Stanley Black & Decker (NYSE:SWK) Price Target Raised to $65.00

Stanley Black & Decker (NYSE:SWK) had its target price lifted by Robert W. Baird from $60.00 to $65.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the industrial products company’s stock.

SWK has been the topic of a number of other reports. Wells Fargo & Company lowered their target price on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. UBS Group lowered their price target on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Citigroup lowered their price objective on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Barclays dropped their target price on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. Finally, Jefferies Financial Group started coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 target price on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and an average price target of $95.50.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK opened at $61.43 on Thursday. The company has a 50 day moving average of $71.19 and a 200 day moving average of $81.92. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. The stock has a market cap of $9.49 billion, a P/E ratio of 31.67, a P/E/G ratio of 1.33 and a beta of 1.14. Stanley Black & Decker has a 12 month low of $53.91 and a 12 month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same period in the previous year, the business earned $0.56 EPS. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, sell-side analysts forecast that Stanley Black & Decker will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 5.34%. The ex-dividend date of this dividend is Tuesday, June 3rd. Stanley Black & Decker’s payout ratio is currently 136.10%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in shares of Stanley Black & Decker by 173.3% in the 1st quarter. Victory Capital Management Inc. now owns 241,493 shares of the industrial products company’s stock worth $18,566,000 after purchasing an additional 153,147 shares during the period. Larson Financial Group LLC increased its holdings in Stanley Black & Decker by 14.5% during the first quarter. Larson Financial Group LLC now owns 5,761 shares of the industrial products company’s stock valued at $443,000 after buying an additional 728 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Stanley Black & Decker by 0.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,119,211 shares of the industrial products company’s stock worth $239,805,000 after acquiring an additional 20,742 shares during the period. CWM LLC boosted its stake in shares of Stanley Black & Decker by 1.7% during the 1st quarter. CWM LLC now owns 22,499 shares of the industrial products company’s stock worth $1,730,000 after acquiring an additional 368 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of Stanley Black & Decker by 3.3% in the 1st quarter. New York State Common Retirement Fund now owns 93,163 shares of the industrial products company’s stock worth $7,162,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

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.