Stanley Black & Decker (NYSE:SWK) Sets New 1-Year Low After Analyst Downgrade

Stanley Black & Decker, Inc. (NYSE:SWK)’s share price reached a new 52-week low during trading on Wednesday after Barclays lowered their price target on the stock from $94.00 to $86.00. Barclays currently has an equal weight rating on the stock. Stanley Black & Decker traded as low as $77.35 and last traded at $78.34, with a volume of 735268 shares. The stock had previously closed at $80.47.

A number of other equities analysts have also recently commented on SWK. UBS Group lowered their price target on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 7th. Citigroup reduced their price target on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Thursday, December 19th. Wells Fargo & Company cut their target price on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They set a “buy” rating and a $103.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and a consensus price target of $102.20.

Institutional Trading of Stanley Black & Decker

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Stanley Black & Decker by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company’s stock valued at $1,540,445,000 after acquiring an additional 495,103 shares during the period. Price T Rowe Associates Inc. MD grew its position in Stanley Black & Decker by 1.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,413,913 shares of the industrial products company’s stock valued at $1,478,454,000 after purchasing an additional 246,800 shares during the period. State Street Corp increased its stake in Stanley Black & Decker by 6.5% during the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after purchasing an additional 549,531 shares in the last quarter. Capital Research Global Investors raised its holdings in Stanley Black & Decker by 126.5% during the fourth quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company’s stock worth $440,424,000 after buying an additional 3,063,114 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Stanley Black & Decker by 22.6% in the 4th quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company’s stock worth $332,336,000 after acquiring an additional 763,219 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Performance

The firm has a market cap of $12.12 billion, a P/E ratio of 40.43, a PEG ratio of 1.33 and a beta of 1.25. The company’s 50-day moving average is $85.31 and its two-hundred day moving average is $90.42. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. As a group, equities analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 annualized dividend and a yield of 4.18%. Stanley Black & Decker’s payout ratio is currently 169.07%.

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.