Stanley Black & Decker (NYSE:SWK) Downgraded by Barclays to Equal Weight

Barclays downgraded shares of Stanley Black & Decker (NYSE:SWKFree Report) from an overweight rating to an equal weight rating in a research note released on Tuesday, MarketBeat Ratings reports. The brokerage currently has $86.00 price target on the industrial products company’s stock, down from their previous price target of $100.00.

Several other brokerages have also recently commented on SWK. Wells Fargo & Company decreased their target price on Stanley Black & Decker from $98.00 to $92.00 and set an equal weight rating for the company in a research report on Friday, May 3rd. JPMorgan Chase & Co. lowered their target price on Stanley Black & Decker from $89.00 to $80.00 and set an underweight rating on the stock in a research note on Tuesday, February 6th. Finally, Robert W. Baird reduced their price target on shares of Stanley Black & Decker from $82.00 to $80.00 and set a neutral rating for the company in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Stanley Black & Decker has a consensus rating of Hold and a consensus price target of $95.44.

Read Our Latest Analysis on Stanley Black & Decker

Stanley Black & Decker Stock Down 3.6 %

Shares of Stanley Black & Decker stock opened at $83.02 on Tuesday. Stanley Black & Decker has a 12-month low of $76.26 and a 12-month high of $104.21. The firm has a market capitalization of $12.78 billion, a PE ratio of -120.32, a price-to-earnings-growth ratio of 2.37 and a beta of 1.30. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 0.63. The stock’s fifty day moving average is $90.15 and its 200-day moving average is $91.90.

Stanley Black & Decker (NYSE:SWKGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same period in the prior year, the firm earned ($0.41) earnings per share. The business’s quarterly revenue was down 1.6% on a year-over-year basis. Equities analysts anticipate that Stanley Black & Decker will post 4.09 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.90%. Stanley Black & Decker’s dividend payout ratio is currently -469.56%.

Insider Buying and Selling

In other Stanley Black & Decker news, SVP Janet Link sold 3,442 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $86.80, for a total value of $298,765.60. Following the completion of the sale, the senior vice president now owns 32,860 shares of the company’s stock, valued at $2,852,248. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Stanley Black & Decker

Institutional investors have recently modified their holdings of the company. First United Bank & Trust acquired a new position in shares of Stanley Black & Decker during the 4th quarter worth about $25,000. Quarry LP bought a new stake in shares of Stanley Black & Decker in the fourth quarter valued at approximately $36,000. Principal Securities Inc. acquired a new stake in shares of Stanley Black & Decker in the fourth quarter worth $38,000. Headlands Technologies LLC bought a new position in Stanley Black & Decker during the third quarter worth $44,000. Finally, Parkside Financial Bank & Trust raised its stake in Stanley Black & Decker by 41.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 160 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Company Profile

(Get Free Report)

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.

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