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

Stanley Black & Decker, Inc. (NYSE:SWK) has earned an average recommendation of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $91.10.

A number of research firms have recently weighed in on SWK. Robert W. Baird lifted their target price on Stanley Black & Decker from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st. Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They set a “buy” rating and a $103.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on shares of Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating on the stock in a report on Monday, May 5th. Citigroup dropped their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, UBS Group reduced their price target on shares of Stanley Black & Decker from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, May 13th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Barclays PLC increased its holdings in Stanley Black & Decker by 30.9% in the 3rd quarter. Barclays PLC now owns 427,337 shares of the industrial products company’s stock worth $47,061,000 after purchasing an additional 100,894 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Stanley Black & Decker in the fourth quarter valued at approximately $5,143,000. Avanza Fonder AB bought a new position in Stanley Black & Decker in the 4th quarter valued at approximately $1,287,000. Merit Financial Group LLC bought a new position in shares of Stanley Black & Decker during the fourth quarter valued at $320,000. Finally, Arkadios Wealth Advisors boosted its stake in shares of Stanley Black & Decker by 26.3% in the 4th quarter. Arkadios Wealth Advisors now owns 5,315 shares of the industrial products company’s stock valued at $427,000 after purchasing an additional 1,107 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $71.42 on Friday. Stanley Black & Decker has a 52 week low of $53.91 and a 52 week high of $110.88. The company has a market capitalization of $11.05 billion, a price-to-earnings ratio of 36.81, a PEG ratio of 1.33 and a beta of 1.19. The company has a 50-day simple moving average of $67.40 and a 200 day simple moving average of $79.43. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. The company had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.56 earnings per share. On average, sell-side analysts predict that Stanley Black & Decker will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend is Tuesday, June 3rd. Stanley Black & Decker’s payout ratio is 136.10%.

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.