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

Stanley Black & Decker, Inc. (NYSE:SWK) has earned an average rating of “Hold” from the ten research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to 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 recently issued reports on the stock. Robert W. Baird lowered their price objective on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Wells Fargo & Company dropped their price target on Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating for the company in a research note on Friday, May 3rd. Finally, Barclays cut Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $100.00 to $86.00 in a report on Tuesday, June 4th.

Stanley Black & Decker Trading Down 0.4 %

Shares of NYSE:SWK opened at $81.58 on Thursday. The business’s 50 day simple moving average is $86.94 and its 200 day simple moving average is $91.11. The company has a market capitalization of $12.55 billion, a P/E ratio of -118.23, a P/E/G ratio of 2.22 and a beta of 1.29. 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 issued its earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter last year, the business posted ($0.41) EPS. The company’s revenue was down 1.6% compared to the same quarter last year. On average, research analysts anticipate that Stanley Black & Decker will post 4.09 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $3.24 annualized dividend and a dividend yield of 3.97%. Stanley Black & Decker’s payout ratio is -469.56%.

Insider Transactions at Stanley Black & Decker

In related news, SVP Janet Link sold 3,442 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $86.80, for a total transaction of $298,765.60. Following the transaction, the senior vice president now directly owns 32,860 shares of the company’s stock, valued at $2,852,248. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SWK. Foresight Capital Management Advisors Inc. acquired a new position in shares of Stanley Black & Decker during the fourth quarter worth approximately $2,593,000. Vest Financial LLC lifted its stake in shares of Stanley Black & Decker by 44.0% in the fourth quarter. Vest Financial LLC now owns 338,624 shares of the industrial products company’s stock valued at $33,219,000 after buying an additional 103,403 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Stanley Black & Decker during the third quarter valued at about $1,605,000. Manchester Financial Inc. acquired a new stake in shares of Stanley Black & Decker in the 4th quarter worth about $2,067,000. Finally, First Financial Bankshares Inc bought a new position in Stanley Black & Decker in the 4th quarter valued at about $6,161,000. 87.77% of the stock is owned by institutional investors and hedge funds.

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.