Stanley Black & Decker (NYSE:SWK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Stanley Black & Decker (NYSE:SWK) from a buy rating to a strong-buy rating in a research note issued to investors on Sunday morning,Wall Street Zen reports.

A number of other brokerages have also recently issued reports on SWK. Weiss Ratings upgraded shares of Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $93.00 target price on shares of Stanley Black & Decker in a report on Wednesday, July 29th. Wells Fargo & Company boosted their price target on shares of Stanley Black & Decker from $80.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, June 18th. Citigroup upped their price objective on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Morgan Stanley set a $96.00 target price on Stanley Black & Decker in a report on Monday, August 10th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Stanley Black & Decker has a consensus rating of “Hold” and an average target price of $92.25.

Stanley Black & Decker Stock Down 3.5%

Shares of Stanley Black & Decker stock opened at $93.92 on Friday. The business has a fifty day simple moving average of $95.26 and a 200 day simple moving average of $83.94. The stock has a market cap of $14.18 billion, a PE ratio of 22.91, a price-to-earnings-growth ratio of 1.50 and a beta of 1.17. 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 has a 12 month low of $61.90 and a 12 month high of $104.68.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.36. The firm had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Stanley Black & Decker had a return on equity of 8.78% and a net margin of 4.07%.The company’s revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business earned $1.08 earnings per share. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. Research analysts predict that Stanley Black & Decker will post 5.57 EPS for the current year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be given a $0.84 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $3.36 annualized dividend and a yield of 3.6%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.83. Stanley Black & Decker’s payout ratio is presently 80.98%.

Institutional Trading of Stanley Black & Decker

Several hedge funds and other institutional investors have recently modified their holdings of the company. California State Teachers Retirement System boosted its position in shares of Stanley Black & Decker by 9,379.5% during the second quarter. California State Teachers Retirement System now owns 16,965,789 shares of the industrial products company’s stock worth $1,596,820,000 after buying an additional 16,786,815 shares during the period. BlackRock Inc. bought a new stake in Stanley Black & Decker in the 2nd quarter valued at approximately $1,006,417,000. Norges Bank acquired a new position in Stanley Black & Decker during the 4th quarter worth approximately $133,961,000. Nykredit A S bought a new position in shares of Stanley Black & Decker during the 2nd quarter worth approximately $166,378,000. Finally, Confluence Investment Management LLC acquired a new stake in shares of Stanley Black & Decker in the second quarter valued at approximately $126,909,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

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.