Wells Fargo & Company Cuts Stanley Black & Decker (NYSE:SWK) Price Target to $90.00

Stanley Black & Decker (NYSE:SWK) had its price target trimmed by Wells Fargo & Company from $95.00 to $90.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the industrial products company’s stock.

Several other analysts have also issued reports on SWK. Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a research note on Thursday, December 19th. Robert W. Baird decreased their price objective on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. The Goldman Sachs Group upped their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Barclays upped their price objective on Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Finally, StockNews.com cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $102.00.

Stanley Black & Decker Stock Performance

SWK opened at $81.56 on Tuesday. The firm has a market cap of $12.57 billion, a P/E ratio of -59.53, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24. The business’s fifty day moving average is $85.89 and its 200-day moving average is $93.28. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. Stanley Black & Decker has a 52-week low of $77.70 and a 52-week high of $110.88.

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

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a yield of 4.02%. Stanley Black & Decker’s dividend payout ratio is presently -239.42%.

Institutional Investors Weigh In On Stanley Black & Decker

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its stake in Stanley Black & Decker by 4.7% in the third quarter. UMB Bank n.a. now owns 2,118 shares of the industrial products company’s stock worth $233,000 after purchasing an additional 96 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Stanley Black & Decker by 0.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,200 shares of the industrial products company’s stock valued at $1,055,000 after purchasing an additional 100 shares during the last quarter. Castleview Partners LLC raised its stake in Stanley Black & Decker by 3.9% in the 3rd quarter. Castleview Partners LLC now owns 2,772 shares of the industrial products company’s stock worth $305,000 after acquiring an additional 103 shares during the last quarter. Empirical Finance LLC raised its stake in Stanley Black & Decker by 2.1% in the 3rd quarter. Empirical Finance LLC now owns 5,276 shares of the industrial products company’s stock worth $581,000 after acquiring an additional 111 shares during the last quarter. Finally, Advisors Management Group Inc. ADV raised its stake in Stanley Black & Decker by 3.2% in the 3rd quarter. Advisors Management Group Inc. ADV now owns 3,820 shares of the industrial products company’s stock worth $421,000 after acquiring an additional 117 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

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.