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

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have earned a consensus rating of “Hold” from the ten brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $92.10.

Several analysts recently issued reports on SWK shares. Wells Fargo & Company upped their price target on shares of Stanley Black & Decker from $60.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, July 1st. Robert W. Baird upped their price target on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday, May 1st. JPMorgan Chase & Co. cut their price target 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. UBS Group cut 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 report on Tuesday, May 13th. Finally, Barclays raised shares of Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $69.00 to $90.00 in a report on Tuesday, May 13th.

Stanley Black & Decker Trading Down 0.6%

Shares of SWK stock opened at $71.17 on Monday. The stock has a market cap of $11.01 billion, a price-to-earnings ratio of 29.53, a price-to-earnings-growth ratio of 1.36 and a beta of 1.18. The company has a quick ratio of 0.36, a current ratio of 1.10 and a debt-to-equity ratio of 0.54. Stanley Black & Decker has a fifty-two week low of $53.91 and a fifty-two week high of $110.88. The firm’s 50 day moving average price is $66.17 and its two-hundred day moving average price is $74.36.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. Stanley Black & Decker had a net margin of 2.40% and a return on equity of 7.85%. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the previous year, the company posted $0.56 earnings per share. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, analysts anticipate that Stanley Black & Decker will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $3.28 annualized dividend and a yield of 4.61%. Stanley Black & Decker’s payout ratio is 136.10%.

Hedge Funds Weigh In On Stanley Black & Decker

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Stanley Black & Decker by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company’s stock worth $1,540,445,000 after acquiring an additional 495,103 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Stanley Black & Decker by 1.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,413,913 shares of the industrial products company’s stock worth $1,478,454,000 after acquiring an additional 246,800 shares during the last quarter. Capital Research Global Investors grew its position in shares of Stanley Black & Decker by 126.5% during the fourth quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company’s stock worth $440,424,000 after acquiring an additional 3,063,114 shares during the last quarter. Invesco Ltd. grew its position in shares of Stanley Black & Decker by 22.6% during the fourth quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company’s stock worth $332,336,000 after acquiring an additional 763,219 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Stanley Black & Decker by 0.5% during the fourth quarter. Wells Fargo & Company MN now owns 3,895,026 shares of the industrial products company’s stock worth $312,732,000 after acquiring an additional 18,778 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Company Profile

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.