Stanley Black & Decker (SWK) Price Target Increased to $148.00 by Analysts at Buckingham Research
Stanley Black & Decker (NYSE:SWK) had its target price upped by Buckingham Research from $122.00 to $148.00 in a report released on Wednesday, AnalystRatings.com reports. The brokerage currently has a neutral rating on the industrial products company’s stock.
Other analysts have also recently issued reports about the company. Deutsche Bank set a $137.00 target price on Stanley Black & Decker and gave the company a buy rating in a report on Wednesday, January 23rd. Wolfe Research set a $140.00 price target on Stanley Black & Decker and gave the stock a buy rating in a report on Wednesday, January 23rd. Credit Suisse Group set a $155.00 price target on Stanley Black & Decker and gave the stock a buy rating in a report on Tuesday, January 22nd. Longbow Research upgraded Stanley Black & Decker from a neutral rating to a buy rating and set a $160.00 price target for the company in a report on Friday, March 22nd. Finally, TheStreet cut Stanley Black & Decker from a b- rating to a c+ rating in a report on Tuesday, January 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $155.88.
NYSE SWK opened at $145.65 on Wednesday. Stanley Black & Decker has a one year low of $106.41 and a one year high of $158.47. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.14 and a quick ratio of 0.55. The firm has a market capitalization of $21.89 billion, a P/E ratio of 17.87, a PEG ratio of 1.96 and a beta of 1.24.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 1.81%. Stanley Black & Decker’s dividend payout ratio (DPR) is 32.39%.
In related news, SVP Jaime A. Ramirez sold 600 shares of the firm’s stock in a transaction dated Thursday, January 24th. The stock was sold at an average price of $118.69, for a total transaction of $71,214.00. Following the completion of the transaction, the senior vice president now directly owns 35,048 shares in the company, valued at approximately $4,159,847.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeffrey D. Ansell sold 9,549 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $145.01, for a total value of $1,384,700.49. Following the transaction, the executive vice president now owns 42,213 shares of the company’s stock, valued at $6,121,307.13. The disclosure for this sale can be found here. Insiders have sold a total of 24,164 shares of company stock valued at $3,403,579 over the last 90 days. 1.03% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the stock. Truvestments Capital LLC acquired a new stake in Stanley Black & Decker in the 1st quarter valued at about $27,000. Proficio Capital Partners LLC raised its position in Stanley Black & Decker by 370.5% in the 4th quarter. Proficio Capital Partners LLC now owns 207 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 163 shares in the last quarter. Legacy Financial Advisors Inc. raised its position in Stanley Black & Decker by 72.8% in the 4th quarter. Legacy Financial Advisors Inc. now owns 330 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 139 shares in the last quarter. Lindbrook Capital LLC acquired a new stake in Stanley Black & Decker in the 4th quarter valued at about $41,000. Finally, Tompkins Financial Corp raised its position in Stanley Black & Decker by 63.6% in the 1st quarter. Tompkins Financial Corp now owns 427 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 166 shares in the last quarter. Institutional investors own 88.21% of the company’s stock.
About Stanley Black & Decker
Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil & gas and infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the following three segments: Tools and Storage, Industrial, and Security.
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