Stanley Black & Decker Inc. (NYSE:SWK) has been given an average rating of “Hold” by the fourteen research firms that are currently covering the firm. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $119.78.

SWK has been the subject of several research reports. Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research report on Monday, September 26th. Zelman & Associates lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Longbow Research lowered shares of Stanley Black & Decker from a “buy” rating to a “neutral” rating in a research report on Monday, August 22nd. Credit Suisse Group AG reiterated a “hold” rating on shares of Stanley Black & Decker in a research report on Tuesday, June 28th. Finally, Imperial Capital reiterated a “hold” rating and set a $107.00 target price on shares of Stanley Black & Decker in a research report on Wednesday, June 29th.

Shares of Stanley Black & Decker (NYSE:SWK) traded down 0.75% during mid-day trading on Monday, reaching $121.35. 379,786 shares of the company’s stock traded hands. The firm has a 50-day moving average of $122.27 and a 200 day moving average of $115.63. Stanley Black & Decker has a 12-month low of $88.72 and a 12-month high of $124.86. The company has a market cap of $18.25 billion, a P/E ratio of 18.95 and a beta of 1.38.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Friday, July 22nd. The company reported $1.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.12. The company earned $2.90 billion during the quarter, compared to analyst estimates of $2.90 billion. Stanley Black & Decker had a net margin of 8.47% and a return on equity of 16.96%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.54 earnings per share. Equities analysts forecast that Stanley Black & Decker will post $6.48 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 20th. Investors of record on Friday, September 2nd were paid a $0.58 dividend. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Wednesday, August 31st. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 36.19%.

In related news, CFO Lee B. Mcchesney sold 1,875 shares of the firm’s stock in a transaction that occurred on Thursday, July 14th. The shares were sold at an average price of $118.06, for a total value of $221,362.50. Following the sale, the chief financial officer now directly owns 28,679 shares of the company’s stock, valued at $3,385,842.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Steven J. Stafstrom sold 2,407 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $121.96, for a total transaction of $293,557.72. Following the completion of the sale, the vice president now directly owns 24,656 shares in the company, valued at $3,007,045.76. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its stake in shares of Stanley Black & Decker by 248.5% in the first quarter. Renaissance Technologies LLC now owns 513,962 shares of the company’s stock worth $54,074,000 after buying an additional 366,500 shares in the last quarter. BB&T Securities LLC increased its stake in shares of Stanley Black & Decker by 1,106.3% in the first quarter. BB&T Securities LLC now owns 50,775 shares of the company’s stock worth $5,342,000 after buying an additional 46,566 shares in the last quarter. British Airways Pensions Investment Management Ltd bought a new stake in shares of Stanley Black & Decker during the second quarter worth $25,594,000. National Pension Service increased its stake in shares of Stanley Black & Decker by 4.5% in the first quarter. National Pension Service now owns 94,664 shares of the company’s stock worth $9,960,000 after buying an additional 4,105 shares in the last quarter. Finally, Sunriver Management LLC increased its stake in shares of Stanley Black & Decker by 15.2% in the first quarter. Sunriver Management LLC now owns 132,940 shares of the company’s stock worth $13,987,000 after buying an additional 17,552 shares in the last quarter. 83.96% of the stock is currently owned by institutional investors and hedge funds.

About Stanley Black & Decker

Stanley Black & Decker, Inc is a provider of hand tools, power tools and related accessories, mechanical access solutions (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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