Stanley Black & Decker (NYSE:SWK) Hits New 12-Month High at $108.37

Stanley Black & Decker, Inc. (NYSE:SWK)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $108.37 and last traded at $106.17, with a volume of 48663 shares traded. The stock had previously closed at $104.87.

Wall Street Analysts Forecast Growth

Several research firms have commented on SWK. Barclays increased their target price on shares of Stanley Black & Decker from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. UBS Group increased their target price on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Wells Fargo & Company lifted their price target on Stanley Black & Decker from $85.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group increased their price objective on Stanley Black & Decker from $82.00 to $94.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, Robert W. Baird increased their price objective on Stanley Black & Decker from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus target price of $101.75.

Stanley Black & Decker Price Performance

The stock has a market cap of $16.46 billion, a P/E ratio of -154.97, a price-to-earnings-growth ratio of 2.70 and a beta of 1.24. The company has a current ratio of 1.27, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64. The company’s fifty day simple moving average is $97.19 and its 200-day simple moving average is $91.33.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.25. The firm 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.11) EPS. As a group, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 4.22 EPS for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s payout ratio is -475.36%.

Insider Buying and Selling at Stanley Black & Decker

In other news, SVP Janet Link sold 13,520 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $103.91, for a total value of $1,404,863.20. Following the sale, the senior vice president now owns 31,960 shares of the company’s stock, valued at approximately $3,320,963.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Stanley Black & Decker

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at $36,000. Principal Securities Inc. acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at $38,000. AlphaMark Advisors LLC acquired a new stake in shares of Stanley Black & Decker in the second quarter valued at $32,000. Brown Brothers Harriman & Co. increased its stake in shares of Stanley Black & Decker by 39.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock valued at $49,000 after buying an additional 140 shares in the last quarter. Finally, Fairman Group LLC acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at $50,000. 87.77% of the stock is owned by institutional investors and hedge funds.

About Stanley Black & Decker

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.