Stanley Black & Decker (SWK) Upgraded to “Hold” at Zacks Investment Research

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Zacks Investment Research upgraded shares of Stanley Black & Decker (NYSE:SWK) from a sell rating to a hold rating in a report published on Wednesday morning.

According to Zacks, “Stanley Black & Decker's growth is likely to be driven by its strategy of shifting the business portfolio toward favored growth markets through organic and inorganic means. For 2019, the company anticipates gaining from strengthening foothold in emerging markets, favorable e-commerce trend and efforts to innovate products as well as growing recognition for Craftsman, Lenox, Irwin, and DeWalt FlexVolt products. Organic sales growth is predicted to be roughly 4%. Moreover, the company anticipates that stake in the MTD Products and IES Attachments buyouts will boost its competency. However, the company is dealing with adverse impacts of rising cost of sales. Notably, in the fourth quarter of 2018, its cost of sales increased 9.4% year over year primarily due to commodity inflation and tariffs. Also, high interest and tax expenses are concerning.”

Other analysts have also issued research reports about the stock. Credit Suisse Group set a $155.00 target price on shares of Stanley Black & Decker and gave the stock a buy rating in a report on Friday, January 11th. Deutsche Bank raised shares of Stanley Black & Decker from a hold rating to a buy rating and upped their target price for the stock from $136.00 to $143.00 in a report on Sunday, December 16th. Wolfe Research set a $140.00 target price on shares of Stanley Black & Decker and gave the stock a buy rating in a report on Wednesday, January 23rd. TheStreet lowered shares of Stanley Black & Decker from a b- rating to a c+ rating in a report on Tuesday, January 22nd. Finally, Raymond James reaffirmed a hold rating on shares of Stanley Black & Decker in a report on Wednesday, January 23rd. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Stanley Black & Decker currently has a consensus rating of Buy and an average target price of $155.00.

NYSE SWK opened at $130.90 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.55 and a current ratio of 1.14. The company has a market capitalization of $20.37 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24. Stanley Black & Decker has a 12-month low of $106.41 and a 12-month high of $158.47.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Tuesday, January 22nd. The industrial products company reported $2.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.10 by $0.01. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.62 billion. Stanley Black & Decker had a net margin of 4.62% and a return on equity of 16.73%. Stanley Black & Decker’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.18 EPS. Research analysts predict that Stanley Black & Decker will post 8.54 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Tuesday, March 5th were paid a $0.66 dividend. The ex-dividend date was Monday, March 4th. This represents a $2.64 dividend on an annualized basis and a yield of 2.02%. Stanley Black & Decker’s dividend payout ratio is presently 32.39%.

In other Stanley Black & Decker news, SVP Joseph R. Voelker sold 3,488 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $137.48, for a total value of $479,530.24. Following the completion of the transaction, the senior vice president now owns 22,149 shares of the company’s stock, valued at approximately $3,045,044.52. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jeffrey D. Ansell sold 9,527 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $139.80, for a total transaction of $1,331,874.60. Following the completion of the transaction, the executive vice president now directly owns 61,289 shares of the company’s stock, valued at approximately $8,568,202.20. The disclosure for this sale can be found here. In the last three months, insiders sold 14,615 shares of company stock valued at $2,018,879. Corporate insiders own 1.03% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in SWK. Proficio Capital Partners LLC boosted its stake in shares of Stanley Black & Decker by 370.5% in the 4th quarter. Proficio Capital Partners LLC now owns 207 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 163 shares in the last quarter. Legacy Financial Advisors Inc. boosted its stake in shares of Stanley Black & Decker by 72.8% in the 4th quarter. Legacy Financial Advisors Inc. now owns 330 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 139 shares in the last quarter. Lindbrook Capital LLC purchased a new stake in shares of Stanley Black & Decker in the 4th quarter valued at $41,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Stanley Black & Decker in the 4th quarter valued at $57,000. Finally, Phocas Financial Corp. purchased a new stake in shares of Stanley Black & Decker in the 4th quarter valued at $63,000. 87.21% of the stock is owned by institutional investors and hedge funds.

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.

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