Barclays Has Lowered Expectations for Stanley Black & Decker (NYSE:SWK) Stock Price

Stanley Black & Decker (NYSE:SWK) had its price target reduced by Barclays from $94.00 to $86.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have an equal weight rating on the industrial products company’s stock.

Several other analysts also recently weighed in on SWK. Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a research note on Thursday, December 19th. Jefferies Financial Group began coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 target price for the company. Citigroup dropped their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company decreased their target price 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. Finally, UBS Group dropped their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $102.20.

Stanley Black & Decker Trading Down 1.6 %

Shares of NYSE SWK opened at $76.46 on Wednesday. Stanley Black & Decker has a 12-month low of $76.25 and a 12-month high of $110.88. The company has a market cap of $11.82 billion, a price-to-earnings ratio of 39.41, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. The stock’s 50 day simple moving average is $85.03 and its 200 day simple moving average is $90.20.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) 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%. Equities research analysts expect that Stanley Black & Decker will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend was Tuesday, March 4th. Stanley Black & Decker’s payout ratio is 169.07%.

Institutional Investors Weigh In On Stanley Black & Decker

A number of large investors have recently made changes to their positions in SWK. Ridgewood Investments LLC purchased a new position in Stanley Black & Decker during the 4th quarter worth approximately $36,000. Cape Investment Advisory Inc. boosted its position in Stanley Black & Decker by 107.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 237 shares during the period. Millstone Evans Group LLC purchased a new position in Stanley Black & Decker during the 4th quarter valued at about $40,000. SRS Capital Advisors Inc. increased its holdings in shares of Stanley Black & Decker by 61.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 199 shares during the period. Finally, Montag A & Associates Inc. purchased a new stake in shares of Stanley Black & Decker in the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

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 Outdoor and Industrial segments.