Robert W. Baird Has Lowered Expectations for Stanley Black & Decker (NYSE:SWK) Stock Price

Stanley Black & Decker (NYSE:SWK) had its price objective trimmed by Robert W. Baird from $104.00 to $102.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a neutral rating on the industrial products company’s stock.

A number of other research firms also recently issued reports on SWK. Barclays increased their target price on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. increased their target price on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research report on Monday, August 5th. Morgan Stanley began coverage on shares of Stanley Black & Decker in a research note on Friday, September 6th. They set an “equal weight” rating and a $107.00 price target on the stock. Wells Fargo & Company dropped their price target on shares of Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. Finally, StockNews.com upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $102.29.

Stanley Black & Decker Stock Up 0.5 %

Shares of NYSE:SWK opened at $93.38 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. The company has a market cap of $14.40 billion, a PE ratio of -68.16, a price-to-earnings-growth ratio of 2.51 and a beta of 1.25. Stanley Black & Decker has a 52 week low of $77.70 and a 52 week high of $110.88. The firm has a 50 day simple moving average of $103.28 and a 200 day simple moving average of $93.79.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The company’s revenue was down 5.1% compared to the same quarter last year. As a group, research analysts expect that Stanley Black & Decker will post 4.12 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 3.51%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently -239.42%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SWK. Price T Rowe Associates Inc. MD boosted its stake in Stanley Black & Decker by 7.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock valued at $1,802,975,000 after acquiring an additional 1,250,925 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Stanley Black & Decker by 14,394.0% in the third quarter. International Assets Investment Management LLC now owns 393,657 shares of the industrial products company’s stock valued at $43,353,000 after purchasing an additional 390,941 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Stanley Black & Decker by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock worth $134,444,000 after buying an additional 267,013 shares during the period. Sabal Trust CO acquired a new position in Stanley Black & Decker during the second quarter worth $19,878,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Stanley Black & Decker by 8.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,733,749 shares of the industrial products company’s stock worth $218,399,000 after buying an additional 212,103 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

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.