Citigroup Issues Positive Forecast for Stanley Black & Decker (NYSE:SWK) Stock Price

Stanley Black & Decker (NYSE:SWK) had its target price raised by Citigroup from $100.00 to $107.00 in a research report sent to investors on Friday,Benzinga reports. Citigroup currently has a buy rating on the industrial products company’s stock.

SWK has been the subject of several other reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Friday, July 17th. Wall Street Zen upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Morgan Stanley dropped their price objective on shares of Stanley Black & Decker from $87.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 28th. JPMorgan Chase & Co. boosted their target price on shares of Stanley Black & Decker from $65.00 to $75.00 and gave the company an “underweight” rating in a research note on Friday, May 1st. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $93.00 price target on shares of Stanley Black & Decker in a report on Wednesday. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $90.22.

Stanley Black & Decker Price Performance

NYSE:SWK opened at $94.60 on Friday. The firm’s fifty day moving average is $86.50 and its two-hundred day moving average is $81.20. The firm has a market cap of $14.71 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 1.32 and a beta of 1.16. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 1.43. Stanley Black & Decker has a one year low of $61.90 and a one year high of $96.04.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.36. Stanley Black & Decker had a return on equity of 8.78% and a net margin of 4.07%.The business had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the business posted $1.08 EPS. The company’s revenue was up .4% on a year-over-year basis. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. Research analysts expect that Stanley Black & Decker will post 5.43 EPS for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.84 per share. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.83. This represents a $3.36 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Tuesday, September 8th. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 81.95%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Douglas Lane & Associates LLC raised its position in Stanley Black & Decker by 47.4% during the fourth quarter. Douglas Lane & Associates LLC now owns 106,850 shares of the industrial products company’s stock worth $7,937,000 after acquiring an additional 34,365 shares during the period. New York Life Investment Management LLC grew its position in shares of Stanley Black & Decker by 67.5% in the fourth quarter. New York Life Investment Management LLC now owns 34,766 shares of the industrial products company’s stock valued at $2,582,000 after purchasing an additional 14,005 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Stanley Black & Decker in the first quarter valued at about $47,448,000. LBP AM SA purchased a new stake in shares of Stanley Black & Decker during the fourth quarter worth about $2,377,000. Finally, Danske Bank A S raised its position in shares of Stanley Black & Decker by 4,890.9% during the 4th quarter. Danske Bank A S now owns 49,909 shares of the industrial products company’s stock worth $3,707,000 after purchasing an additional 48,909 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

About Stanley Black & Decker

Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.