Stanley Black & Decker (NYSE:SWK) Hits New 52-Week High – Still a Buy?

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) reached 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. The stock had previously closed at $103.89.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SWK. The Goldman Sachs Group reiterated a “neutral” rating and set a $93.00 price objective on shares of Stanley Black & Decker in a research report on Wednesday, July 29th. Weiss Ratings raised shares of Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a research note 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 Saturday, August 1st. JPMorgan Chase & Co. boosted their price target on shares of Stanley Black & Decker from $65.00 to $75.00 and gave the stock an “underweight” rating in a research note on Friday, May 1st. Finally, Morgan Stanley set a $96.00 price objective on Stanley Black & Decker in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Stanley Black & Decker currently has an average rating of “Hold” and an average price target of $91.56.

Stanley Black & Decker Stock Up 1.3%

The business’s 50 day simple moving average is $89.78 and its 200 day simple moving average is $82.11. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $15.70 billion, a PE ratio of 25.35, a PEG ratio of 1.40 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.36. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. The company had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the business posted $1.08 EPS. The firm’s revenue for the quarter was up .4% on a year-over-year basis. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. On average, equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.48 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 3.2%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Tuesday, September 8th. Stanley Black & Decker’s payout ratio is presently 80.98%.

Institutional Trading of Stanley Black & Decker

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cardinal Point Capital Management ULC raised its stake 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 valued at $357,000 after buying an additional 125 shares in the last quarter. Crossmark Global Holdings Inc. grew 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 acquiring an additional 126 shares in the last quarter. Boothbay Fund Management LLC increased its holdings 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 valued at $258,000 after acquiring an additional 132 shares during the last quarter. Bessemer Group Inc. raised its position in shares of 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 shares of Stanley Black & Decker by 19.9% during the 1st quarter. Assetmark Inc. now owns 880 shares of the industrial products company’s stock valued at $63,000 after acquiring an additional 146 shares in the last quarter. 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.