Stanley Black & Decker, Inc. (NYSE:SWK) Given Average Rating of “Hold” by Analysts

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have been given a consensus recommendation of “Hold” by the eleven brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $87.3333.

SWK has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Wells Fargo & Company dropped 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 report on Wednesday, November 5th. Morgan Stanley set a $88.00 price target on Stanley Black & Decker in a research report on Monday, December 22nd. Finally, Robert W. Baird lifted their target price on shares of Stanley Black & Decker from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 23rd.

Hedge Funds Weigh In On Stanley Black & Decker

Hedge funds have recently added to or reduced their stakes in the stock. 1248 Management LLC purchased a new stake in shares of Stanley Black & Decker in the first quarter valued at about $26,000. Princeton Global Asset Management LLC bought a new position in shares of Stanley Black & Decker during the 2nd quarter worth approximately $25,000. Chapman Financial Group LLC purchased a new position in shares of Stanley Black & Decker in the 2nd quarter worth approximately $26,000. Hanson & Doremus Investment Management bought a new position in shares of Stanley Black & Decker in the third quarter valued at approximately $30,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Stanley Black & Decker during the second quarter valued at approximately $28,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Up 0.7%

Shares of Stanley Black & Decker stock opened at $75.40 on Monday. The business has a fifty day simple moving average of $70.33 and a 200 day simple moving average of $71.31. Stanley Black & Decker has a 12 month low of $53.91 and a 12 month high of $91.06. The stock has a market cap of $11.68 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 2.14 and a beta of 1.20. The company has a quick ratio of 0.35, a current ratio of 1.11 and a debt-to-equity ratio of 0.52.

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

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Monday, December 1st were given a $0.83 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $3.32 annualized dividend and a yield of 4.4%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 114.88%.

About Stanley Black & Decker

Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.