Robert W. Baird Cuts Stanley Black & Decker (NYSE:SWK) Price Target to $102.00

Stanley Black & Decker (NYSE:SWK) had its target price lowered by Robert W. Baird from $104.00 to $102.00 in a report released on Wednesday, Benzinga reports. The firm currently has a neutral rating on the industrial products company’s stock.

Other research analysts have also recently issued research reports about the stock. Barclays upped their target price on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group upped their target price on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Wells Fargo & Company decreased their target price on shares of Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. StockNews.com upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Finally, Morgan Stanley began coverage on shares of Stanley Black & Decker in a report on Friday, September 6th. They issued an “equal weight” rating and a $107.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $102.29.

Stanley Black & Decker Price Performance

SWK opened at $93.38 on Wednesday. The firm has a market cap of $14.40 billion, a price-to-earnings ratio of -68.16, a price-to-earnings-growth ratio of 2.51 and a beta of 1.25. Stanley Black & Decker has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The company’s 50-day moving average price is $103.28 and its 200 day moving average price is $93.79. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. Stanley Black & Decker’s quarterly revenue was down 5.1% on a year-over-year basis. As a group, sell-side analysts expect that Stanley Black & Decker will post 4.12 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -239.42%.

Institutional Trading of Stanley Black & Decker

Several institutional investors and hedge funds have recently added to or reduced their stakes in SWK. HB Wealth Management LLC lifted its stake in Stanley Black & Decker by 67.8% during the first quarter. HB Wealth Management LLC now owns 4,515 shares of the industrial products company’s stock valued at $442,000 after purchasing an additional 1,824 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co lifted its stake in Stanley Black & Decker by 3.7% during the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 16,850 shares of the industrial products company’s stock valued at $1,650,000 after purchasing an additional 600 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Stanley Black & Decker by 6.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,784 shares of the industrial products company’s stock valued at $2,819,000 after purchasing an additional 1,776 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Stanley Black & Decker by 2.6% during the first quarter. Janney Montgomery Scott LLC now owns 207,233 shares of the industrial products company’s stock valued at $20,294,000 after purchasing an additional 5,299 shares during the last quarter. Finally, Allen Wealth Management LLC lifted its position in shares of Stanley Black & Decker by 3.6% in the 1st quarter. Allen Wealth Management LLC now owns 15,067 shares of the industrial products company’s stock valued at $1,476,000 after acquiring an additional 529 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Company Profile

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.