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

Stanley Black & Decker, Inc. (NYSE:SWK) has earned a consensus rating of “Hold” from the ten research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $102.20.

Several research analysts have commented on the company. Citigroup cut their target price on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company reduced their target price on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. UBS Group reduced their price target 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 raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Thursday, December 19th. Finally, Jefferies Financial Group initiated coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price target for the company.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Thrivent Financial for Lutherans lifted its stake in shares of Stanley Black & Decker by 29.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 8,424 shares of the industrial products company’s stock valued at $927,000 after purchasing an additional 1,933 shares during the last quarter. Pathstone Holdings LLC increased its position in Stanley Black & Decker by 4.6% during the third quarter. Pathstone Holdings LLC now owns 12,821 shares of the industrial products company’s stock valued at $1,412,000 after acquiring an additional 560 shares during the last quarter. Cerity Partners LLC raised its stake in shares of Stanley Black & Decker by 106.3% in the third quarter. Cerity Partners LLC now owns 34,463 shares of the industrial products company’s stock valued at $3,795,000 after acquiring an additional 17,756 shares during the period. Bank of Montreal Can boosted its stake in shares of Stanley Black & Decker by 64.3% during the 3rd quarter. Bank of Montreal Can now owns 298,266 shares of the industrial products company’s stock worth $32,726,000 after purchasing an additional 116,754 shares during the period. Finally, Dai ichi Life Insurance Company Ltd bought a new position in Stanley Black & Decker during the 3rd quarter valued at about $617,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $76.46 on Friday. The stock’s fifty day moving average price is $85.03 and its two-hundred day moving average price is $90.20. Stanley Black & Decker has a 1 year low of $76.25 and a 1 year high of $110.88. The firm has a market cap of $11.82 billion, a PE ratio of 39.41, a PEG ratio of 1.33 and a beta of 1.25. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping 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%. On average, equities research analysts forecast that Stanley Black & Decker will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.82 per share. The ex-dividend date was Tuesday, March 4th. This represents a $3.28 annualized dividend and a yield of 4.29%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 169.07%.

About Stanley Black & Decker

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.