Stanley Black & Decker, Inc. (NYSE:SWK) Receives $95.44 Average PT from Brokerages

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have been assigned an average recommendation of “Hold” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $95.44.

A number of equities analysts have recently weighed in on SWK shares. Wells Fargo & Company dropped their price target on shares of Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating on the stock in a research note on Friday, May 3rd. Barclays downgraded Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $100.00 to $86.00 in a report on Tuesday, June 4th. Finally, Robert W. Baird reduced their target price on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th.

Insider Transactions at Stanley Black & Decker

In related news, SVP Janet Link sold 3,442 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $86.80, for a total transaction of $298,765.60. Following the sale, the senior vice president now owns 32,860 shares of the company’s stock, valued at $2,852,248. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Stanley Black & Decker

Large investors have recently bought and sold shares of the company. M&T Bank Corp boosted its position in shares of Stanley Black & Decker by 0.3% during the 4th quarter. M&T Bank Corp now owns 37,763 shares of the industrial products company’s stock worth $3,705,000 after acquiring an additional 113 shares in the last quarter. Crestwood Advisors Group LLC lifted its stake in Stanley Black & Decker by 0.6% in the 4th quarter. Crestwood Advisors Group LLC now owns 20,885 shares of the industrial products company’s stock valued at $2,049,000 after purchasing an additional 117 shares during the last quarter. Czech National Bank increased its holdings in shares of Stanley Black & Decker by 0.5% during the first quarter. Czech National Bank now owns 26,975 shares of the industrial products company’s stock worth $2,642,000 after buying an additional 124 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Stanley Black & Decker by 39.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 140 shares in the last quarter. Finally, Kinloch Capital LLC increased its holdings in Stanley Black & Decker by 0.4% in the 3rd quarter. Kinloch Capital LLC now owns 37,691 shares of the industrial products company’s stock worth $3,150,000 after purchasing an additional 141 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

Shares of SWK opened at $77.75 on Thursday. The stock has a market cap of $11.96 billion, a PE ratio of -112.68, a price-to-earnings-growth ratio of 2.19 and a beta of 1.25. The firm has a fifty day moving average price of $86.44 and a 200 day moving average price of $90.83. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 0.40. Stanley Black & Decker has a 1-year low of $76.26 and a 1-year high of $104.21.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.83 billion. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company posted ($0.41) earnings per share. As a group, sell-side analysts anticipate that Stanley Black & Decker will post 4.05 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were paid a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 4.17%. The ex-dividend date was Tuesday, June 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is -469.56%.

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.