Robert W. Baird Raises Stanley Black & Decker (NYSE:SWK) Price Target to $104.00

Stanley Black & Decker (NYSE:SWK) had its price objective lifted by Robert W. Baird from $94.00 to $104.00 in a research report released on Monday, Benzinga reports. The firm currently has a neutral rating on the industrial products company’s stock.

Several other research analysts also recently issued reports on SWK. UBS Group upped their price objective on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group raised their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. increased their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a report on Monday, August 5th. Wells Fargo & Company decreased their price objective on Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Finally, Barclays increased their price objective on Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $106.13.

Stanley Black & Decker Price Performance

Shares of SWK stock opened at $103.28 on Monday. The company has a quick ratio of 0.42, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. Stanley Black & Decker has a twelve month low of $76.57 and a twelve month high of $110.88. The company has a market cap of $15.89 billion, a P/E ratio of -149.68, a P/E/G ratio of 2.83 and a beta of 1.24. The business has a fifty day simple moving average of $103.35 and a 200 day simple moving average of $93.58.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.25. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same period in the prior year, the company earned ($0.11) EPS. Stanley Black & Decker’s revenue was down 3.2% compared to the same quarter last year. On average, sell-side analysts forecast that Stanley Black & Decker will post 4.18 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.18%. Stanley Black & Decker’s payout ratio is currently -475.36%.

Insiders Place Their Bets

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the completion of the sale, the senior vice president now directly owns 31,960 shares in the company, valued at approximately $3,320,963.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Stanley Black & Decker

A number of institutional investors and hedge funds have recently made changes to their positions in SWK. Rise Advisors LLC raised its stake in Stanley Black & Decker by 99.3% during the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after buying an additional 133 shares during the period. AlphaMark Advisors LLC acquired a new position in shares of Stanley Black & Decker during the second quarter worth approximately $32,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Stanley Black & Decker by 81.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 237 shares in the last quarter. Waldron Private Wealth LLC acquired a new stake in Stanley Black & Decker in the 3rd quarter valued at $59,000. Finally, Armstrong Advisory Group Inc. bought a new stake in Stanley Black & Decker during the 3rd quarter valued at $72,000. Institutional investors own 87.77% of the company’s stock.

About Stanley Black & Decker

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.