Stanley Black & Decker (NYSE:SWK) PT Lowered to $92.00 at Wells Fargo & Company

Stanley Black & Decker (NYSE:SWK) had its price objective reduced by Wells Fargo & Company from $98.00 to $92.00 in a report issued on Friday, Benzinga reports. They currently have an equal weight rating on the industrial products company’s stock.

Other equities analysts have also recently issued research reports about the company. Barclays decreased their price target on Stanley Black & Decker from $107.00 to $100.00 and set an overweight rating on the stock in a report on Friday. Robert W. Baird reduced their target price on shares of Stanley Black & Decker from $82.00 to $80.00 and set a neutral rating on the stock in a research note on Thursday, April 18th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Stanley Black & Decker from $89.00 to $80.00 and set an underweight rating for the company in a research note on Tuesday, February 6th. Two equities 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’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $97.00.

Stanley Black & Decker Trading Up 1.0 %

SWK opened at $85.80 on Friday. Stanley Black & Decker has a 1-year low of $73.87 and a 1-year high of $104.21. The firm has a 50-day moving average price of $91.58 and a two-hundred day moving average price of $91.39. The stock has a market capitalization of $13.20 billion, a PE ratio of -124.35, a PEG ratio of 2.31 and a beta of 1.33. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 0.63.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. Stanley Black & Decker’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.41) EPS. As a group, equities analysts anticipate that Stanley Black & Decker will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be given a dividend of $0.81 per share. The ex-dividend date is Friday, May 31st. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.78%. Stanley Black & Decker’s dividend payout ratio is -469.56%.

Institutional Trading of Stanley Black & Decker

Several hedge funds have recently added to or reduced their stakes in the business. First United Bank & Trust bought a new stake in shares of Stanley Black & Decker in the fourth quarter worth about $25,000. Venturi Wealth Management LLC bought a new stake in Stanley Black & Decker during the 3rd quarter worth approximately $33,000. Quarry LP acquired a new stake in Stanley Black & Decker during the 4th quarter worth approximately $36,000. Principal Securities Inc. bought a new position in Stanley Black & Decker in the fourth quarter valued at approximately $38,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Stanley Black & Decker by 80.5% during the third quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 231 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

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.