Stanley Black & Decker (NYSE:SWK) Reaches New 52-Week High - Here's Why

Key Points

• Stanley Black & Decker shares reached a new 52-week high of $104.40, despite the analyst consensus remaining “Hold” with an average price target of $90.22.
• The company reported quarterly EPS of $1.57, beating expectations of $1.21, while revenue of $3.96 billion was roughly in line with forecasts and up 0.4% year over year.
• Stanley Black & Decker increased its quarterly dividend to $0.84 per share, representing a $3.36 annual payout and a 3.3% yield; institutional investors own 87.77% of the stock.

Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report)'s stock price hit a new 52-week high on Monday . The stock traded as high as $104.40 and last traded at $102.4070, with a volume of 2958142 shares changing hands. The stock had previously closed at $103.89.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Stanley Black & Decker from $80.00 to $90.00 and gave the company an "equal weight" rating in a research note on Thursday, June 18th. Morgan Stanley cut their price target on shares of Stanley Black & Decker from $87.00 to $84.00 and set an "equal weight" rating on the stock in a report on Thursday, May 28th. JPMorgan Chase & Co. boosted their price objective on shares of Stanley Black & Decker from $65.00 to $75.00 and gave the stock an "underweight" rating in a report on Friday, May 1st. The Goldman Sachs Group reiterated a "neutral" rating and set a $93.00 target price on shares of Stanley Black & Decker in a research note on Wednesday, July 29th. Finally, Wall Street Zen upgraded Stanley Black & Decker from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 1st. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Stanley Black & Decker currently has an average rating of "Hold" and an average target price of $90.22.

Stanley Black & Decker Stock Performance

The firm has a market cap of $15.36 billion, a P/E ratio of 24.81, a P/E/G ratio of 1.42 and a beta of 1.16. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.43. The business's 50-day simple moving average is $88.80 and its 200 day simple moving average is $81.82.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.36. Stanley Black & Decker had a return on equity of 8.78% and a net margin of 4.07%.The firm had revenue of $3.96 billion for the quarter, compared to analysts' expectations of $3.97 billion. During the same period in the prior year, the firm earned $1.08 EPS. The company's revenue 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. As a group, equities analysts predict that Stanley Black & Decker, Inc. will post 5.48 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be given a $0.84 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.83. This represents a $3.36 annualized dividend and a yield of 3.3%. Stanley Black & Decker's payout ratio is 81.95%.

Institutional Investors Weigh In On Stanley Black & Decker

Several hedge funds and other institutional investors have recently made changes to their positions in SWK. Cardinal Point Capital Management ULC boosted its position in Stanley Black & Decker by 2.7% during the fourth quarter. Cardinal Point Capital Management ULC now owns 4,800 shares of the industrial products company's stock worth $357,000 after purchasing an additional 125 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of Stanley Black & Decker by 2.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 4,606 shares of the industrial products company's stock worth $342,000 after buying an additional 126 shares in the last quarter. Boothbay Fund Management LLC boosted its position in shares of Stanley Black & Decker by 4.0% in the 4th quarter. Boothbay Fund Management LLC now owns 3,471 shares of the industrial products company's stock worth $258,000 after buying an additional 132 shares in the last quarter. Bessemer Group Inc. increased its holdings in Stanley Black & Decker by 1.5% during the 1st quarter. Bessemer Group Inc. now owns 9,223 shares of the industrial products company's stock valued at $654,000 after acquiring an additional 134 shares in the last quarter. Finally, Assetmark Inc. raised its position in Stanley Black & Decker by 19.9% during the first quarter. Assetmark Inc. now owns 880 shares of the industrial products company's stock worth $63,000 after acquiring an additional 146 shares during the last quarter. Hedge funds and other institutional investors 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.

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