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Shares of Stanley Black & Decker, Inc. (NYSE:SWK – Get Rating) have been given an average recommendation of “Buy” by the seventeen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $181.58.

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Stanley Black & Decker from $223.00 to $183.00 and set a “buy” rating on the stock in a research note on Thursday, April 14th. Credit Suisse Group started coverage on shares of Stanley Black & Decker in a research note on Tuesday, April 5th. They issued an “outperform” rating and a $165.00 price target on the stock. TheStreet downgraded Stanley Black & Decker from a “b-” rating to a “c+” rating in a report on Wednesday, March 30th. Barclays decreased their price objective on Stanley Black & Decker from $220.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, April 4th. Finally, Morgan Stanley decreased their price objective on Stanley Black & Decker from $195.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, April 7th.

SWK stock opened at $140.17 on Tuesday. The company’s 50 day moving average price is $150.75 and its 200 day moving average price is $172.18. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.35 and a current ratio of 0.97. Stanley Black & Decker has a fifty-two week low of $136.62 and a fifty-two week high of $225.00. The firm has a market capitalization of $22.91 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 1.29 and a beta of 1.37.

Stanley Black & Decker (NYSE:SWK – Get Rating) last released its earnings results on Tuesday, February 1st. The industrial products company reported $2.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.06 by $0.08. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.46 billion. Stanley Black & Decker had a net margin of 10.04% and a return on equity of 17.27%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.29 earnings per share. Equities analysts forecast that Stanley Black & Decker will post 12.12 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 22nd. Investors of record on Tuesday, March 8th were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Monday, March 7th. Stanley Black & Decker’s dividend payout ratio is presently 30.56%.

In other Stanley Black & Decker news, CAO Jocelyn Belisle sold 3,244 shares of the firm’s stock in a transaction on Monday, March 7th. The stock was sold at an average price of $157.71, for a total value of $511,611.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Stephen Subasic sold 6,611 shares of the firm’s stock in a transaction on Friday, February 25th. The shares were sold at an average price of $155.91, for a total value of $1,030,721.01. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in SWK. Quent Capital LLC purchased a new position in shares of Stanley Black & Decker in the fourth quarter valued at $25,000. Clearstead Advisors LLC increased its position in Stanley Black & Decker by 1,023.1% during the 3rd quarter. Clearstead Advisors LLC now owns 146 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 133 shares in the last quarter. Okabena Investment Services Inc. purchased a new stake in Stanley Black & Decker during the 4th quarter worth about $28,000. CVA Family Office LLC purchased a new stake in Stanley Black & Decker during the 4th quarter worth about $30,000. Finally, Retirement Planning Co of New England Inc. purchased a new stake in Stanley Black & Decker during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 86.43% of the company’s stock.

About Stanley Black & Decker (Get Rating)

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

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“Being part of the Black & Decker and then Stanley Black & Decker Board of Directors has been one of the most rewarding experiences for me both professional and personally, particularly because I started my professional career as an apprentice in a Stanley manufacturing plant in Sheffield, UK, many years ago,” said Buckley. “I am confident the company has the management team and Board leadership in place to continue its historically successful trajectory, creating the tools and solutions for those who make the world.”

Buckley joined the Black & Decker Board in 2006 and later joined the Stanley Black & Decker board in 2010 following the merger of the two companies. He is the former Chairman, President and Chief Executive Officer of 3M Company, as well as Chairman and CEO of Brunswick Group. He currently serves as Chairman of Smiths Group plc and a director of Hitachi Ltd. Buckley was elected Chair of the Stanley Black & Decker Board in January 2017 and also served as Lead Independent Director of the Board from April 2015 to December 2016.

Ayers is the former President and Chief Executive Officer, as well as a Director, of Convergys Corporation and has been a Stanley Black & Decker director since December 2014. In her leadership of Convergys, she played a significant role in the company’s transformation to a customer management solutions company with significant expertise in customer experience, customer management, analytics and technology. Ayers has been a significant contributor to the Board as Chair of the Compensation and Talent Development Committee and a member of the Finance and Pension Committee.

In commenting on Mitchell, Ayers said, “Adrian is an exceptional financial and operational leader with a consistent track record of delivering tangible business results and shareholder value, and an expertise in a variety of consumer businesses. We welcome Adrian to the Board and look forward to his contributions as we advance the company’s attractive long-term growth strategy and focus on delivering value to our shareholders.”  

In his role as Executive Vice President and CFO at Macy’s, Inc., Mitchell is responsible for leading all finance functions including, accounting, treasury, investor relations, internal audit, real estate, financial/capital planning & analysis, and procurement. He also serves as the executive sponsor for several enterprise-wide optimization initiatives leveraging advanced analytics and machine learning, including inventory productivity, loyalty and personalization, pricing and promotions, stores network, and supply chain efforts.

Prior to joining Macy’s, Inc., Mitchell was Managing Director and Partner in the Digital BCG and Consumer Practices of Boston Consulting Group (BCG). During his 25-year career, Mitchell has served as a strategic advisor to Fortune 500 companies in management consulting and in senior roles across multiple companies and functions, including as CEO for Arhaus LLC and as Interim CEO, COO and CFO for Crate and Barrel Holdings, Inc. He has also previously served as a Director for Recreational Equipment, Inc. (REI). Mitchell earned a bachelor’s degree in chemical engineering from Louisiana State University and an MBA from Harvard University.

About Stanley Black & Decker
Headquartered in the USA, Stanley Black & Decker (NYSE: SWK) is the world’s largest tool company operating nearly 50 manufacturing facilities across America and more than 100 worldwide. Guided by its purpose – for those who make the world – the company’s more than 60,000 diverse and high-performing employees produce innovative, award-winning power tools, hand tools, storage, digital tool solutions, lifestyle products, outdoor products, engineered fasteners and other industrial equipment to support the world’s makers, creators, tradespeople and builders. The company’s iconic brands include DEWALT, BLACK+DECKER, CRAFTSMAN, STANLEY, Cub Cadet, Hustler and Troy-Bilt. Recognized for its leadership in environmental, social and governance (ESG), Stanley Black & Decker strives to be a force for good in support of its communities, employees, customers and other stakeholders. To learn more visit: www.stanleyblackanddecker.com.

Contacts:
Shannon Lapierre
Chief Communications Officer
[email protected]
860-259-7669

Dennis Lange
Vice President, Investor Relations
[email protected]
860-827-3833

SOURCE Stanley Black & Decker

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