Stanley Black & Decker, Inc. (NYSE:SWK) Receives $99.44 Consensus PT from Analysts

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have received an average rating of “Hold” from the ten research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $99.44.

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 6th. Wells Fargo & Company lowered their price objective on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, February 2nd. Finally, Barclays boosted their price objective on Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd.

Hedge Funds Weigh In On Stanley Black & Decker

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Clarity Financial LLC boosted its stake in Stanley Black & Decker by 1.9% in the first quarter. Clarity Financial LLC now owns 139,935 shares of the industrial products company’s stock worth $13,704,000 after purchasing an additional 2,672 shares in the last quarter. Global Assets Advisory LLC acquired a new position in shares of Stanley Black & Decker during the first quarter valued at $1,870,000. Rockland Trust Co. lifted its stake in shares of Stanley Black & Decker by 5.4% during the first quarter. Rockland Trust Co. now owns 10,475 shares of the industrial products company’s stock valued at $1,026,000 after acquiring an additional 541 shares during the period. Triangle Securities Wealth Management lifted its stake in shares of Stanley Black & Decker by 25.2% during the first quarter. Triangle Securities Wealth Management now owns 10,290 shares of the industrial products company’s stock valued at $1,008,000 after acquiring an additional 2,070 shares during the period. Finally, Polianta Ltd acquired a new position in shares of Stanley Black & Decker during the first quarter valued at $1,184,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK opened at $90.78 on Friday. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.67. The business’s 50 day moving average is $91.44 and its two-hundred day moving average is $90.55. The company has a market cap of $13.96 billion, a P/E ratio of -43.64, a P/E/G ratio of 2.47 and a beta of 1.34. Stanley Black & Decker has a 12 month low of $73.87 and a 12 month high of $104.21.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.73 by $0.19. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.84 billion. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.10) EPS. On average, equities analysts expect that Stanley Black & Decker will post 4.12 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date was Thursday, March 7th. Stanley Black & Decker’s dividend payout ratio is currently -155.77%.

Stanley Black & Decker Company Profile

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.