Wells Fargo & Company Issues Pessimistic Forecast for Stanley Black & Decker (NYSE:SWK) Stock Price

Stanley Black & Decker (NYSE:SWK) had its price target reduced by Wells Fargo & Company from $104.00 to $100.00 in a research note released on Wednesday, Benzinga reports. They currently have an equal weight rating on the industrial products company’s stock.

A number of other equities research analysts also recently issued reports on SWK. Morgan Stanley initiated coverage on Stanley Black & Decker in a research report on Friday, September 6th. They issued an “equal weight” rating and a $107.00 price objective on the stock. StockNews.com raised Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Monday, October 28th. 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 report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their target price on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research report on Monday, August 5th. Finally, The Goldman Sachs Group boosted their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $102.29.

Stanley Black & Decker Trading Up 0.5 %

Shares of NYSE SWK opened at $93.38 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. Stanley Black & Decker has a 52 week low of $77.70 and a 52 week high of $110.88. The business has a 50-day simple moving average of $103.28 and a two-hundred day simple moving average of $93.77.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The company had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same period last year, the business earned $1.05 earnings per share. Stanley Black & Decker’s revenue was down 5.1% compared to the same quarter last year. On average, equities analysts predict that Stanley Black & Decker will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.51%. Stanley Black & Decker’s payout ratio is -239.42%.

Hedge Funds Weigh In On Stanley Black & Decker

A number of large investors have recently added to or reduced their stakes in the business. Rise Advisors LLC grew its stake in shares of Stanley Black & Decker by 99.3% during the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after buying an additional 133 shares during the last quarter. AlphaMark Advisors LLC bought a new position in Stanley Black & Decker during the 2nd quarter worth approximately $32,000. EverSource Wealth Advisors LLC increased its stake in 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 worth $42,000 after purchasing an additional 237 shares during the period. Summit Securities Group LLC bought a new stake in Stanley Black & Decker in the second quarter valued at approximately $56,000. Finally, Waldron Private Wealth LLC purchased a new stake in shares of Stanley Black & Decker during the third quarter valued at approximately $59,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

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.