Stanley Black & Decker (NYSE:SWK) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Wall Street Zen upgraded shares of Stanley Black & Decker (NYSE:SWK) from a buy rating to a strong-buy rating in a report published on Sunday morning,Wall Street Zen reports.

SWK has been the topic of several other research reports. Citigroup boosted their price target on Stanley Black & Decker from $100.00 to $107.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Wells Fargo & Company lifted their target price on Stanley Black & Decker from $80.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, June 18th. Weiss Ratings upgraded Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. The Goldman Sachs Group reissued a “neutral” rating and set a $93.00 price target on shares of Stanley Black & Decker in a research report on Wednesday, July 29th. Finally, Morgan Stanley set a $96.00 price objective on shares of Stanley Black & Decker in a research note on Monday, August 10th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $92.25.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock opened at $97.24 on Friday. The company has a 50 day moving average price of $95.20 and a 200 day moving average price of $83.87. The firm has a market capitalization of $14.69 billion, a P/E ratio of 23.72, a PEG ratio of 1.50 and a beta of 1.17. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.53. Stanley Black & Decker has a 52 week low of $61.90 and a 52 week high of $104.68.

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

Stanley Black & Decker Increases Dividend

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

Institutional Trading of Stanley Black & Decker

Several institutional investors have recently modified their holdings of SWK. California State Teachers Retirement System lifted its stake in Stanley Black & Decker by 9,379.5% in the 2nd quarter. California State Teachers Retirement System now owns 16,965,789 shares of the industrial products company’s stock valued at $1,596,820,000 after buying an additional 16,786,815 shares in the last quarter. Capital Research Global Investors increased its stake in Stanley Black & Decker by 0.7% during the 4th quarter. Capital Research Global Investors now owns 12,856,517 shares of the industrial products company’s stock worth $954,991,000 after buying an additional 88,402 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Stanley Black & Decker during the second quarter valued at approximately $1,006,417,000. Price T Rowe Associates Inc. MD lifted its position in shares of Stanley Black & Decker by 1.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,898,190 shares of the industrial products company’s stock valued at $735,239,000 after acquiring an additional 101,769 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Stanley Black & Decker by 2.3% in the second quarter. State Street Corp now owns 9,423,438 shares of the industrial products company’s stock worth $638,438,000 after acquiring an additional 215,960 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

About Stanley Black & Decker

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.