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

Shares of Stanley Black & Decker, Inc. (NYSE:SWK – Get Rating) have earned a consensus rating of “Hold” from the fifteen analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $95.33.

SWK has been the topic of a number of research analyst reports. Morgan Stanley cut their price objective on shares of Stanley Black & Decker from $97.00 to $92.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 19th. Barclays lifted their target price on shares of Stanley Black & Decker from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Sunday, February 5th. StockNews.com began coverage on shares of Stanley Black & Decker in a report on Thursday, May 18th. They issued a “sell” rating on the stock. Longbow Research cut shares of Stanley Black & Decker from a “buy” rating to a “neutral” rating in a report on Friday, February 3rd. Finally, Citigroup raised shares of Stanley Black & Decker from a “sell” rating to a “neutral” rating and lifted their target price for the company from $69.00 to $106.00 in a report on Friday, February 3rd. They noted that the move was a valuation call.

Insiders Place Their Bets

In other Stanley Black & Decker news, SVP Janet Link sold 2,581 shares of the business’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $85.73, for a total transaction of $221,269.13. Following the sale, the senior vice president now directly owns 36,352 shares in the company, valued at approximately $3,116,456.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Toroso Investments LLC raised its stake in Stanley Black & Decker by 15.1% in the 1st quarter. Toroso Investments LLC now owns 10,587 shares of the industrial products company’s stock valued at $853,000 after purchasing an additional 1,392 shares during the last quarter. Arete Wealth Advisors LLC acquired a new position in Stanley Black & Decker in the 1st quarter valued at about $287,000. Ameriprise Financial Inc. raised its stake in Stanley Black & Decker by 20.6% in the 1st quarter. Ameriprise Financial Inc. now owns 2,702,996 shares of the industrial products company’s stock valued at $217,801,000 after purchasing an additional 461,181 shares during the last quarter. Guardian Wealth Advisors LLC raised its stake in Stanley Black & Decker by 12.3% in the 1st quarter. Guardian Wealth Advisors LLC now owns 3,879 shares of the industrial products company’s stock valued at $313,000 after purchasing an additional 426 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in Stanley Black & Decker by 25.5% in the 1st quarter. Rockefeller Capital Management L.P. now owns 103,589 shares of the industrial products company’s stock valued at $8,347,000 after purchasing an additional 21,039 shares during the last quarter. Institutional investors and hedge funds own 88.01% of the company’s stock.

Stanley Black & Decker Stock Down 0.5 %

SWK stock opened at $81.33 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 0.40 and a debt-to-equity ratio of 0.64. Stanley Black & Decker has a twelve month low of $70.24 and a twelve month high of $122.00. The company’s 50 day moving average is $79.85 and its two-hundred day moving average is $81.73. The stock has a market cap of $12.45 billion, a P/E ratio of 18.19, a PEG ratio of 9.87 and a beta of 1.30.

Stanley Black & Decker (NYSE:SWK – Get Rating) last released its quarterly earnings data on Thursday, May 4th. The industrial products company reported ($0.41) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.73) by $0.32. Stanley Black & Decker had a net margin of 4.22% and a return on equity of 3.45%. The company had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter last year, the company earned $2.10 earnings per share. The firm’s revenue for the quarter was down 11.6% on a year-over-year basis. Research analysts expect that Stanley Black & Decker will post 0.92 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Monday, June 5th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, June 2nd. This represents a $3.20 annualized dividend and a dividend yield of 3.93%. Stanley Black & Decker’s payout ratio is currently 71.59%.

Stanley Black & Decker Company Profile

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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.