Stanley Black & Decker (NYSE: SWK) has recently received a number of price target changes and ratings updates:

  • 8/10/2017 – Stanley Black & Decker had its price target raised by analysts at Morgan Stanley from $150.00 to $154.00. They now have an “equal weight” rating on the stock.
  • 8/5/2017 – Stanley Black & Decker was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/31/2017 – Stanley Black & Decker was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Over the last three months, shares of Stanley Black & Decker outperformed the industry it belongs to. In second-quarter 2017, the company's earnings and sales beat their respective estimates by 2.6% and 1.9%. Impressed with its results and anticipating benefits from higher organic revenue growth, operational excellence and acquired assets, the company raised its earnings forecast to $7.18-$7.38 per share from $7.08-$7.28. In the long term, we believe the company has solid growth potential, backed by the strategy of shifting its business portfolio toward favored growth markets through organic and inorganic means. However, in the near term, the company is exposed to headwinds like increasing expenses, huge debt level and active competition in all businesses. For 2017, the company expects commodity inflation and forex headwinds to negatively impact earnings by $0.50-$0.55 per share.”
  • 7/27/2017 – Stanley Black & Decker was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $164.00 price target on the stock. According to Zacks, “Over the last three months, shares of Stanley Black & Decker outperformed the industry it belongs to. In second-quarter 2017, the company's earnings and sales beat their respective estimates by 2.6% and 1.9%. Impressed with its results and anticipating benefits from higher organic revenue growth, operational excellence and acquired assets, the company raised its earnings forecast to $7.18-$7.38 per share from $7.08-$7.28. In the long term, we believe the company has solid growth potential, backed by the strategy of shifting its business portfolio toward favored growth markets through organic and inorganic means. Year to date, the company has completed the acquisition of Newell Tools and Craftsman Brand while divested Mechanical Security Operations. Integration of acquired assets is proceeding as planned.”
  • 7/25/2017 – Stanley Black & Decker was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/25/2017 – Stanley Black & Decker had its “buy” rating reaffirmed by analysts at UBS Group AG. They now have a $160.00 price target on the stock, up previously from $150.00.
  • 7/25/2017 – Stanley Black & Decker had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $150.00 price target on the stock, up previously from $148.00.
  • 7/13/2017 – Stanley Black & Decker was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Over the last three months, shares of Stanley Black & Decker outperformed the Zacks categorized Machine Tools & Related Products industry. In the long term, we believe that it has solid growth potential, backed by its strategy of shifting its business portfolio toward favored growth markets through organic and inorganic means. Year to date, the company has completed acquiring Newell Tools and Craftsman Brand, while divested  Mechanical Security Operations. For 2017, the company increased its earnings forecast to $7.08-$7.28 per share from the previous projection of $6.98-$7.18. However, in the near term, the company is exposed to headwinds like increasing expenses, huge debt level and active competition in all businesses. For 2017, the company expects commodity inflation and forex headwinds to negatively impact earnings by $0.50-$0.55 per share. Over the last 60 days, earnings estimates on the stock remained stable for 2017.”
  • 7/11/2017 – Stanley Black & Decker had its “outperform” rating reaffirmed by analysts at FBR & Co.
  • 7/11/2017 – Stanley Black & Decker is now covered by analysts at Wolfe Research. They set an “outperform” rating and a $160.00 price target on the stock.
  • 7/7/2017 – Stanley Black & Decker is now covered by analysts at MKM Partners. They set a “buy” rating and a $166.00 price target on the stock.
  • 6/28/2017 – Stanley Black & Decker had its price target raised by analysts at Instinet from $145.00 to $150.00. They now have a “buy” rating on the stock.
  • 6/22/2017 – Stanley Black & Decker was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $160.00 price target on the stock. According to Zacks, “Over the last three months, shares of Stanley Black & Decker outperformed the Zacks categorized Machine Tools & Related Products industry. In the long term, we believe that it has solid growth potential, backed by its strategy of shifting its business portfolio toward favored growth markets through organic and inorganic means. In first-quarter 2017, the company's bottom line exceeded the Zacks Consensus Estimate by 8.4% while its revenues exceeded the expectations by 2.3%. For 2017, the company increased its earnings forecast to $7.08-$7.28 per share from the previous projection of $6.98-$7.18. In the last 60 days, earnings estimates on the stock increased for both 2017 and 2018.”
  • 6/21/2017 – Stanley Black & Decker was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Over the last three months, shares of Stanley Black & Decker outperformed the Zacks categorized Machine Tools & Related Products industry. In the long term, we believe that it has solid growth potential, backed by its strategy of shifting its business portfolio toward favored growth markets through organic and inorganic means. For 2017, the company increased its earnings forecast to $7.08-$7.28 per share from the previous projection of $6.98-$7.18. Over the last 60 days, earnings estimates on the stock increased for both 2017 and 2018. However, in the near term, the company is exposed to headwinds like increasing expenses, huge debt level and active competition in all businesses.”
  • 6/16/2017 – Stanley Black & Decker is now covered by analysts at Seaport Global Securities. They set a “buy” rating and a $160.00 price target on the stock.
  • 6/16/2017 – Stanley Black & Decker was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) opened at 138.30 on Friday. The firm has a market cap of $21.18 billion, a price-to-earnings ratio of 17.71 and a beta of 1.10. The firm has a 50 day moving average of $142.90 and a 200 day moving average of $134.93. Stanley Black & Decker, Inc. has a 52 week low of $111.89 and a 52 week high of $148.32.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Monday, July 24th. The industrial products company reported $2.01 EPS for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.05. The firm had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.18 billion. Stanley Black & Decker had a net margin of 9.92% and a return on equity of 15.36%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.84 earnings per share. Equities analysts predict that Stanley Black & Decker, Inc. will post $7.30 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Friday, September 1st will be given a $0.63 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.58. This represents a $2.52 dividend on an annualized basis and a yield of 1.82%. Stanley Black & Decker’s payout ratio is 29.74%.

In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 10,440 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $139.56, for a total value of $1,457,006.40. Following the transaction, the senior vice president now directly owns 41,541 shares in the company, valued at $5,797,461.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.15% of the stock is owned by insiders.

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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