Stanley Black & Decker, Inc. (NYSE: SWK) Given the consensus recommendation to “Buy” by brokerage firms
Stanley Black & Decker, Inc. (NYSE: SWK) received an average “Buy” recommendation from the twelve rating companies that currently cover the company, reports Marketbeat Ratings. Three analysts rated the stock with a keep recommendation and eight gave the company a buy recommendation. The 12-month average price target among brokerage firms that issued stock ratings in the past year is $ 218.44.
SWK has been the subject of several recent analyst reports. G.Research changed Stanley Black & Decker from a “hold” note to a “buy” note in a Thursday, June 17th research note. Morgan Stanley increased its price target for Stanley Black & Decker from $ 230.00 to $ 234.00 and rated the stock “overweight” in a report released on Wednesday, July 28. Zacks Investment Research downgraded Stanley Black & Decker shares from a “hold” rating to a “buy” rating and set a price target of $ 220.00 on the stock in a research report released on Tuesday. June 8. Deutsche Bank Aktiengesellschaft lowered its price target on Stanley Black & Decker shares from $ 241.00 to $ 238.00 and set a “buy” rating for the company in a research note on Wednesday, July 14 . Finally, Gabelli upgraded Stanley Black & Decker’s shares from a “hold” rating to a “buy” rating in a research note on Thursday, June 17.
NYSE: SWK opened at $ 175.31 on Friday. The company has a leverage ratio of 0.41, a rapid ratio of 0.53, and a current ratio of 1.21. The stock’s 50-day simple moving average is $ 191.71 and its 200-day simple moving average is $ 200.79. The company has a market cap of $ 28.57 billion, a P / E ratio of 15.78, a P / E / G ratio of 1.31 and a beta of 1.42. Stanley Black & Decker has a 52 week low of $ 158.92 and a 52 week high of $ 225.00.
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Stanley Black & Decker (NYSE: SWK) last released its results on Monday, July 26. The industrials company reported earnings per share (EPS) of $ 3.08 for the quarter, beating analyst consensus estimates of $ 2.89 by $ 0.19. The company posted revenue of $ 4.30 billion for the quarter, compared to a consensus estimate of $ 4.23 billion. Stanley Black & Decker achieved a return on equity of 20.65% and a net margin of 10.80%. Stanley Black & Decker’s quarterly revenue increased 38.7% year-on-year. In the same quarter of the previous year, the company made a profit of $ 1.60 per share. As a group, stock analysts predict that Stanley Black & Decker will post 11.63 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 21. Investors of record on Tuesday, September 7 received a dividend of $ 0.79. This represents an annualized dividend of $ 3.16 and a return of 1.80%. The ex-dividend date of this dividend was Friday September 3. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $ 0.70. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 34.96%.
Hedge funds and other institutional investors recently bought and sold shares in the company. Amundi acquired in the second quarter a new position in Stanley Black & Decker shares valued at approximately $ 752,849,000. Macquarie Group Ltd. increased its stake in Stanley Black & Decker shares by 680.5% in the second quarter. Macquarie Group Ltd. now owns 1,591,599 shares of the industrial products company valued at $ 326,263,000 after purchasing an additional 1,387,671 shares during the period. CIBC Private Wealth Group LLC increased its stake in Stanley Black & Decker shares by 73,178.1% in the 1st quarter. CIBC Private Client Group LLC now owns 1,111,629 shares of the industrial products company valued at $ 221,958,000 after purchasing an additional 1,110,112 shares during the period. Morgan Stanley increased its stake in Stanley Black & Decker by 26.1% in the 1st quarter. Morgan Stanley now owns 2,168,035 shares of the industrials company valued at $ 432,894,000 after acquiring an additional 448,300 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Stanley Black & Decker in the 1st quarter for $ 84,034,000. 84.69% of the shares are currently held by institutional investors and hedge funds.
Stanley Black & Decker Company Profile
Stanley Black & Decker, Inc provides power and hand tools, as well as related accessories, products, services and equipment for oil, gas and infrastructure applications, commercial electronic security and surveillance systems, health care solutions. health and mechanical access solutions. It operates through the following three segments: tools and storage, industrial and security.
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