Stanley Black & Decker (NYSE:SWK) Price Target Lowered to $94.00 at Barclays

Stanley Black & Decker (NYSE:SWK) had its price objective decreased by Barclays from $100.00 to $94.00 in a research report released on Wednesday morning,Benzinga reports. Barclays currently has an equal weight rating on the industrial products company’s stock.

Other research analysts have also issued reports about the company. Robert W. Baird cut their target price on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. StockNews.com lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. 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 report on Thursday, December 19th. Wells Fargo & Company cut their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, Morgan Stanley cut their price objective on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and an average target price of $101.25.

Stanley Black & Decker Price Performance

SWK stock opened at $81.54 on Wednesday. Stanley Black & Decker has a 52-week low of $77.70 and a 52-week high of $110.88. The stock’s fifty day simple moving average is $85.64 and its 200-day simple moving average is $93.20. 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 $12.57 billion, a price-to-earnings ratio of -59.52, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24.

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

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, November 29th were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a yield of 4.02%. Stanley Black & Decker’s dividend payout ratio (DPR) is -239.42%.

Hedge Funds Weigh In On Stanley Black & Decker

Hedge funds have recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Stanley Black & Decker by 60.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,455 shares of the industrial products company’s stock valued at $2,353,000 after acquiring an additional 11,151 shares during the period. State Street Corp boosted its stake in Stanley Black & Decker by 6.5% in 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 acquiring an additional 549,531 shares during the period. FMR LLC boosted 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 acquiring an additional 267,723 shares during the period. Geode Capital Management LLC boosted its stake in Stanley Black & Decker by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company’s stock valued at $392,882,000 after acquiring an additional 35,100 shares during the period. Finally, New South Capital Management Inc. raised its holdings in shares of Stanley Black & Decker by 7.4% during the third quarter. New South Capital Management Inc. now owns 236,219 shares of the industrial products company’s stock valued at $26,015,000 after buying an additional 16,229 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

About Stanley Black & Decker

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.