Bank of America started coverage on shares of Stanley Black & Decker (NYSE:SWK) in a research report report published on Friday morning, 24/7 WallStreet reports. The firm issued an underperform rating and a $140.00 target price on the industrial products company’s stock.

Several other analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Stanley Black & Decker from a hold rating to a buy rating and set a $150.00 price target on the stock in a report on Friday, June 14th. Zelman & Associates upgraded shares of Stanley Black & Decker from a hold rating to a buy rating in a report on Tuesday, May 21st. Gabelli set a $160.00 price target on shares of Stanley Black & Decker and gave the company a buy rating in a report on Friday, May 17th. Deutsche Bank cut their price target on shares of Stanley Black & Decker from $167.00 to $163.00 and set a buy rating on the stock in a report on Friday, May 17th. Finally, Buckingham Research lifted their price target on shares of Stanley Black & Decker from $155.00 to $157.00 and gave the company a neutral rating in a report on Friday, May 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Stanley Black & Decker presently has an average rating of Buy and an average target price of $157.35.

Shares of Stanley Black & Decker stock opened at $143.13 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.91 and a quick ratio of 0.43. Stanley Black & Decker has a 52-week low of $106.41 and a 52-week high of $155.22. The company has a market capitalization of $21.74 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 1.77 and a beta of 1.31. The business has a 50 day moving average price of $137.58.

Stanley Black & Decker (NYSE:SWK) last issued its 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 firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.30 billion. Stanley Black & Decker had a net margin of 4.57% and a return on equity of 17.01%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $1.39 earnings per share. Analysts forecast that Stanley Black & Decker will post 8.63 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Monday, June 3rd. Stanley Black & Decker’s dividend payout ratio is currently 32.39%.

In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 1,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $136.94, for a total transaction of $136,940.00. Following the completion of the transaction, the senior vice president now owns 38,356 shares of the company’s stock, valued at $5,252,470.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James M. Loree sold 56,699 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $145.14, for a total value of $8,229,292.86. Following the transaction, the chief executive officer now directly owns 88,854 shares of the company’s stock, valued at approximately $12,896,269.56. The disclosure for this sale can be found here. Insiders have sold 116,816 shares of company stock valued at $17,122,550 in the last three months. Insiders own 1.03% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Proficio Capital Partners LLC increased its holdings 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 worth $25,000 after buying an additional 163 shares in the last quarter. Truvestments Capital LLC bought a new stake in Stanley Black & Decker in the 1st quarter worth about $27,000. Destination Wealth Management increased its holdings in Stanley Black & Decker by 319.1% in the 1st quarter. Destination Wealth Management now owns 197 shares of the industrial products company’s stock worth $27,000 after buying an additional 150 shares in the last quarter. Rational Advisors LLC increased its holdings in Stanley Black & Decker by 4,116.7% in the 1st quarter. Rational Advisors LLC now owns 253 shares of the industrial products company’s stock worth $34,000 after buying an additional 247 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. increased its holdings in Stanley Black & Decker by 412.0% in the 1st quarter. Winslow Evans & Crocker Inc. now owns 256 shares of the industrial products company’s stock worth $36,000 after buying an additional 206 shares in the last quarter. 86.33% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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

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