Stanley Black & Decker, Inc. (NYSE:SWK) Given Average Recommendation of “Hold” by Brokerages

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have earned a consensus rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $101.25.

SWK has been the subject of a number of research analyst reports. Barclays reduced their price target on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. The Goldman Sachs Group upped their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Wells Fargo & Company reduced their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, Morgan Stanley cut their price target on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th.

Hedge Funds Weigh In On Stanley Black & Decker

Several institutional investors have recently added to or reduced their stakes in SWK. Rise Advisors LLC grew its holdings in shares of Stanley Black & Decker by 99.3% during the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 133 shares during the last quarter. Ridgewood Investments LLC bought a new stake in Stanley Black & Decker during the 4th quarter worth about $36,000. EverSource Wealth Advisors LLC raised its stake in shares of Stanley Black & Decker by 81.4% in the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 237 shares during the last quarter. Waldron Private Wealth LLC acquired a new position in shares of Stanley Black & Decker during the third quarter worth approximately $59,000. Finally, Armstrong Advisory Group Inc. bought a new stake in shares of Stanley Black & Decker during the third quarter valued at approximately $72,000. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $80.04 on Monday. Stanley Black & Decker has a 12-month low of $77.70 and a 12-month high of $110.88. The stock has a market capitalization of $12.34 billion, a P/E ratio of -58.42, a P/E/G ratio of 2.24 and a beta of 1.24. The firm’s 50 day moving average is $85.15 and its 200-day moving average is $93.25. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.05 by $0.17. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. Stanley Black & Decker’s revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.05 earnings per share. Equities research analysts anticipate that Stanley Black & Decker will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, November 29th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 4.10%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -239.42%.

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 Storage segment, and Industrial segment.