Stanley Black & Decker (NYSE:SWK) Shares Gap Up - Time to Buy?

Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $62.67, but opened at $70.50. Stanley Black & Decker shares last traded at $72.73, with a volume of 1,454,249 shares traded.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SWK. JPMorgan Chase & Co. cut their target price on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a research report on Monday, May 5th. Robert W. Baird upped their target price on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 target price for the company. UBS Group cut their target price on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Barclays upgraded shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $69.00 to $90.00 in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $91.10.

Stanley Black & Decker Trading Up 1.0%

The firm's 50-day simple moving average is $67.40 and its 200-day simple moving average is $79.53. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $11.05 billion, a PE ratio of 36.81, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.07. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.73 billion. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. Stanley Black & Decker's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 earnings per share. Equities analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.59%. Stanley Black & Decker's dividend payout ratio is currently 136.10%.

Institutional Trading of Stanley Black & Decker

Institutional investors have recently modified their holdings of the company. Americana Partners LLC raised its stake in Stanley Black & Decker by 180.5% in the fourth quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company's stock worth $9,064,000 after buying an additional 72,637 shares in the last quarter. Avanza Fonder AB bought a new position in Stanley Black & Decker in the fourth quarter worth about $1,287,000. Cascade Investment Advisors Inc. bought a new position in Stanley Black & Decker in the fourth quarter worth about $1,076,000. Fort Washington Investment Advisors Inc. OH raised its stake in Stanley Black & Decker by 7.3% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,594,895 shares of the industrial products company's stock worth $128,054,000 after buying an additional 109,100 shares in the last quarter. Finally, Barclays PLC raised its stake in Stanley Black & Decker by 30.9% in the third quarter. Barclays PLC now owns 427,337 shares of the industrial products company's stock worth $47,061,000 after buying an additional 100,894 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.