Stanley Black & Decker, Inc. (NYSE:SWK) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have been given an average rating of “Hold” by the seven analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $102.29.

Several research firms have commented on SWK. Robert W. Baird dropped their target price on shares of 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. Morgan Stanley cut their price objective on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. The Goldman Sachs Group raised their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Barclays increased their price target on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company lowered their price objective on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $79.07 on Thursday. The firm has a market capitalization of $12.19 billion, a P/E ratio of -57.72, a P/E/G ratio of 2.24 and a beta of 1.23. Stanley Black & Decker has a 52 week low of $77.70 and a 52 week high of $110.88. The stock has a 50 day moving average price of $92.54 and a two-hundred day moving average price of $93.55. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same period in the prior year, the firm posted $1.05 EPS. Stanley Black & Decker’s quarterly revenue was down 5.1% compared to the same quarter last year. Equities analysts forecast that Stanley Black & Decker will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, November 29th were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a yield of 4.15%. Stanley Black & Decker’s dividend payout ratio is -239.42%.

Hedge Funds Weigh In On Stanley Black & Decker

A number of large investors have recently made changes to their positions in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Stanley Black & Decker by 60.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,455 shares of the industrial products company’s stock worth $2,353,000 after purchasing an additional 11,151 shares during the period. State Street Corp boosted its position in shares of Stanley Black & Decker by 6.5% in the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after acquiring an additional 549,531 shares during the period. FMR LLC grew its stake in Stanley Black & Decker by 40.8% during the third quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock valued at $101,663,000 after acquiring an additional 267,723 shares in the last quarter. Geode Capital Management LLC lifted its stake in Stanley Black & Decker by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company’s stock worth $392,882,000 after purchasing an additional 35,100 shares in the last quarter. Finally, New South Capital Management Inc. lifted its stake in Stanley Black & Decker by 7.4% in the 3rd quarter. New South Capital Management Inc. now owns 236,219 shares of the industrial products company’s stock worth $26,015,000 after purchasing an additional 16,229 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

About Stanley Black & Decker

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.