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

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) 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 trading hands. The stock had previously closed at $80.47.

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

Hedge Funds Weigh In On Stanley Black & Decker

Several institutional investors have recently added to or reduced their stakes in SWK. Vanguard Group Inc. increased its holdings in shares of 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 purchasing an additional 495,103 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Stanley Black & Decker by 1.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,413,913 shares of the industrial products company’s stock worth $1,478,454,000 after acquiring an additional 246,800 shares during the period. State Street Corp grew its stake in shares of 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 worth $998,107,000 after purchasing an additional 549,531 shares during the period. Capital Research Global Investors lifted its stake in shares of Stanley Black & Decker by 126.5% in the fourth quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company’s stock valued at $440,424,000 after purchasing an additional 3,063,114 shares during the period. Finally, Invesco Ltd. grew its position in Stanley Black & Decker by 22.6% during the fourth quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company’s stock worth $332,336,000 after buying an additional 763,219 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

The stock’s 50-day moving average price is $85.41 and its 200-day moving average price is $90.51. The company has a market capitalization of $12.08 billion, a price-to-earnings ratio of 40.31, a P/E/G ratio of 1.33 and a beta of 1.25. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (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 research analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced 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. This represents a $3.28 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend was Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 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.