Stanley Black & Decker (NYSE:SWK) Cut to “Sell” at StockNews.com

StockNews.com cut shares of Stanley Black & Decker (NYSE:SWKGet Rating) from a hold rating to a sell rating in a research report released on Monday morning.

Other equities analysts have also recently issued research reports about the stock. Credit Suisse Group started coverage on shares of Stanley Black & Decker in a research report on Tuesday, April 5th. They set an outperform rating and a $165.00 price target on the stock. Morgan Stanley reduced their price target on shares of Stanley Black & Decker from $195.00 to $170.00 and set an overweight rating on the stock in a research report on Thursday, April 7th. Citigroup reduced their price target on shares of Stanley Black & Decker from $145.00 to $110.00 in a research report on Friday. Mizuho cut shares of Stanley Black & Decker from a buy rating to a neutral rating and reduced their price target for the company from $222.00 to $145.00 in a research report on Friday. Finally, TheStreet cut shares of Stanley Black & Decker from a b- rating to a c+ rating in a research report on Wednesday, March 30th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $170.69.

Shares of NYSE:SWK opened at $122.81 on Monday. The company has a market cap of $20.07 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 1.34 and a beta of 1.37. The company has a 50-day moving average price of $145.25 and a 200-day moving average price of $169.42. The company has a current ratio of 0.97, a quick ratio of 0.35 and a debt-to-equity ratio of 0.40. Stanley Black & Decker has a 12 month low of $118.90 and a 12 month high of $225.00.

Stanley Black & Decker (NYSE:SWKGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The industrial products company reported $2.10 EPS for the quarter, beating the consensus estimate of $1.70 by $0.40. The firm had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.62 billion. Stanley Black & Decker had a net margin of 8.07% and a return on equity of 15.43%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.13 earnings per share. As a group, research analysts forecast that Stanley Black & Decker will post 11.03 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 21st. Stockholders of record on Tuesday, June 7th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Monday, June 6th. This represents a $3.16 annualized dividend and a dividend yield of 2.57%. Stanley Black & Decker’s dividend payout ratio is presently 37.53%.

In related news, SVP Stephen Subasic sold 6,611 shares of the stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $155.91, for a total transaction of $1,030,721.01. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Jocelyn Belisle sold 3,244 shares of the stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $157.71, for a total transaction of $511,611.24. The disclosure for this sale can be found here. 0.93% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC raised its position in Stanley Black & Decker by 6.9% in the fourth quarter. Signaturefd LLC now owns 915 shares of the industrial products company’s stock worth $173,000 after acquiring an additional 59 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co raised its position in Stanley Black & Decker by 3.6% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,720 shares of the industrial products company’s stock worth $324,000 after acquiring an additional 60 shares during the period. CX Institutional raised its position in Stanley Black & Decker by 22.3% in the third quarter. CX Institutional now owns 334 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 61 shares during the period. MML Investors Services LLC raised its position in Stanley Black & Decker by 0.6% in the fourth quarter. MML Investors Services LLC now owns 11,229 shares of the industrial products company’s stock worth $2,118,000 after acquiring an additional 62 shares during the period. Finally, Arete Wealth Advisors LLC raised its position in Stanley Black & Decker by 1.8% in the fourth quarter. Arete Wealth Advisors LLC now owns 3,600 shares of the industrial products company’s stock worth $672,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 88.60% of the company’s stock.

About Stanley Black & Decker (Get Rating)

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

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