Stanley Black & Decker, Inc. (NYSE:SWK) Receives $104.43 Average Price Target from Analysts

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have received an average rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $102.29.

A number of research firms have recently commented on SWK. Robert W. Baird cut their price target on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Morgan Stanley lowered their price objective on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. Barclays upped their price objective on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. UBS Group upped their price objective on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday.

Stanley Black & Decker Trading Up 2.4 %

SWK stock opened at $96.69 on Wednesday. The firm’s fifty day simple moving average is $103.08 and its two-hundred day simple moving average is $93.91. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $14.91 billion, a price-to-earnings ratio of -70.58, a price-to-earnings-growth ratio of 2.52 and a beta of 1.25. Stanley Black & Decker has a twelve month low of $77.70 and a twelve month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. The firm had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 earnings per share. As a group, analysts anticipate that Stanley Black & Decker will post 4.12 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker’s payout ratio is -239.42%.

Institutional Trading of Stanley Black & Decker

Hedge funds have recently modified their holdings of the company. Rise Advisors LLC raised its position in shares of Stanley Black & Decker by 99.3% in the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 133 shares during the last quarter. AlphaMark Advisors LLC purchased a new position in shares of Stanley Black & Decker in the 2nd quarter valued at approximately $32,000. EverSource Wealth Advisors LLC raised its position in shares of Stanley Black & Decker by 81.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 237 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of Stanley Black & Decker in the 2nd quarter valued at approximately $56,000. Finally, Waldron Private Wealth LLC purchased a new position in shares of Stanley Black & Decker in the 3rd quarter valued at approximately $59,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.