Deutsche Bank Begins Coverage on Stanley Black & Decker (SWK)
Deutsche Bank began coverage on shares of Stanley Black & Decker (NYSE:SWK) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage issued a hold rating and a $136.00 target price on the industrial products company’s stock.
Several other research firms have also commented on SWK. Credit Suisse Group assumed coverage on Stanley Black & Decker in a report on Monday, September 17th. They set an outperform rating and a $170.00 target price on the stock. ValuEngine raised Stanley Black & Decker from a sell rating to a hold rating in a report on Friday, July 20th. Barclays raised their target price on Stanley Black & Decker from $164.00 to $166.00 and gave the stock a $138.69 rating in a report on Monday, July 23rd. UBS Group dropped their target price on Stanley Black & Decker from $195.00 to $190.00 and set a buy rating on the stock in a report on Thursday, August 30th. Finally, Morgan Stanley assumed coverage on Stanley Black & Decker in a report on Monday, August 20th. They set an overweight rating and a $164.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. The company has an average rating of Buy and an average price target of $163.29.
Stanley Black & Decker stock traded down $2.69 during midday trading on Wednesday, hitting $125.74. 1,435,801 shares of the company were exchanged, compared to its average volume of 2,258,298. The firm has a market cap of $19.44 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 1.69 and a beta of 1.32. Stanley Black & Decker has a fifty-two week low of $106.41 and a fifty-two week high of $176.62. The company has a quick ratio of 0.48, a current ratio of 0.92 and a debt-to-equity ratio of 0.39.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Friday, November 30th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 2.10%. The ex-dividend date is Thursday, November 29th. Stanley Black & Decker’s payout ratio is currently 35.44%.
In other Stanley Black & Decker news, Director Michael David Hankin acquired 907 shares of the company’s stock in a transaction on Monday, October 29th. The shares were bought at an average cost of $112.93 per share, with a total value of $102,427.51. Following the completion of the acquisition, the director now owns 2,157 shares in the company, valued at $243,590.01. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jaime A. Ramirez sold 8,251 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $111.29, for a total value of $918,253.79. Following the completion of the sale, the senior vice president now directly owns 36,566 shares in the company, valued at $4,069,430.14. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Pennsylvania Trust Co boosted its stake in shares of Stanley Black & Decker by 6.1% in the third quarter. Pennsylvania Trust Co now owns 100,609 shares of the industrial products company’s stock worth $14,734,000 after acquiring an additional 5,765 shares during the last quarter. Toth Financial Advisory Corp acquired a new stake in shares of Stanley Black & Decker in the third quarter worth approximately $264,000. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Stanley Black & Decker by 72.3% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 5,301 shares of the industrial products company’s stock worth $704,000 after acquiring an additional 2,225 shares during the last quarter. ING Groep NV boosted its stake in shares of Stanley Black & Decker by 53.4% in the second quarter. ING Groep NV now owns 16,523 shares of the industrial products company’s stock worth $2,194,000 after acquiring an additional 5,755 shares during the last quarter. Finally, Cornerstone Wealth Management LLC boosted its stake in shares of Stanley Black & Decker by 1,196.2% in the third quarter. Cornerstone Wealth Management LLC now owns 664,439 shares of the industrial products company’s stock worth $4,241,000 after acquiring an additional 613,177 shares during the last quarter. 84.86% of the stock is currently owned by institutional investors.
About Stanley Black & Decker
Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.
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