Stanley Black & Decker (NYSE:SWK) Given “Buy” Rating at Robert W. Baird

Robert W. Baird restated their buy rating on shares of Stanley Black & Decker (NYSE:SWK) in a research report sent to investors on Thursday, TipRanks reports. The brokerage currently has a $185.00 price objective on the industrial products company’s stock.

A number of other research firms have also recently issued reports on SWK. Bank of America raised Stanley Black & Decker from an underperform rating to a buy rating and set a $182.00 target price for the company in a research note on Thursday, November 14th. They noted that the move was a valuation call. Wolfe Research set a $160.00 target price on Stanley Black & Decker and gave the stock a hold rating in a research note on Friday, October 25th. Deutsche Bank increased their target price on Stanley Black & Decker from $166.00 to $180.00 and gave the stock a buy rating in a research note on Wednesday, December 4th. ValuEngine cut Stanley Black & Decker from a hold rating to a sell rating in a research note on Tuesday, January 21st. Finally, Zelman & Associates cut Stanley Black & Decker from a buy rating to a hold rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of $169.47.

NYSE SWK traded down $0.91 during trading hours on Thursday, reaching $166.97. 536,615 shares of the company’s stock were exchanged, compared to its average volume of 1,187,568. The company’s 50-day moving average is $166.25 and its two-hundred day moving average is $152.47. Stanley Black & Decker has a one year low of $126.37 and a one year high of $173.67. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.01. The company has a market capitalization of $25.00 billion, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 2.08 and a beta of 1.43.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Wednesday, January 29th. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.02. Stanley Black & Decker had a return on equity of 16.15% and a net margin of 6.62%. The business had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the prior year, the business earned $2.11 EPS. Stanley Black & Decker’s revenue for the quarter was up 2.2% compared to the same quarter last year. Research analysts predict that Stanley Black & Decker will post 8.93 earnings per share for the current fiscal year.

Stanley Black & Decker declared that its Board of Directors has authorized a stock repurchase program on Thursday, October 24th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the industrial products company to purchase up to 0.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

In other news, SVP Jaime A. Ramirez sold 16,108 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $158.93, for a total transaction of $2,560,044.44. Following the completion of the transaction, the senior vice president now directly owns 50,856 shares of the company’s stock, valued at approximately $8,082,544.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jocelyn Belisle sold 206 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $158.72, for a total transaction of $32,696.32. Following the transaction, the chief accounting officer now directly owns 12,329 shares of the company’s stock, valued at $1,956,858.88. The disclosure for this sale can be found here. Insiders have sold a total of 17,647 shares of company stock valued at $2,803,661 over the last ninety days. Company insiders own 1.03% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Hexavest Inc. boosted its holdings in shares of Stanley Black & Decker by 69.1% in the 4th quarter. Hexavest Inc. now owns 159 shares of the industrial products company’s stock valued at $26,000 after buying an additional 65 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Stanley Black & Decker by 0.7% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,789 shares of the industrial products company’s stock valued at $1,622,000 after buying an additional 65 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Stanley Black & Decker by 2.1% in the 3rd quarter. Cerity Partners LLC now owns 3,286 shares of the industrial products company’s stock valued at $474,000 after buying an additional 68 shares during the last quarter. Baystate Wealth Management LLC boosted its holdings in shares of Stanley Black & Decker by 80.2% in the 4th quarter. Baystate Wealth Management LLC now owns 155 shares of the industrial products company’s stock valued at $26,000 after buying an additional 69 shares during the last quarter. Finally, Northwest Investment Counselors LLC boosted its holdings in shares of Stanley Black & Decker by 0.4% in the 4th quarter. Northwest Investment Counselors LLC now owns 18,760 shares of the industrial products company’s stock valued at $3,109,000 after buying an additional 73 shares during the last quarter. 84.36% of the stock is owned by institutional investors.

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

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