Shares of Stanley Black & Decker, Inc. (NYSE:SWK – Get Free Report) 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.
Check Out Our Latest Report on SWK
Insider Transactions at Stanley Black & Decker
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 – Get Free Report) 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.
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