Stanley Black & Decker (NYSE:SWK) Shares Gap Up – Still a Buy?

Stanley Black & Decker, Inc. (NYSE:SWK) gapped up before the market opened on Monday . The stock had previously closed at $62.67, but opened at $70.50. Stanley Black & Decker shares last traded at $72.73, with a volume of 1,454,249 shares changing hands.

Analyst Ratings Changes

A number of brokerages have issued reports on SWK. Barclays decreased their price target on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 26th. UBS Group reduced their price objective on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Wells Fargo & Company reduced their price objective on Stanley Black & Decker from $70.00 to $60.00 and set an “equal weight” rating for the company in a research note on Thursday, May 1st. Robert W. Baird raised their price objective on Stanley Black & Decker from $60.00 to $65.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Finally, Citigroup reduced their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Stanley Black & Decker currently has an average rating of “Hold” and a consensus price target of $92.70.

Stanley Black & Decker Trading Up 16.6%

The firm has a market cap of $11.31 billion, a price-to-earnings ratio of 37.67, a PEG ratio of 1.33 and a beta of 1.19. The company has a 50-day moving average price of $68.75 and a 200 day moving average price of $80.21. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.68 by $0.07. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Stanley Black & Decker’s revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.56 earnings per share. As a group, research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be given a dividend of $0.82 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 4.49%. Stanley Black & Decker’s payout ratio is 136.10%.

Institutional Trading of Stanley Black & Decker

A number of institutional investors have recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Stanley Black & Decker by 0.7% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company’s stock valued at $1,758,000 after purchasing an additional 149 shares during the last quarter. Mather Group LLC. boosted its position in Stanley Black & Decker by 11.1% during the fourth quarter. Mather Group LLC. now owns 1,506 shares of the industrial products company’s stock valued at $121,000 after purchasing an additional 151 shares during the last quarter. Vontobel Holding Ltd. boosted its position in Stanley Black & Decker by 3.8% during the first quarter. Vontobel Holding Ltd. now owns 4,494 shares of the industrial products company’s stock valued at $345,000 after purchasing an additional 165 shares during the last quarter. Global X Japan Co. Ltd. boosted its position in Stanley Black & Decker by 3.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 5,056 shares of the industrial products company’s stock valued at $406,000 after purchasing an additional 172 shares during the last quarter. Finally, Allen Mooney & Barnes Investment Advisors LLC lifted its position in shares of Stanley Black & Decker by 0.7% in the first quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 24,854 shares of the industrial products company’s stock worth $1,911,000 after buying an additional 174 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.