Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have been assigned a consensus recommendation of “Buy” from the sixteen brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $152.92.

A number of research firms have recently commented on SWK. BidaskClub cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Seaport Global Securities began coverage on Stanley Black & Decker in a research note on Friday, June 16th. They issued a “buy” rating and a $160.00 target price on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $150.00 target price (up from $148.00) on shares of Stanley Black & Decker in a research note on Tuesday, July 25th. Robert W. Baird reissued a “hold” rating and issued a $150.00 target price on shares of Stanley Black & Decker in a research note on Monday, August 28th. Finally, Wolfe Research started coverage on Stanley Black & Decker in a research report on Tuesday, July 11th. They set an “outperform” rating and a $160.00 price objective on the stock.

In other news, insider John H. Wyatt sold 6,956 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $147.96, for a total value of $1,029,209.76. Following the transaction, the insider now owns 49,188 shares of the company’s stock, valued at $7,277,856.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joseph R. Voelker sold 10,432 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $150.15, for a total value of $1,566,364.80. Following the completion of the transaction, the senior vice president now directly owns 25,810 shares in the company, valued at approximately $3,875,371.50. The disclosure for this sale can be found here. 1.15% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Honkamp Krueger Financial Services Inc. grew its position in shares of Stanley Black & Decker by 0.3% during the second quarter. Honkamp Krueger Financial Services Inc. now owns 1,690 shares of the industrial products company’s stock worth $238,000 after purchasing an additional 5 shares in the last quarter. Sabal Trust CO grew its position in shares of Stanley Black & Decker by 0.4% during the second quarter. Sabal Trust CO now owns 2,409 shares of the industrial products company’s stock worth $338,000 after purchasing an additional 9 shares in the last quarter. Savant Capital LLC grew its position in shares of Stanley Black & Decker by 0.5% during the first quarter. Savant Capital LLC now owns 1,941 shares of the industrial products company’s stock worth $258,000 after purchasing an additional 10 shares in the last quarter. Farmers & Merchants Investments Inc. grew its position in shares of Stanley Black & Decker by 2.9% during the second quarter. Farmers & Merchants Investments Inc. now owns 823 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 23 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. grew its position in shares of Stanley Black & Decker by 1.3% during the second quarter. Bbva Compass Bancshares Inc. now owns 1,852 shares of the industrial products company’s stock worth $261,000 after purchasing an additional 23 shares in the last quarter. 83.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Stanley Black & Decker (NYSE SWK) traded down 0.22% during mid-day trading on Friday, hitting $151.97. 611,372 shares of the stock traded hands. Stanley Black & Decker has a 52 week low of $111.89 and a 52 week high of $152.43. The firm’s 50-day moving average is $142.02 and its 200-day moving average is $138.44. The stock has a market cap of $23.27 billion, a price-to-earnings ratio of 19.46 and a beta of 1.10.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Monday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.05. The company had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.18 billion. Stanley Black & Decker had a return on equity of 15.36% and a net margin of 9.92%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.84 earnings per share. On average, analysts forecast that Stanley Black & Decker will post $7.30 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Friday, September 1st were paid a $0.63 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.65%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.58. Stanley Black & Decker’s dividend payout ratio (DPR) is 32.31%.

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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.

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

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