Stanley Black & Decker (NYSE:SWK) Price Target Raised to $171.00 at Morgan Stanley

Stanley Black & Decker (NYSE:SWK) had its target price boosted by Morgan Stanley from $138.00 to $171.00 in a research note released on Friday morning, BenzingaRatingsTable reports. The brokerage currently has an overweight rating on the industrial products company’s stock.

Other analysts have also issued reports about the stock. Nomura Securities upped their price target on shares of Stanley Black & Decker from $116.00 to $145.00 and gave the stock a buy rating in a research report on Friday, April 17th. Bank of America boosted their price objective on shares of Stanley Black & Decker from $120.00 to $135.00 and gave the stock a neutral rating in a research note on Thursday, May 21st. UBS Group boosted their price objective on shares of Stanley Black & Decker from $136.00 to $170.00 and gave the stock a buy rating in a research note on Friday, June 26th. JPMorgan Chase & Co. boosted their price objective on shares of Stanley Black & Decker from $130.00 to $175.00 in a research note on Friday, July 10th. Finally, Zacks Investment Research upgraded shares of Stanley Black & Decker from a hold rating to a buy rating and set a $149.00 price objective on the stock in a research note on Tuesday, July 14th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Stanley Black & Decker has an average rating of Buy and a consensus target price of $158.06.

NYSE:SWK traded down $1.14 during trading hours on Friday, reaching $153.32. 1,558,654 shares of the stock were exchanged, compared to its average volume of 984,017. Stanley Black & Decker has a twelve month low of $70.00 and a twelve month high of $173.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 0.59. The firm has a 50 day moving average of $141.95 and a 200 day moving average of $133.11. The stock has a market cap of $23.63 billion, a PE ratio of 29.20, a PEG ratio of 4.56 and a beta of 1.54.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $1.01. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.13 billion. Stanley Black & Decker had a return on equity of 13.33% and a net margin of 5.88%. The business’s revenue was down 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.66 EPS. Equities research analysts anticipate that Stanley Black & Decker will post 6.32 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.70 dividend. The ex-dividend date is Monday, August 31st. This represents a $2.80 dividend on an annualized basis and a yield of 1.83%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.69. Stanley Black & Decker’s dividend payout ratio is 32.86%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Comerica Bank lifted its holdings in shares of Stanley Black & Decker by 26.5% during the 2nd quarter. Comerica Bank now owns 39,041 shares of the industrial products company’s stock worth $5,946,000 after acquiring an additional 8,189 shares during the period. Dumont & Blake Investment Advisors LLC lifted its stake in shares of Stanley Black & Decker by 1.3% in the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 7,216 shares of the industrial products company’s stock valued at $1,006,000 after purchasing an additional 96 shares during the period. Cadence Bank NA lifted its stake in shares of Stanley Black & Decker by 13.6% in the 2nd quarter. Cadence Bank NA now owns 5,944 shares of the industrial products company’s stock valued at $828,000 after purchasing an additional 713 shares during the period. Great Valley Advisor Group Inc. acquired a new position in shares of Stanley Black & Decker in the 2nd quarter valued at about $225,000. Finally, UBS Group AG lifted its stake in shares of Stanley Black & Decker by 2.2% in the 2nd quarter. UBS Group AG now owns 370,342 shares of the industrial products company’s stock valued at $51,619,000 after purchasing an additional 8,034 shares during the period. 87.10% of the stock is owned by hedge funds and other institutional investors.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

See Also: Net Margin

Analyst Recommendations for Stanley Black & Decker (NYSE:SWK)

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