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

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have received a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $88.10.

Several research analysts recently weighed in on SWK shares. Morgan Stanley reissued a “positive” rating and set a $80.00 price target on shares of Stanley Black & Decker in a research report on Tuesday, October 14th. UBS Group upped their target price on Stanley Black & Decker from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Jefferies Financial Group set a $86.00 price target on shares of Stanley Black & Decker and gave the stock a “buy” rating in a report on Monday, August 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company cut their target price on shares of Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th.

Institutional Investors Weigh In On Stanley Black & Decker

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Stanley Black & Decker by 0.5% in the second quarter. Vanguard Group Inc. now owns 18,663,999 shares of the industrial products company’s stock valued at $1,264,486,000 after acquiring an additional 91,016 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Stanley Black & Decker by 0.9% in the 3rd quarter. Capital Research Global Investors now owns 12,768,115 shares of the industrial products company’s stock valued at $949,050,000 after purchasing an additional 116,302 shares during the last quarter. State Street Corp boosted its holdings in Stanley Black & Decker by 2.3% in the second quarter. State Street Corp now owns 9,423,438 shares of the industrial products company’s stock worth $638,438,000 after purchasing an additional 215,960 shares in the last quarter. Ameriprise Financial Inc. increased its position in Stanley Black & Decker by 49.5% during the third quarter. Ameriprise Financial Inc. now owns 4,379,653 shares of the industrial products company’s stock worth $325,541,000 after buying an additional 1,450,170 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Stanley Black & Decker by 11.7% during the third quarter. Dimensional Fund Advisors LP now owns 4,329,175 shares of the industrial products company’s stock worth $321,781,000 after buying an additional 452,398 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

NYSE SWK opened at $72.53 on Thursday. The company has a current ratio of 1.11, a quick ratio of 0.35 and a debt-to-equity ratio of 0.52. Stanley Black & Decker has a 1 year low of $53.91 and a 1 year high of $91.06. The company has a market cap of $11.23 billion, a PE ratio of 25.10, a PEG ratio of 2.00 and a beta of 1.20. The stock’s 50-day moving average price is $69.35 and its two-hundred day moving average price is $70.42.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share for the quarter. Stanley Black & Decker had a net margin of 2.89% and a return on equity of 8.10%. The business had revenue of $3.72 billion for the quarter. On average, analysts predict that Stanley Black & Decker will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Monday, December 1st will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $3.32 dividend on an annualized basis and a yield of 4.6%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 114.88%.

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.