Stanley Black & Decker (NYSE:SWK) Price Target Cut to $80.00 by Analysts at Robert W. Baird

Stanley Black & Decker (NYSE:SWK) had its price target lowered by Robert W. Baird from $82.00 to $80.00 in a report published on Thursday, Benzinga reports. The brokerage currently has a neutral rating on the industrial products company’s stock.

Other equities analysts have also issued research reports about the stock. Barclays boosted their price target on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the company an overweight rating in a report on Tuesday, April 2nd. Wells Fargo & Company lowered their price target on Stanley Black & Decker from $105.00 to $95.00 and set an equal weight rating for the company in a report on Friday, February 2nd. Finally, JPMorgan Chase & Co. dropped their price target 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $98.11.

Stanley Black & Decker Trading Down 0.0 %

NYSE SWK opened at $89.32 on Thursday. Stanley Black & Decker has a 12 month low of $73.87 and a 12 month high of $104.21. The stock has a 50-day simple moving average of $91.45 and a 200 day simple moving average of $90.57. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67.

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

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were given a dividend of $0.81 per share. The ex-dividend date was Thursday, March 7th. This represents a $3.24 annualized dividend and a dividend yield of 3.63%. Stanley Black & Decker’s dividend payout ratio is currently -155.77%.

Hedge Funds Weigh In On Stanley Black & Decker

A number of large investors have recently bought and sold shares of SWK. Cetera Advisor Networks LLC raised its holdings in Stanley Black & Decker by 4.0% in the 1st quarter. Cetera Advisor Networks LLC now owns 3,595 shares of the industrial products company’s stock valued at $503,000 after acquiring an additional 138 shares during the period. Panagora Asset Management Inc. raised its stake in Stanley Black & Decker by 3.5% in the 1st quarter. Panagora Asset Management Inc. now owns 2,838 shares of the industrial products company’s stock worth $397,000 after purchasing an additional 96 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in Stanley Black & Decker by 22.2% in the 1st quarter. Vontobel Holding Ltd. now owns 4,449 shares of the industrial products company’s stock valued at $636,000 after purchasing an additional 807 shares during the period. Sei Investments Co. grew its position in shares of Stanley Black & Decker by 58.2% during the 1st quarter. Sei Investments Co. now owns 54,290 shares of the industrial products company’s stock worth $7,580,000 after purchasing an additional 19,966 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of Stanley Black & Decker by 7.8% in the first quarter. Allianz Asset Management GmbH now owns 8,711 shares of the industrial products company’s stock valued at $1,218,000 after buying an additional 629 shares during the period. Institutional investors and hedge funds 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.