Stanley Black & Decker (NYSE:SWK) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of Stanley Black & Decker (NYSE:SWK) from a strong-buy rating to a buy rating in a report released on Saturday,Wall Street Zen reports.

Several other equities analysts have also recently commented on SWK. Morgan Stanley set a $96.00 target price on Stanley Black & Decker in a research report on Monday, August 10th. Citigroup upped their target price on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Wells Fargo & Company increased their target price on shares of Stanley Black & Decker from $80.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, June 18th. JPMorgan Chase & Co. lifted their target price on shares of Stanley Black & Decker from $65.00 to $75.00 and gave the stock an “underweight” rating in a research note on Friday, May 1st. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $93.00 price target on shares of Stanley Black & Decker in a report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and an average price target of $92.25.

Stanley Black & Decker Stock Performance

NYSE SWK opened at $96.53 on Friday. The company’s 50 day simple moving average is $94.65 and its two-hundred day simple moving average is $83.71. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 0.55. Stanley Black & Decker has a 1 year low of $61.90 and a 1 year high of $104.68. The stock has a market capitalization of $14.58 billion, a PE ratio of 23.54, a P/E/G ratio of 1.31 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.36. The firm had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.97 billion. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 EPS. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. Analysts predict that Stanley Black & Decker will post 5.57 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 3.5%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.83. The ex-dividend date is Tuesday, September 8th. Stanley Black & Decker’s dividend payout ratio is currently 80.98%.

Institutional Trading of Stanley Black & Decker

A number of hedge funds and other institutional investors have recently modified their holdings of SWK. Cardinal Point Capital Management ULC lifted its position in Stanley Black & Decker by 2.7% during the 4th quarter. Cardinal Point Capital Management ULC now owns 4,800 shares of the industrial products company’s stock valued at $357,000 after acquiring an additional 125 shares during the period. Crossmark Global Holdings Inc. grew its holdings in Stanley Black & Decker by 2.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 4,606 shares of the industrial products company’s stock worth $342,000 after purchasing an additional 126 shares during the period. Boothbay Fund Management LLC increased its stake in shares of Stanley Black & Decker by 4.0% during the fourth quarter. Boothbay Fund Management LLC now owns 3,471 shares of the industrial products company’s stock valued at $258,000 after purchasing an additional 132 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Stanley Black & Decker by 1.5% during the first quarter. Bessemer Group Inc. now owns 9,223 shares of the industrial products company’s stock valued at $654,000 after purchasing an additional 134 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Stanley Black & Decker by 19.9% during the first quarter. Assetmark Inc. now owns 880 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 146 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.