Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have been assigned a consensus rating of “Buy” from the twenty brokerages that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $157.13.

Several analysts have commented on the company. Zacks Investment Research upgraded Stanley Black & Decker from a “sell” rating to a “hold” rating in a report on Monday, April 8th. Buckingham Research lifted their price target on Stanley Black & Decker from $155.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, May 10th.

In related news, insider Robert H. Raff, Jr. sold 6,179 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $151.66, for a total transaction of $937,107.14. Following the transaction, the insider now directly owns 14,116 shares of the company’s stock, valued at approximately $2,140,832.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jaime A. Ramirez sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $136.26, for a total value of $136,260.00. Following the transaction, the senior vice president now directly owns 39,893 shares in the company, valued at $5,435,820.18. The disclosure for this sale can be found here. Insiders have sold a total of 129,831 shares of company stock valued at $18,933,275 in the last quarter. Company insiders own 1.03% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in SWK. JPMorgan Chase & Co. raised its position in shares of Stanley Black & Decker by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 12,566,744 shares of the industrial products company’s stock valued at $1,840,276,000 after purchasing an additional 1,822,466 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Stanley Black & Decker by 37.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,490,447 shares of the industrial products company’s stock valued at $777,167,000 after purchasing an additional 1,772,064 shares in the last quarter. Norges Bank acquired a new position in shares of Stanley Black & Decker in the 4th quarter valued at approximately $164,721,000. Pzena Investment Management LLC raised its position in shares of Stanley Black & Decker by 96.1% in the 1st quarter. Pzena Investment Management LLC now owns 2,423,147 shares of the industrial products company’s stock valued at $329,960,000 after purchasing an additional 1,187,163 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its position in shares of Stanley Black & Decker by 271.5% in the 4th quarter. Lord Abbett & CO. LLC now owns 1,317,416 shares of the industrial products company’s stock valued at $157,747,000 after purchasing an additional 962,792 shares in the last quarter. 89.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:SWK traded down $0.20 during midday trading on Friday, hitting $135.29. 28,406 shares of the stock were exchanged, compared to its average volume of 1,469,303. The company has a market capitalization of $20.57 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 1.98 and a beta of 1.25. The company has a quick ratio of 0.43, a current ratio of 0.91 and a debt-to-equity ratio of 0.54. Stanley Black & Decker has a twelve month low of $106.41 and a twelve month high of $155.22.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.32. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.30 billion. Stanley Black & Decker had a return on equity of 17.01% and a net margin of 4.57%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.39 EPS. As a group, equities analysts anticipate that Stanley Black & Decker will post 8.63 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders 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 dividend yield of 1.95%. The ex-dividend date is Monday, June 3rd. Stanley Black & Decker’s payout ratio is currently 32.39%.

Stanley Black & Decker Company Profile

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.

Further Reading: P/E Growth (PEG)

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

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