Stanley Black & Decker (NYSE:SWK) Shares Cross Above 200-Day Moving Average - Here's What Happened

Key Points

• Stanley Black & Decker shares crossed above their 200-day moving average, reaching $90.58 versus the $86.19 average, before last trading near $90.30.
• Analyst sentiment remains mixed: the stock has an average “Hold” rating and a consensus price target of $93.38, although Citigroup raised its target to $107 and Wall Street Zen upgraded the shares to “strong buy.”
• The company beat quarterly earnings expectations with EPS of $1.57 versus $1.21 expected and increased its quarterly dividend to $0.84 per share, representing a 3.7% yield.

Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $86.19 and traded as high as $90.58. Stanley Black & Decker shares last traded at $90.3010, with a volume of 1,097,590 shares trading hands.

Wall Street Analyst Weigh In

SWK has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of Stanley Black & Decker from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. Wall Street Zen upgraded shares of Stanley Black & Decker from a "buy" rating to a "strong-buy" rating in a report on Sunday, September 6th. Citigroup upped their price target on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Wells Fargo & Company upped their price target on shares of Stanley Black & Decker from $90.00 to $95.00 and gave the stock an "equal weight" rating in a research note on Friday, September 11th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $93.00 price objective on shares of Stanley Black & Decker in a report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $93.38.

Stanley Black & Decker Trading Down 0.5%

The firm has a market capitalization of $13.64 billion, a price-to-earnings ratio of 22.02, a price-to-earnings-growth ratio of 1.35 and a beta of 1.17. The company has a fifty day moving average price of $94.28 and a 200-day moving average price of $86.19. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.53.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.21 by $0.36. The business had revenue of $3.96 billion during the quarter, compared to analysts' expectations of $3.97 billion. Stanley Black & Decker had a return on equity of 8.78% and a net margin of 4.07%. The firm's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.08 EPS. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. On average, equities research analysts predict that Stanley Black & Decker, Inc. will post 5.58 EPS for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were paid 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 was Tuesday, September 8th. This represents a $3.36 annualized dividend and a dividend yield of 3.7%. Stanley Black & Decker's dividend payout ratio (DPR) is currently 81.95%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. boosted its holdings in Stanley Black & Decker by 533.7% during the second quarter. Assenagon Asset Management S.A. now owns 96,322 shares of the industrial products company's stock valued at $9,066,000 after acquiring an additional 81,121 shares during the period. Oak Thistle LLC acquired a new stake in shares of Stanley Black & Decker in the second quarter valued at about $1,440,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Stanley Black & Decker in the first quarter valued at about $47,448,000. Benjamin Edwards Inc. bought a new position in shares of Stanley Black & Decker in the second quarter worth about $1,115,000. Finally, Beacon Pointe Advisors LLC bought a new position in shares of Stanley Black & Decker in the second quarter worth about $1,365,000. Institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc is a global manufacturer of tools, outdoor power equipment and related storage solutions. Its products serve professional tradespeople, industrial customers and consumers across construction, maintenance, automotive, manufacturing and home-improvement markets.

The company's portfolio includes power tools, hand tools, fasteners, tool storage systems and outdoor equipment. Its principal brands include DEWALT, CRAFTSMAN, STANLEY, BLACK+DECKER and Cub Cadet, along with other brands serving professional and consumer applications.

Stanley Black & Decker traces its history to the founding of Stanley in 1843 and the establishment of Black & Decker in 1910.

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