Robert W. Baird reaffirmed their hold rating on shares of Stanley Black & Decker, Inc. (NYSE:SWK) in a research report report published on Monday morning. The brokerage currently has a $150.00 target price on the industrial products company’s stock.

Several other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of Stanley Black & Decker from a hold rating to a buy rating and set a $160.00 price target for the company in a research report on Thursday, June 22nd. BidaskClub cut shares of Stanley Black & Decker from a buy rating to a hold rating in a research report on Tuesday, July 25th. MKM Partners initiated coverage on shares of Stanley Black & Decker in a research report on Friday, July 7th. They issued a buy rating and a $166.00 price target for the company. Imperial Capital raised their price target on shares of Stanley Black & Decker from $125.00 to $148.00 and gave the company an in-line rating in a research report on Tuesday, May 9th. Finally, Wolfe Research initiated coverage on shares of Stanley Black & Decker in a research report on Tuesday, July 11th. They issued an outperform rating and a $160.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. Stanley Black & Decker has a consensus rating of Buy and an average target price of $153.71.

Stanley Black & Decker (NYSE SWK) opened at 138.67 on Monday. The company has a market cap of $21.24 billion, a price-to-earnings ratio of 17.76 and a beta of 1.10. The stock has a 50 day moving average price of $141.91 and a 200 day moving average price of $136.13. Stanley Black & Decker has a 12 month low of $111.89 and a 12 month high of $148.32.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Monday, July 24th. The industrial products company reported $2.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.05. Stanley Black & Decker had a net margin of 9.92% and a return on equity of 15.36%. The company had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter last year, the company posted $1.84 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. Analysts anticipate that Stanley Black & Decker will post $7.30 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Friday, September 1st will be given a dividend of $0.63 per share. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.58. This represents a $2.52 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Wednesday, August 30th. Stanley Black & Decker’s payout ratio is 29.74%.

In other news, SVP Jaime A. Ramirez sold 10,440 shares of Stanley Black & Decker stock in a transaction on Friday, June 9th. The shares were sold at an average price of $139.56, for a total transaction of $1,457,006.40. Following the completion of the sale, the senior vice president now directly owns 41,541 shares of the company’s stock, valued at approximately $5,797,461.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.15% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Stanley Black & Decker by 2.6% in the second quarter. Vanguard Group Inc. now owns 11,396,761 shares of the industrial products company’s stock valued at $1,603,865,000 after buying an additional 287,124 shares in the last quarter. BlackRock Inc. raised its stake in shares of Stanley Black & Decker by 1,670.7% in the first quarter. BlackRock Inc. now owns 10,447,937 shares of the industrial products company’s stock valued at $1,388,216,000 after buying an additional 9,857,885 shares in the last quarter. State Street Corp raised its stake in shares of Stanley Black & Decker by 3.2% in the first quarter. State Street Corp now owns 7,828,768 shares of the industrial products company’s stock valued at $1,040,211,000 after buying an additional 244,854 shares in the last quarter. Boston Partners raised its stake in shares of Stanley Black & Decker by 9.7% in the first quarter. Boston Partners now owns 3,714,012 shares of the industrial products company’s stock valued at $493,481,000 after buying an additional 329,259 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Stanley Black & Decker by 0.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,619,158 shares of the industrial products company’s stock valued at $480,878,000 after buying an additional 15,721 shares in the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

About Stanley Black & Decker

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.

Analyst Recommendations for Stanley Black & Decker (NYSE:SWK)

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