Stanley Black & Decker (NYSE:SWK) Trading 13.8% Higher

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) traded up 13.8% during mid-day trading on Wednesday . The company traded as high as $92.15 and last traded at $102.73, 165,086 shares changed hands during mid-day trading. A decline of 94% from the average session volume of 2,771,999 shares. The stock had previously closed at $90.27.

A number of equities analysts recently issued reports on the company. Robert W. Baird reissued a “buy” rating and issued a $185.00 price objective on shares of Stanley Black & Decker in a report on Thursday, February 13th. Morgan Stanley decreased their price objective on Stanley Black & Decker from $116.00 to $99.00 and set an “overweight” rating for the company in a report on Monday. UBS Group initiated coverage on Stanley Black & Decker in a research note on Thursday, December 12th. They set a “buy” rating and a $200.00 price target for the company. ValuEngine raised Stanley Black & Decker from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Citigroup initiated coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They set a “buy” rating and a $205.00 price target for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $167.13.

The business has a 50 day simple moving average of $134.11 and a 200-day simple moving average of $150.47. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.50 and a current ratio of 1.01. The stock has a market capitalization of $13.90 billion, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.02. Stanley Black & Decker had a return on equity of 16.97% and a net margin of 6.62%. The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period last year, the company posted $2.11 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. Equities research analysts forecast that Stanley Black & Decker, Inc. will post 8.43 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd were given a dividend of $0.69 per share. The ex-dividend date was Monday, March 2nd. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.57%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 32.86%.

Several large investors have recently made changes to their positions in SWK. Hexavest Inc. lifted its position in shares of Stanley Black & Decker by 69.1% during the 4th quarter. Hexavest Inc. now owns 159 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 65 shares during the last quarter. Baystate Wealth Management LLC lifted its position in shares of Stanley Black & Decker by 80.2% during the 4th quarter. Baystate Wealth Management LLC now owns 155 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 69 shares during the last quarter. TFG Advisers LLC acquired a new stake in shares of Stanley Black & Decker during the 4th quarter valued at $29,000. Whittier Trust Co. lifted its position in shares of Stanley Black & Decker by 102.3% during the 4th quarter. Whittier Trust Co. now owns 261 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 132 shares during the last quarter. Finally, Horizon Bancorp Inc. IN acquired a new stake in shares of Stanley Black & Decker during the 4th quarter valued at $43,000. Institutional investors own 87.34% of the company’s stock.

About Stanley Black & Decker (NYSE:SWK)

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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