Stanley Black & Decker, Inc. (NYSE:SWK) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $104.43.

Several research firms recently issued reports on SWK. UBS Group increased their price target on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley began coverage on shares of Stanley Black & Decker in a research report on Friday, September 6th. They set an “equal weight” rating and a $107.00 price target on the stock. Wells Fargo & Company reduced their price target on shares of Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Barclays increased their price target 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. Finally, Robert W. Baird increased their price target on shares of Stanley Black & Decker from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st.

Insider Transactions at Stanley Black & Decker

In other news, SVP Janet Link sold 13,520 shares of Stanley Black & Decker stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the transaction, the senior vice president now owns 31,960 shares in the company, valued at approximately $3,320,963.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Stanley Black & Decker

Hedge funds have recently bought and sold shares of the company. Sei Investments Co. raised its stake in Stanley Black & Decker by 11.0% during the first quarter. Sei Investments Co. now owns 137,385 shares of the industrial products company’s stock worth $13,454,000 after buying an additional 13,659 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Stanley Black & Decker by 60.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,455 shares of the industrial products company’s stock worth $2,353,000 after buying an additional 11,151 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in Stanley Black & Decker by 6.7% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,702 shares of the industrial products company’s stock valued at $460,000 after purchasing an additional 297 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Stanley Black & Decker by 6.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 121,614 shares of the industrial products company’s stock valued at $11,920,000 after purchasing an additional 7,826 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Stanley Black & Decker by 196.9% in the first quarter. Russell Investments Group Ltd. now owns 106,499 shares of the industrial products company’s stock valued at $10,429,000 after purchasing an additional 70,625 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 8.8 %

Shares of SWK opened at $93.89 on Wednesday. Stanley Black & Decker has a 12 month low of $77.70 and a 12 month high of $110.88. The firm’s 50 day moving average is $103.62 and its 200-day moving average is $93.75. The stock has a market capitalization of $14.46 billion, a PE ratio of -48.40, a P/E/G ratio of 2.71 and a beta of 1.24. The company has a current ratio of 1.27, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.84 by $0.25. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.02 billion. During the same period last year, the firm earned ($0.11) earnings per share. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. Equities research analysts forecast that Stanley Black & Decker will post 4.18 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.49%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -169.07%.

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.