Stanley Black & Decker, Inc. (NYSE:SWK) Receives $102.20 Average PT from Brokerages

Stanley Black & Decker, Inc. (NYSE:SWK) has been assigned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $102.20.

A number of research analysts recently commented on SWK shares. Citigroup decreased their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Barclays dropped their price target on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. Jefferies Financial Group began coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They set a “buy” rating and a $103.00 price objective on the stock. Wells Fargo & Company decreased their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, UBS Group cut their price objective on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 7th.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $61.23 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The firm has a 50-day moving average of $72.84 and a 200-day moving average of $82.90. The company has a market cap of $9.46 billion, a PE ratio of 31.56, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. Stanley Black & Decker has a one year low of $53.91 and a one year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. As a group, equities analysts forecast that Stanley Black & Decker will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date is Tuesday, June 3rd. Stanley Black & Decker’s payout ratio is 169.07%.

Institutional Investors Weigh In On Stanley Black & Decker

Hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC increased its stake in shares of Stanley Black & Decker by 30.9% in the third quarter. Barclays PLC now owns 427,337 shares of the industrial products company’s stock valued at $47,061,000 after buying an additional 100,894 shares during the period. World Investment Advisors LLC bought a new position in shares of Stanley Black & Decker during the third quarter worth about $229,000. Wilmington Savings Fund Society FSB bought a new stake in Stanley Black & Decker in the third quarter valued at approximately $602,000. Synovus Financial Corp acquired a new stake in Stanley Black & Decker during the 3rd quarter valued at approximately $307,000. Finally, Franklin Resources Inc. raised its holdings in Stanley Black & Decker by 12.6% during the 3rd quarter. Franklin Resources Inc. now owns 168,099 shares of the industrial products company’s stock worth $18,298,000 after purchasing an additional 18,776 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.