Brokerages Set Stanley Black & Decker, Inc. (NYSE:SWK) Target Price at $102.29

Stanley Black & Decker, Inc. (NYSE:SWK) has earned an average rating of “Hold” from the seven research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $102.29.

A number of research firms have recently commented on SWK. Robert W. Baird dropped their target price on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. The Goldman Sachs Group raised their target price on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. upped their price target on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a report on Monday, August 5th. Barclays raised their price objective on Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company lowered their target price on Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th.

Stanley Black & Decker Stock Performance

Shares of NYSE:SWK opened at $89.54 on Friday. Stanley Black & Decker has a 1 year low of $77.70 and a 1 year high of $110.88. The stock has a market capitalization of $13.80 billion, a price-to-earnings ratio of -65.36, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42. The company’s 50 day simple moving average is $99.66 and its 200 day simple moving average is $93.87.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter last year, the company posted $1.05 EPS. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, research analysts predict that Stanley Black & Decker will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be given a $0.82 dividend. The ex-dividend date is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.66%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently -239.42%.

Institutional Trading of Stanley Black & Decker

Institutional investors have recently bought and sold shares of the company. Rise Advisors LLC raised its position in shares of Stanley Black & Decker by 99.3% in the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 133 shares in the last quarter. AlphaMark Advisors LLC acquired a new stake in Stanley Black & Decker during the second quarter worth approximately $32,000. EverSource Wealth Advisors LLC increased its holdings in Stanley Black & Decker by 81.4% in the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 237 shares in the last quarter. Summit Securities Group LLC acquired a new position in Stanley Black & Decker in the second quarter valued at approximately $56,000. Finally, Waldron Private Wealth LLC bought a new position in shares of Stanley Black & Decker during the 3rd quarter worth approximately $59,000. Institutional investors own 87.77% of the company’s stock.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.