Stanley Black & Decker, Inc. (NYSE:SWK) Receives Consensus Rating of “Hold” from Analysts

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have been given an average rating of “Hold” by the ten brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $102.20.

Several analysts recently weighed in on SWK shares. Jefferies Financial Group assumed coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They set a “buy” rating and a $103.00 price target on the stock. Wells Fargo & Company lowered their target price on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Barclays cut their price target on shares of Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. UBS Group dropped their target price on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Finally, Citigroup reduced their price target on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday, February 6th.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $62.78 on Friday. Stanley Black & Decker has a 52-week low of $57.77 and a 52-week high of $110.88. The company has a market cap of $9.70 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 1.33 and a beta of 1.25. The firm’s fifty day moving average is $83.50 and its 200 day moving average is $89.24. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. Sell-side analysts forecast that Stanley Black & Decker will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date was Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 169.07%.

Institutional Investors Weigh In On Stanley Black & Decker

Several large investors have recently modified their holdings of the business. Americana Partners LLC increased its holdings in Stanley Black & Decker by 180.5% during the fourth quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company’s stock valued at $9,064,000 after buying an additional 72,637 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of Stanley Black & Decker in the 4th quarter valued at $1,386,000. Avanza Fonder AB purchased a new stake in shares of Stanley Black & Decker during the 4th quarter worth $1,287,000. State Street Corp boosted its position in Stanley Black & Decker by 6.5% during the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after purchasing an additional 549,531 shares in the last quarter. Finally, FMR LLC grew its stake in Stanley Black & Decker by 40.8% in the third quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock valued at $101,663,000 after purchasing an additional 267,723 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

About Stanley Black & Decker

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.