The Goldman Sachs Group Raises Stanley Black & Decker (NYSE:SWK) Price Target to $94.00

Stanley Black & Decker (NYSE:SWK) had its price target increased by The Goldman Sachs Group from $82.00 to $94.00 in a research note released on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the industrial products company’s stock.

Other analysts have also issued reports about the stock. Wells Fargo & Company cut their target price on shares of Stanley Black & Decker from $92.00 to $85.00 and set an equal weight rating on the stock in a research note on Wednesday, July 10th. Robert W. Baird upped their target price on shares of Stanley Black & Decker from $78.00 to $80.00 and gave the stock a neutral rating in a research note on Monday, July 29th. UBS Group upped their target price on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a buy rating in a research note on Wednesday. Finally, Barclays lowered shares of Stanley Black & Decker from an overweight rating to an equal weight rating and cut their target price for the stock from $100.00 to $86.00 in a research note on Tuesday, June 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $99.13.

Stanley Black & Decker Stock Down 2.8 %

Shares of NYSE:SWK opened at $98.63 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.40. The firm has a market capitalization of $15.19 billion, a PE ratio of -142.94, a price-to-earnings-growth ratio of 2.76 and a beta of 1.25. The firm’s 50-day moving average is $86.26 and its two-hundred day moving average is $89.35. Stanley Black & Decker has a 1 year low of $76.26 and a 1 year high of $108.15.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.25. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.02 billion. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) earnings per share. Analysts predict that Stanley Black & Decker will post 4.09 EPS for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.33%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Tuesday, September 3rd. Stanley Black & Decker’s dividend payout ratio is -469.56%.

Insider Activity at Stanley Black & Decker

In other news, SVP Janet Link sold 3,442 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $86.80, for a total value of $298,765.60. Following the completion of the sale, the senior vice president now directly owns 32,860 shares of the company’s stock, valued at $2,852,248. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Stanley Black & Decker

Several large investors have recently modified their holdings of SWK. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Stanley Black & Decker by 1.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 81,564 shares of the industrial products company’s stock valued at $8,001,000 after acquiring an additional 859 shares during the period. Advisory Alpha LLC acquired a new stake in shares of Stanley Black & Decker during the fourth quarter worth $208,000. Arizona State Retirement System lifted its holdings in shares of Stanley Black & Decker by 0.8% during the fourth quarter. Arizona State Retirement System now owns 42,113 shares of the industrial products company’s stock worth $4,131,000 after purchasing an additional 333 shares during the period. Private Trust Co. NA lifted its holdings in shares of Stanley Black & Decker by 34.5% during the fourth quarter. Private Trust Co. NA now owns 2,497 shares of the industrial products company’s stock worth $245,000 after purchasing an additional 641 shares during the period. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Stanley Black & Decker by 14.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 83,741 shares of the industrial products company’s stock worth $8,289,000 after purchasing an additional 10,424 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.