Voelker sold 10,432 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $150.15, for a total transaction of $1,566,364.80. Following the transaction, the senior vice president now directly owns 25,810 shares of the company’s stock, valued at approximately $3,875,371.50. The disclosure for this sale can be found here. 1.15% of the stock is owned by corporate insiders.
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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.
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