Stanley Black & Decker, Inc. (NYSE:SWK) Receives $95.44 Consensus Target Price from Brokerages

Stanley Black & Decker, Inc. (NYSE:SWK) has earned an average rating of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $95.44.

Several brokerages recently weighed in on SWK. Robert W. Baird cut 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. Barclays cut Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $100.00 to $86.00 in a research note on Tuesday, June 4th. Finally, Wells Fargo & Company lowered their target price on Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating for the company in a research note on Friday, May 3rd.

Insider Transactions at Stanley Black & Decker

In related news, SVP Janet Link sold 3,442 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $86.80, for a total value of $298,765.60. Following the transaction, the senior vice president now directly owns 32,860 shares of the company’s stock, valued at approximately $2,852,248. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Foresight Capital Management Advisors Inc. purchased a new position in shares of Stanley Black & Decker during the fourth quarter worth approximately $2,593,000. Vest Financial LLC increased its stake in Stanley Black & Decker by 44.0% in the fourth quarter. Vest Financial LLC now owns 338,624 shares of the industrial products company’s stock valued at $33,219,000 after purchasing an additional 103,403 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of Stanley Black & Decker during the third quarter worth about $1,605,000. Manchester Financial Inc. purchased a new position in shares of Stanley Black & Decker during the fourth quarter worth about $2,067,000. Finally, First Financial Bankshares Inc acquired a new position in Stanley Black & Decker in the 4th quarter valued at about $6,161,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 1.9 %

Stanley Black & Decker stock opened at $79.89 on Thursday. The company has a market capitalization of $12.29 billion, a PE ratio of -115.78, a price-to-earnings-growth ratio of 2.23 and a beta of 1.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.40 and a current ratio of 1.09. Stanley Black & Decker has a fifty-two week low of $76.26 and a fifty-two week high of $104.21. The firm has a 50 day moving average price of $86.44 and a 200 day moving average price of $90.87.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same period in the previous year, the firm posted ($0.41) earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. Research analysts expect that Stanley Black & Decker will post 4.05 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were paid a $0.81 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $3.24 annualized dividend and a yield of 4.06%. Stanley Black & Decker’s dividend payout ratio is currently -469.57%.

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.