StockNews.com Upgrades Stanley Black & Decker (NYSE:SWK) to “Buy”

StockNews.com upgraded shares of Stanley Black & Decker (NYSE:SWK) from a hold rating to a buy rating in a research report released on Monday.

SWK has been the topic of a number of other reports. Morgan Stanley assumed coverage on shares of Stanley Black & Decker in a research note on Friday, September 6th. They set an “equal weight” rating and a $107.00 price target on the stock. JPMorgan Chase & Co. increased their target price on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a report on Monday, August 5th. UBS Group boosted their price target on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Wells Fargo & Company reduced their price objective on Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. Finally, Robert W. Baird boosted their target price on Stanley Black & Decker from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Stanley Black & Decker presently has a consensus rating of “Hold” and an average target price of $102.29.

Stanley Black & Decker Price Performance

Shares of SWK opened at $92.94 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42. The stock has a market cap of $14.31 billion, a PE ratio of -67.84, a P/E/G ratio of 2.71 and a beta of 1.24. The firm has a 50-day simple moving average of $103.42 and a two-hundred day simple moving average of $93.75. Stanley Black & Decker has a 1-year low of $77.70 and a 1-year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The company had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same period in the prior year, the firm earned $1.05 earnings per share. The firm’s revenue was down 5.1% compared to the same quarter last year. As a group, analysts forecast that Stanley Black & Decker will post 4.18 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio is presently -239.42%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Rise Advisors LLC lifted its position in Stanley Black & Decker by 99.3% in the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 133 shares during the last quarter. AlphaMark Advisors LLC purchased a new stake in shares of Stanley Black & Decker in the 2nd quarter valued at about $32,000. EverSource Wealth Advisors LLC grew its stake in Stanley Black & Decker by 81.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock worth $42,000 after buying an additional 237 shares during the last quarter. Summit Securities Group LLC acquired a new position in Stanley Black & Decker during the second quarter worth approximately $56,000. Finally, Waldron Private Wealth LLC acquired a new position in Stanley Black & Decker during the third quarter worth approximately $59,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.