Stanley Black & Decker (NYSE:SWK) Reaches New 52-Week Low – Here’s Why

Stanley Black & Decker, Inc. (NYSE:SWK) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $74.31 and last traded at $76.94, with a volume of 1776888 shares trading hands. The stock had previously closed at $76.43.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Jefferies Financial Group assumed coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They set a “buy” rating and a $103.00 price target on the stock. UBS Group cut their target price on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Barclays decreased their price target on shares of Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 26th. Wells Fargo & Company reduced their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Stanley Black & Decker presently has a consensus rating of “Hold” and an average price target of $102.20.

Stanley Black & Decker Stock Performance

The stock has a market cap of $11.89 billion, a P/E ratio of 39.66, a PEG 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 company’s 50-day simple moving average is $84.88 and its 200 day simple moving average is $89.95.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. As a group, sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 4.26%. 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

Several large investors have recently modified their holdings of the stock. Ridgewood Investments LLC purchased a new stake in Stanley Black & Decker in the fourth quarter worth $36,000. Cape Investment Advisory Inc. increased its holdings in Stanley Black & Decker by 107.2% in 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 last quarter. Millstone Evans Group LLC bought a new stake in Stanley Black & Decker in the 4th quarter valued at about $40,000. SRS Capital Advisors Inc. lifted its holdings in Stanley Black & Decker by 61.8% during the fourth 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 last quarter. Finally, Montag A & Associates Inc. bought a new position in Stanley Black & Decker during the fourth quarter worth about $44,000. Hedge funds and other institutional investors 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.