Stanley Black & Decker (NYSE:SWK) Stock Gets Price Target Reduction from Wells Fargo & Company

Stanley Black & Decker (NYSE:SWK) had its price target lowered by Wells Fargo & Company from $95.00 to $90.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has an equal weight rating on the industrial products company’s stock.

Several other research analysts have also recently issued reports on SWK. Mizuho decreased their price objective on shares of Stanley Black & Decker from $110.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday. Wall Street Zen raised Stanley Black & Decker from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 6th. Weiss Ratings raised Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Citigroup upped their target price on Stanley Black & Decker from $100.00 to $107.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $93.00 target price on shares of Stanley Black & Decker in a research report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $94.11.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $92.39 on Friday. The stock has a market cap of $13.95 billion, a P/E ratio of 22.53, a P/E/G ratio of 1.37 and a beta of 1.17. The firm’s 50-day simple moving average is $93.88 and its 200 day simple moving average is $86.53. Stanley Black & Decker has a fifty-two week low of $61.90 and a fifty-two week high of $104.68. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.53.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.36. The firm had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.97 billion. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. Stanley Black & Decker’s revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.08 EPS. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. Equities analysts expect that Stanley Black & Decker will post 5.58 EPS for the current year.

Stanley Black & Decker Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th were issued a dividend of $0.84 per share. The ex-dividend date of this dividend was Tuesday, September 8th. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.83. This represents a $3.36 dividend on an annualized basis and a yield of 3.6%. Stanley Black & Decker’s dividend payout ratio is presently 81.95%.

Institutional Investors Weigh In On Stanley Black & Decker

Several hedge funds and other institutional investors have recently bought and sold shares of SWK. BlackRock Inc. acquired a new position in shares of Stanley Black & Decker in the 2nd quarter worth approximately $1,006,417,000. State Street Corp raised its holdings in shares of Stanley Black & Decker by 5.0% in the 2nd quarter. State Street Corp now owns 8,751,801 shares of the industrial products company’s stock worth $823,720,000 after purchasing an additional 416,614 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Stanley Black & Decker by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,976,851 shares of the industrial products company’s stock worth $353,618,000 after purchasing an additional 92,573 shares in the last quarter. Nykredit A S acquired a new stake in Stanley Black & Decker during the second quarter valued at approximately $166,378,000. Finally, Confluence Investment Management LLC acquired a new stake in Stanley Black & Decker during the second quarter valued at approximately $126,909,000. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc is a global manufacturer of tools, outdoor products and related equipment. The company serves professional contractors, industrial customers, do-it-yourself consumers and outdoor enthusiasts through a portfolio that includes power tools, hand tools, storage solutions, accessories, lawn and garden equipment, and other outdoor products.

Its brands include DEWALT, CRAFTSMAN, STANLEY, BLACK+DECKER, Cub Cadet, Hustler and Troy-Bilt. Products are sold through retailers, distributors, e-commerce channels and other commercial outlets, supporting construction, maintenance, manufacturing, automotive repair and residential applications.

The company was formed in 2010 through the merger of The Stanley Works and The Black & Decker Corporation.