Stanley Black & Decker (SWK) Getting Somewhat Favorable News Coverage, Study Finds
Media stories about Stanley Black & Decker (NYSE:SWK) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Stanley Black & Decker earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 47.6683006861663 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Stanley Black & Decker, Inc. (SWK) CEO Sells $11,411,915.80 in Stock (americanbankingnews.com)
- Hot Stock’s Alert – Stanley Black & Decker, Inc., (NYSE: SWK) – Stock Watch (stocksnewstimes.com)
- ETFs with exposure to Stanley Black & Decker, Inc. : October 30, 2017 (finance.yahoo.com)
- Stanley Black & Decker To Open New 300,000 Sq. Ft. Manufacturing Facility in Mission, TX (finance.yahoo.com)
- J P Morgan Chase & Co Raises Stanley Black & Decker, Inc. (SWK) Price Target to $180.00 (americanbankingnews.com)
Stanley Black & Decker (NYSE SWK) opened at 161.55 on Wednesday. The firm has a market capitalization of $24.74 billion, a PE ratio of 20.69 and a beta of 1.06. The company’s 50-day moving average price is $155.25 and its 200 day moving average price is $143.92. Stanley Black & Decker has a one year low of $112.91 and a one year high of $166.70.
Stanley Black & Decker (NYSE:SWK) last released its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.08. The firm had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.15 billion. Stanley Black & Decker had a return on equity of 15.41% and a net margin of 9.79%. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.68 earnings per share. On average, analysts forecast that Stanley Black & Decker will post $7.39 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Friday, December 1st will be given a $0.63 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.56%. Stanley Black & Decker’s dividend payout ratio (DPR) is 31.82%.
Several analysts have recently commented on the company. J P Morgan Chase & Co raised their price target on Stanley Black & Decker from $152.00 to $180.00 and gave the company an “overweight” rating in a report on Monday. Nomura set a $180.00 price target on Stanley Black & Decker and gave the company a “buy” rating in a report on Wednesday, October 25th. Robert W. Baird raised their price target on Stanley Black & Decker from $162.00 to $172.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. FBR & Co raised their price target on Stanley Black & Decker from $165.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, Northcoast Research assumed coverage on Stanley Black & Decker in a report on Friday, October 20th. They issued a “buy” rating and a $193.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $167.29.
In other Stanley Black & Decker news, SVP Joseph R. Voelker sold 10,432 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $150.15, for a total value of $1,566,364.80. Following the completion of the sale, the senior vice president now directly owns 25,810 shares in the company, valued at $3,875,371.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James M. Loree sold 70,531 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $161.80, for a total value of $11,411,915.80. Following the completion of the sale, the chief executive officer now owns 175,449 shares of the company’s stock, valued at $28,387,648.20. The disclosure for this sale can be found here. Insiders sold 103,322 shares of company stock valued at $16,527,453 over the last 90 days. 1.15% of the stock is currently owned by insiders.
Stanley Black & Decker Company Profile
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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