Stanley Black & Decker (NYSE:SWK) Shares Gap Down to $91.90

Stanley Black & Decker, Inc. (NYSE:SWK)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $91.90, but opened at $84.65. Stanley Black & Decker shares last traded at $84.53, with a volume of 1,615,152 shares.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Robert W. Baird cut their target price on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Wells Fargo & Company cut their price objective on shares of Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating for the company in a research report on Friday. JPMorgan Chase & Co. decreased their target price on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, February 6th. Finally, Barclays cut their price target on Stanley Black & Decker from $107.00 to $100.00 and set an “overweight” rating for the company in a report on Friday. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $97.00.

Stanley Black & Decker Stock Performance

The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.39 and a current ratio of 1.09. The firm has a 50 day moving average of $91.64 and a 200-day moving average of $91.23.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Thursday, May 2nd. The industrial products company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter in the previous year, the firm earned ($0.41) earnings per share. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities analysts expect that Stanley Black & Decker, Inc. will post 4.13 EPS for the current year.

Stanley Black & Decker Announces Dividend

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

Institutional Investors Weigh In On Stanley Black & Decker

A number of hedge funds have recently made changes to their positions in SWK. Price T Rowe Associates Inc. MD raised its holdings in shares of Stanley Black & Decker by 1.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,159,917 shares of the industrial products company’s stock worth $1,683,389,000 after acquiring an additional 279,866 shares in the last quarter. Clean Energy Transition LLP lifted its position in Stanley Black & Decker by 13.8% during the third quarter. Clean Energy Transition LLP now owns 2,292,331 shares of the industrial products company’s stock valued at $191,593,000 after purchasing an additional 277,507 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Stanley Black & Decker by 1.4% in the 4th quarter. Federated Hermes Inc. now owns 1,647,932 shares of the industrial products company’s stock worth $161,662,000 after buying an additional 22,933 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in shares of Stanley Black & Decker by 1.4% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,527,842 shares of the industrial products company’s stock valued at $127,697,000 after buying an additional 20,792 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Stanley Black & Decker by 4.7% in the 3rd quarter. Northern Trust Corp now owns 1,495,531 shares of the industrial products company’s stock valued at $124,996,000 after acquiring an additional 66,536 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

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.