Somewhat Positive Press Coverage Somewhat Unlikely to Impact Stanley Black & Decker (SWK) Share Price
News articles about Stanley Black & Decker (NYSE:SWK) have trended somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Stanley Black & Decker earned a news impact score of 0.20 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.8990467074453 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Morgan Stanley Increases Stanley Black & Decker, Inc. (SWK) Price Target to $154.00 (americanbankingnews.com)
- Stanley Black & Decker, Inc. breached its 50 day moving average in a Bearish Manner : SWK-US : August 9, 2017 (finance.yahoo.com)
- Should You Stick With Stanley Black & Decker? (finance.yahoo.com)
- ETFs with exposure to Stanley Black & Decker, Inc. : August 8, 2017 (finance.yahoo.com)
Stanley Black & Decker (NYSE SWK) traded down 1.45% during mid-day trading on Thursday, hitting $138.30. 919,926 shares of the stock were exchanged. The firm has a 50-day moving average price of $143.03 and a 200-day moving average price of $134.91. The stock has a market capitalization of $21.18 billion, a P/E ratio of 17.71 and a beta of 1.10. Stanley Black & Decker has a 12-month low of $111.89 and a 12-month high of $148.32.
Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Monday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.05. Stanley Black & Decker had a return on equity of 15.36% and a net margin of 9.92%. The business had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter in the previous year, the business posted $1.84 EPS. Stanley Black & Decker’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities analysts predict that Stanley Black & Decker will post $7.30 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Wednesday, August 30th. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.58. Stanley Black & Decker’s payout ratio is 29.74%.
A number of brokerages recently issued reports on SWK. Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research report on Thursday, June 22nd. Morgan Stanley increased their target price on shares of Stanley Black & Decker from $150.00 to $154.00 and gave the company an “equal weight” rating in a research report on Thursday. MKM Partners began coverage on shares of Stanley Black & Decker in a research report on Friday, July 7th. They issued a “buy” rating and a $166.00 target price for the company. FBR & Co reiterated an “outperform” rating on shares of Stanley Black & Decker in a research report on Tuesday, July 11th. Finally, Imperial Capital increased their target price on shares of Stanley Black & Decker from $125.00 to $148.00 and gave the company an “in-line” rating in a research report on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $154.00.
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In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 10,440 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $139.56, for a total value of $1,457,006.40. Following the sale, the senior vice president now owns 41,541 shares in the company, valued at approximately $5,797,461.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.15% of the company’s stock.
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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