Stanley Black & Decker (NYSE:SWK) Price Target Cut to $86.00 by Analysts at Barclays

Stanley Black & Decker (NYSE:SWK) had its target price lowered by Barclays from $94.00 to $86.00 in a report issued on Wednesday morning,Benzinga reports. Barclays currently has an equal weight rating on the industrial products company’s stock.

Other equities analysts have also issued reports about the stock. Citigroup dropped their price objective on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Wells Fargo & Company cut 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 research report on Tuesday, January 7th. UBS Group lowered their target price on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target for the company in a research note on Thursday, December 19th. Finally, Jefferies Financial Group started coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They set a “buy” rating and a $103.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $102.20.

Stanley Black & Decker Trading Down 2.5 %

Shares of NYSE:SWK opened at $78.44 on Wednesday. The company has a 50-day simple moving average of $85.31 and a 200 day simple moving average of $90.42. The company has a market capitalization of $12.12 billion, a P/E ratio of 40.43, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. Stanley Black & Decker has a 52-week low of $77.35 and a 52-week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Sell-side analysts forecast that Stanley Black & Decker will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors 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 4.18%. The ex-dividend date of this dividend was Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 169.07%.

Hedge Funds Weigh In On Stanley Black & Decker

Several hedge funds have recently bought and sold shares of SWK. Wellington Management Group LLP increased its stake in Stanley Black & Decker by 14.0% in the fourth quarter. Wellington Management Group LLP now owns 9,673 shares of the industrial products company’s stock valued at $777,000 after acquiring an additional 1,188 shares during the last quarter. 111 Capital bought a new position in shares of Stanley Black & Decker in the 4th quarter valued at $313,000. Siemens Fonds Invest GmbH raised its holdings in shares of Stanley Black & Decker by 21.9% during the 4th quarter. Siemens Fonds Invest GmbH now owns 3,819 shares of the industrial products company’s stock worth $307,000 after buying an additional 687 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Stanley Black & Decker in the fourth quarter valued at about $10,551,000. Finally, Jefferies Financial Group Inc. bought a new position in Stanley Black & Decker in the fourth quarter valued at about $215,000. 87.77% of the stock is owned by institutional investors.

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.