Stanley Black & Decker (NYSE:SWK) Research Coverage Started at Morgan Stanley

Morgan Stanley started coverage on shares of Stanley Black & Decker (NYSE:SWK) in a research note published on Friday, MarketBeat reports. The brokerage issued an equal weight rating and a $107.00 price target on the industrial products company’s stock.

SWK has been the topic of several other reports. Wells Fargo & Company raised their target price on Stanley Black & Decker from $85.00 to $110.00 and gave the stock an equal weight rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. raised their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an underweight rating in a research note on Monday, August 5th. UBS Group upped 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 report on Wednesday, July 31st. The Goldman Sachs Group raised their price target on Stanley Black & Decker from $82.00 to $94.00 and gave the company a neutral rating in a report on Wednesday, July 31st. Finally, Barclays upped their price target on Stanley Black & Decker from $86.00 to $96.00 and gave the stock an equal weight rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $101.75.

Stanley Black & Decker Trading Down 1.0 %

Shares of NYSE SWK opened at $96.19 on Friday. The company has a market cap of $14.81 billion, a PE ratio of -139.40, a P/E/G ratio of 2.59 and a beta of 1.24. Stanley Black & Decker has a 52-week low of $76.26 and a 52-week high of $108.15. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.27. The firm’s 50 day moving average price is $93.59 and its 200-day moving average price is $90.52.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.84 by $0.25. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.02 billion. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. Stanley Black & Decker’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the company earned ($0.11) EPS. On average, equities research analysts expect that Stanley Black & Decker will post 4.17 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.82 per share. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.81. This represents a $3.28 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Tuesday, September 3rd. Stanley Black & Decker’s payout ratio is presently -475.36%.

Insider Activity

In other news, SVP Janet Link sold 13,520 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $103.91, for a total value of $1,404,863.20. Following the completion of the sale, the senior vice president now owns 31,960 shares in the company, valued at approximately $3,320,963.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Stanley Black & Decker

Hedge funds and other institutional investors have recently modified their holdings of the business. First United Bank & Trust purchased a new position in Stanley Black & Decker during the 4th quarter worth $25,000. Quarry LP bought a new stake in shares of Stanley Black & Decker in the 4th quarter valued at about $36,000. Principal Securities Inc. purchased a new stake in Stanley Black & Decker during the fourth quarter worth $38,000. AlphaMark Advisors LLC bought a new stake in Stanley Black & Decker during the 2nd quarter valued at $32,000. Finally, Brown Brothers Harriman & Co. raised its position in shares of Stanley Black & Decker by 39.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 140 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

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.