Stanley Black & Decker (NYSE:SWK) Sets New 52-Week High on Analyst Upgrade

Stanley Black & Decker, Inc. (NYSE:SWK) hit a new 52-week high on Monday after Weiss Ratings upgraded the stock from a hold (c) rating to a hold (c+) rating. The stock traded as high as $97.86 and last traded at $97.6070, with a volume of 95463 shares changing hands. The stock had previously closed at $94.58.

A number of other research analysts also recently weighed in on the company. The Goldman Sachs Group restated a “neutral” rating and issued a $93.00 price target on shares of Stanley Black & Decker in a research note on Wednesday. Citigroup boosted their target price on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley cut their price target on shares of Stanley Black & Decker from $87.00 to $84.00 and set an “equal weight” rating for the company in a research note on Thursday, May 28th. Wells Fargo & Company boosted their price objective on shares of Stanley Black & Decker from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 18th. Finally, JPMorgan Chase & Co. lifted their price target on Stanley Black & Decker from $65.00 to $75.00 and gave the stock an “underweight” rating in a report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $90.22.

Institutional Investors Weigh In On Stanley Black & Decker

Several hedge funds have recently bought and sold shares of the stock. Chapman Financial Group LLC bought a new position in shares of Stanley Black & Decker during the second quarter worth approximately $26,000. CYBER HORNET ETFs LLC bought a new stake in Stanley Black & Decker in the 2nd quarter valued at $28,000. Kovack Advisors Inc. acquired a new position in Stanley Black & Decker in the 4th quarter valued at $28,000. Motiv8 Investments LLC bought a new position in Stanley Black & Decker during the 4th quarter worth $31,000. Finally, MUFG Securities EMEA plc bought a new position in Stanley Black & Decker during the 2nd quarter worth $31,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Up 3.3%

The stock has a fifty day moving average price of $86.50 and a two-hundred day moving average price of $81.19. The company has a market cap of $14.75 billion, a price-to-earnings ratio of 23.82, a P/E/G ratio of 1.30 and a beta of 1.16. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.53.

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

Stanley Black & Decker Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be issued a dividend of $0.84 per share. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.83. This represents a $3.36 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 8th. Stanley Black & Decker’s payout ratio is 80.98%.

Stanley Black & Decker Company Profile

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.