Stanley Black & Decker (NYSE:SWK) Sets New 52-Week High – Still a Buy?

Shares of Stanley Black & Decker, Inc. (NYSE:SWKGet Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $95.47 and last traded at $95.6440, with a volume of 94246 shares trading hands. The stock had previously closed at $94.17.

Trending Headlines about Stanley Black & Decker

Here are the key news stories impacting Stanley Black & Decker this week:

Analyst Ratings Changes

Several research firms recently issued reports on SWK. Wall Street Zen raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Morgan Stanley dropped their target price on shares of Stanley Black & Decker from $87.00 to $84.00 and set an “equal weight” rating on the stock in a report on Thursday, May 28th. Weiss Ratings restated a “hold (c)” rating on shares of Stanley Black & Decker in a report on Friday, July 17th. JPMorgan Chase & Co. raised their price target on Stanley Black & Decker from $65.00 to $75.00 and gave the company an “underweight” rating in a research report on Friday, May 1st. Finally, Robert W. Baird set a $84.00 target price on Stanley Black & Decker in a research note on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Stanley Black & Decker currently has an average rating of “Hold” and an average target price of $89.44.

View Our Latest Stock Report on Stanley Black & Decker

Stanley Black & Decker Price Performance

The stock has a market cap of $14.47 billion, a price-to-earnings ratio of 38.15, a P/E/G ratio of 1.32 and a beta of 1.16. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.14 and a quick ratio of 0.43. The stock’s 50 day simple moving average is $85.74 and its two-hundred day simple moving average is $81.01.

Stanley Black & Decker (NYSE:SWKGet Free Report) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.36. Stanley Black & Decker had a net margin of 2.44% and a return on equity of 7.95%. The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period in the previous year, the business earned $1.08 EPS. The firm’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. On average, analysts forecast that Stanley Black & Decker, Inc. will post 5.35 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be paid 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 a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.83. Stanley Black & Decker’s payout ratio is presently 136.07%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cardinal Point Capital Management ULC grew its holdings in shares of Stanley Black & Decker by 2.7% in the 4th quarter. Cardinal Point Capital Management ULC now owns 4,800 shares of the industrial products company’s stock worth $357,000 after purchasing an additional 125 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in Stanley Black & Decker by 2.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 4,606 shares of the industrial products company’s stock valued at $342,000 after buying an additional 126 shares in the last quarter. Boothbay Fund Management LLC grew its stake in Stanley Black & Decker by 4.0% during the fourth quarter. Boothbay Fund Management LLC now owns 3,471 shares of the industrial products company’s stock worth $258,000 after buying an additional 132 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Stanley Black & Decker by 1.5% during the first quarter. Bessemer Group Inc. now owns 9,223 shares of the industrial products company’s stock worth $654,000 after buying an additional 134 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of Stanley Black & Decker by 19.9% in the first quarter. Assetmark Inc. now owns 880 shares of the industrial products company’s stock valued at $63,000 after acquiring an additional 146 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.