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

Stanley Black & Decker, Inc. (NYSE:SWK) has earned an average recommendation of “Hold” from the eight brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $101.25.

SWK has been the topic of a number of recent analyst reports. Barclays decreased their price objective on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group boosted their target price on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Robert W. Baird lowered their target price on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company decreased their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Rise Advisors LLC lifted its stake in shares of Stanley Black & Decker by 99.3% during the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 133 shares during the last quarter. Ridgewood Investments LLC purchased a new position in Stanley Black & Decker during the 4th quarter worth $36,000. EverSource Wealth Advisors LLC grew its position in shares of Stanley Black & Decker by 81.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock worth $42,000 after buying an additional 237 shares in the last quarter. Waldron Private Wealth LLC purchased a new position in shares of Stanley Black & Decker during the third quarter valued at $59,000. Finally, Armstrong Advisory Group Inc. purchased a new stake in shares of Stanley Black & Decker in the 3rd quarter worth approximately $72,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Trading Up 0.4 %

Stanley Black & Decker stock opened at $84.34 on Monday. The company has a 50 day moving average of $84.14 and a 200-day moving average of $93.27. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. Stanley Black & Decker has a twelve month low of $77.70 and a twelve month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The firm had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.80 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. Equities analysts predict that Stanley Black & Decker will post 4.13 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, November 29th were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend was Friday, November 29th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -239.42%.

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 Storage segment, and Industrial segment.