Stanley Black & Decker (NYSE:SWK) Earns Buy Rating from Analysts at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of Stanley Black & Decker (NYSE:SWK) in a research report sent to investors on Wednesday, Marketbeat Ratings reports. The firm issued a buy rating and a $103.00 price objective on the industrial products company’s stock.

A number of other analysts also recently issued reports on the stock. UBS Group cut their price objective on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 7th. Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research note on Thursday, December 19th. Robert W. Baird decreased 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. StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company lowered their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and a consensus target price of $103.00.

Stanley Black & Decker Stock Performance

SWK opened at $87.95 on Wednesday. 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 stock has a market cap of $13.58 billion, a price-to-earnings ratio of 45.34, a PEG ratio of 1.32 and a beta of 1.24. Stanley Black & Decker has a 12-month low of $77.70 and a 12-month high of $110.88. The business has a 50 day moving average of $84.23 and a 200-day moving average of $92.89.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. On average, equities research analysts expect that Stanley Black & Decker will post 5.12 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.82 per share. The ex-dividend date is Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a yield of 3.73%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 169.07%.

Hedge Funds Weigh In On Stanley Black & Decker

Large investors have recently bought and sold shares of the stock. Ridgewood Investments LLC bought a new stake in Stanley Black & Decker in the 4th quarter worth about $36,000. Cape Investment Advisory Inc. grew its position in Stanley Black & Decker by 107.2% during the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock valued at $37,000 after buying an additional 237 shares during the period. Millstone Evans Group LLC bought a new stake in Stanley Black & Decker in the fourth quarter worth about $40,000. SRS Capital Advisors Inc. grew its position in shares of Stanley Black & Decker by 61.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 199 shares during the period. Finally, Montag A & Associates Inc. purchased a new position in Stanley Black & Decker in the fourth quarter valued at approximately $44,000. 87.77% of the stock is currently owned by 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 Storage segment, and Industrial segment.