Stanley Black & Decker (SWK) – Investment Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Stanley Black & Decker (NYSE: SWK):

  • 7/13/2017 – Stanley Black & Decker was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Over the last three months, shares of Stanley Black & Decker outperformed the Zacks categorized Machine Tools & Related Products industry. In the long term, we believe that it has solid growth potential, backed by its strategy of shifting its business portfolio toward favored growth markets through organic and inorganic means. Year to date, the company has completed acquiring Newell Tools and Craftsman Brand, while divested  Mechanical Security Operations. For 2017, the company increased its earnings forecast to $7.08-$7.28 per share from the previous projection of $6.98-$7.18. However, in the near term, the company is exposed to headwinds like increasing expenses, huge debt level and active competition in all businesses. For 2017, the company expects commodity inflation and forex headwinds to negatively impact earnings by $0.50-$0.55 per share. Over the last 60 days, earnings estimates on the stock remained stable for 2017.”
  • 7/11/2017 – Stanley Black & Decker had its “outperform” rating reaffirmed by analysts at FBR & Co.
  • 7/11/2017 – Stanley Black & Decker is now covered by analysts at Wolfe Research. They set an “outperform” rating and a $160.00 price target on the stock.
  • 7/7/2017 – Stanley Black & Decker is now covered by analysts at MKM Partners. They set a “buy” rating and a $166.00 price target on the stock.
  • 6/28/2017 – Stanley Black & Decker had its price target raised by analysts at Instinet from $145.00 to $150.00. They now have a “buy” rating on the stock.
  • 6/22/2017 – Stanley Black & Decker was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $160.00 price target on the stock. According to Zacks, “Over the last three months, shares of Stanley Black & Decker outperformed the Zacks categorized Machine Tools & Related Products industry. In the long term, we believe that it has solid growth potential, backed by its strategy of shifting its business portfolio toward favored growth markets through organic and inorganic means. In first-quarter 2017, the company's bottom line exceeded the Zacks Consensus Estimate by 8.4% while its revenues exceeded the expectations by 2.3%. For 2017, the company increased its earnings forecast to $7.08-$7.28 per share from the previous projection of $6.98-$7.18. In the last 60 days, earnings estimates on the stock increased for both 2017 and 2018.”
  • 6/21/2017 – Stanley Black & Decker was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Over the last three months, shares of Stanley Black & Decker outperformed the Zacks categorized Machine Tools & Related Products industry. In the long term, we believe that it has solid growth potential, backed by its strategy of shifting its business portfolio toward favored growth markets through organic and inorganic means. For 2017, the company increased its earnings forecast to $7.08-$7.28 per share from the previous projection of $6.98-$7.18. Over the last 60 days, earnings estimates on the stock increased for both 2017 and 2018. However, in the near term, the company is exposed to headwinds like increasing expenses, huge debt level and active competition in all businesses.”
  • 6/16/2017 – Stanley Black & Decker is now covered by analysts at Seaport Global Securities. They set a “buy” rating and a $160.00 price target on the stock.
  • 6/16/2017 – Stanley Black & Decker was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 5/23/2017 – Stanley Black & Decker was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $153.00 price target on the stock. According to Zacks, “Over the last three months, shares of Stanley Black & Decker outperformed the Zacks categorized Machine Tools & Related Products industry. In the long term, we believe that it has solid growth potential, backed by its strategy of shifting its business portfolio toward favored growth markets through organic and inorganic means. In first-quarter 2017, the company's bottom line exceeded the Zacks Consensus Estimate by 8.4% while its revenues exceeded the expectations by 2.3%. For 2017, the company increased its earnings forecast to $7.08-$7.28 per share from the previous projection of $6.98-$7.18. In the last 60 days, earnings estimates on the stock increased for both 2017 and 2018.”
  • 5/19/2017 – Stanley Black & Decker was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Over the last three months, shares of Stanley Black & Decker outperformed the Zacks categorized Machine Tools & Related Products industry. In the long term, we believe that it has solid growth potential, backed by its strategy of shifting its business portfolio toward favored growth markets through organic and inorganic means. In first-quarter 2017, the company's bottom line exceeded the Zacks Consensus Estimate by 8.4% while its revenues exceeded the expectations by 2.3%. For 2017, the company increased its earnings forecast to $7.08-$7.28 per share from the previous projection of $6.98-$7.18. However, in the near term, the company is exposed to headwinds like increasing expenses, huge debt level and active competition in all businesses.”

Stanley Black & Decker, Inc. (SWK) opened at 146.65 on Tuesday. The firm has a market capitalization of $22.43 billion, a PE ratio of 18.73 and a beta of 1.10. The company has a 50-day moving average price of $138.88 and a 200-day moving average price of $129.82. Stanley Black & Decker, Inc. has a 12-month low of $111.89 and a 12-month high of $147.07.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Friday, April 21st. The industrial products company reported $1.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.10. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Stanley Black & Decker had a net margin of 10.13% and a return on equity of 15.47%. Stanley Black & Decker’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.28 EPS. On average, analysts predict that Stanley Black & Decker, Inc. will post $7.23 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Wednesday, June 7th were paid a $0.58 dividend. The ex-dividend date of this dividend was Monday, June 5th. This represents a $2.32 annualized dividend and a yield of 1.58%. Stanley Black & Decker’s payout ratio is currently 29.67%.

In other Stanley Black & Decker news, EVP Jeffrey D. Ansell sold 11,474 shares of Stanley Black & Decker stock in a transaction that occurred on Friday, April 21st. The shares were sold at an average price of $135.61, for a total value of $1,555,989.14. Following the completion of the sale, the executive vice president now directly owns 61,504 shares of the company’s stock, valued at approximately $8,340,557.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jaime A. Ramirez sold 10,440 shares of Stanley Black & Decker stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $139.56, for a total transaction of $1,457,006.40. Following the completion of the sale, the senior vice president now directly owns 41,541 shares of the company’s stock, valued at $5,797,461.96. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by insiders.

Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

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