Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have earned an average recommendation of “Buy” from the twenty-one research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $181.13.
SWK has been the subject of a number of research analyst reports. KeyCorp reaffirmed a “buy” rating and set a $185.00 price objective on shares of Stanley Black & Decker in a research note on Friday, November 17th. ValuEngine raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. B. Riley set a $195.00 price objective on shares of Stanley Black & Decker and gave the company a “buy” rating in a research note on Monday, February 26th. MKM Partners increased their target price on shares of Stanley Black & Decker from $170.59 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and set a $190.00 target price on shares of Stanley Black & Decker in a research report on Thursday, January 25th.
Stanley Black & Decker (NYSE:SWK) opened at $157.82 on Friday. Stanley Black & Decker has a 1-year low of $128.08 and a 1-year high of $176.62. The company has a quick ratio of 0.58, a current ratio of 1.05 and a debt-to-equity ratio of 0.38. The stock has a market cap of $24,654.76, a PE ratio of 21.53, a price-to-earnings-growth ratio of 1.87 and a beta of 0.98.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Friday, March 9th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Thursday, March 8th. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 31.30%.
In other news, SVP Joseph R. Voelker sold 3,284 shares of the stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $151.44, for a total transaction of $497,328.96. Following the completion of the transaction, the senior vice president now directly owns 20,367 shares in the company, valued at approximately $3,084,378.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.15% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Jaffetilchin Investment Partners LLC lifted its stake in Stanley Black & Decker by 126.8% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 4,314 shares of the industrial products company’s stock worth $732,000 after purchasing an additional 2,412 shares during the last quarter. BlackRock Inc. lifted its stake in Stanley Black & Decker by 1.5% in the fourth quarter. BlackRock Inc. now owns 10,065,546 shares of the industrial products company’s stock valued at $1,708,022,000 after buying an additional 144,926 shares during the last quarter. Toronto Dominion Bank lifted its stake in Stanley Black & Decker by 12.1% in the third quarter. Toronto Dominion Bank now owns 58,090 shares of the industrial products company’s stock valued at $8,769,000 after buying an additional 6,273 shares during the last quarter. American International Group Inc. lifted its stake in Stanley Black & Decker by 7.1% in the fourth quarter. American International Group Inc. now owns 73,116 shares of the industrial products company’s stock valued at $12,407,000 after buying an additional 4,826 shares during the last quarter. Finally, Yellowstone Partners LLC bought a new stake in Stanley Black & Decker in the third quarter valued at $332,000. Institutional investors own 84.07% of the company’s stock.
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Stanley Black & Decker Company Profile
Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.
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