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

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $101.25.

Several analysts have recently weighed in on SWK shares. The Goldman Sachs Group increased their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Robert W. Baird cut their target price on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target on the stock in a research note on Thursday, December 19th. Barclays cut their price objective on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Finally, StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th.

Institutional Trading of Stanley Black & Decker

Several institutional investors and hedge funds have recently added to or reduced their stakes in SWK. Rise Advisors LLC lifted its stake 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 worth $29,000 after acquiring an additional 133 shares during the period. Ridgewood Investments LLC purchased a new stake in Stanley Black & Decker in the 4th quarter valued at approximately $36,000. EverSource Wealth Advisors LLC increased its position in Stanley Black & Decker by 81.4% during 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. Waldron Private Wealth LLC purchased a new position in shares of Stanley Black & Decker during the 3rd quarter worth approximately $59,000. Finally, Armstrong Advisory Group Inc. purchased a new stake in shares of Stanley Black & Decker in the third quarter valued at approximately $72,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Up 0.4 %

Shares of SWK opened at $84.34 on Monday. The stock has a 50 day moving average price of $84.26 and a 200 day moving average price of $93.13. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. The stock has a market capitalization of $13.00 billion, a price-to-earnings ratio of -61.56, a PEG ratio of 1.69 and a beta of 1.24. Stanley Black & Decker has a one year low of $77.70 and a one year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results 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. The business had revenue of $3.75 billion during 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 company’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.05 earnings per share. Equities research analysts forecast that Stanley Black & Decker will post 4.13 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th were issued 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 dividend yield of 3.89%. Stanley Black & Decker’s payout ratio is -239.42%.

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.