Stanley Black & Decker, Inc. (NYSE:SWK) Receives Average Rating of “Hold” from Brokerages

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have been given an average rating of “Hold” by the seven ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $102.29.

A number of research firms recently commented on SWK. StockNews.com cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Barclays raised their price objective on Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Morgan Stanley cut their target price on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. Wells Fargo & Company decreased their price target on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group upped their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th.

Hedge Funds Weigh In On Stanley Black & Decker

Hedge funds have recently modified their holdings of the company. Raymond James & Associates increased its holdings in Stanley Black & Decker by 22.2% during the 2nd quarter. Raymond James & Associates now owns 132,005 shares of the industrial products company’s stock valued at $10,546,000 after purchasing an additional 24,020 shares during the period. Nisa Investment Advisors LLC lifted its stake in Stanley Black & Decker by 7.6% in the second quarter. Nisa Investment Advisors LLC now owns 44,020 shares of the industrial products company’s stock worth $3,517,000 after acquiring an additional 3,101 shares during the period. Raymond James Trust N.A. increased its position in Stanley Black & Decker by 88.8% during the 2nd quarter. Raymond James Trust N.A. now owns 4,704 shares of the industrial products company’s stock valued at $376,000 after purchasing an additional 2,212 shares during the period. SlateStone Wealth LLC raised its holdings in Stanley Black & Decker by 42.5% in the 2nd quarter. SlateStone Wealth LLC now owns 5,397 shares of the industrial products company’s stock worth $431,000 after purchasing an additional 1,609 shares in the last quarter. Finally, State of Michigan Retirement System boosted its stake in shares of Stanley Black & Decker by 6.4% during the 2nd quarter. State of Michigan Retirement System now owns 44,731 shares of the industrial products company’s stock valued at $3,574,000 after purchasing an additional 2,700 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $79.07 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average price of $92.54 and a 200-day moving average price of $93.55. The company has a market cap of $12.19 billion, a PE ratio of -57.72, a price-to-earnings-growth ratio of 2.24 and a beta of 1.23. Stanley Black & Decker has a 12-month low of $77.70 and a 12-month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. The business had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 EPS. As a group, equities analysts forecast 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 was paid on Tuesday, December 17th. Investors of record on Friday, November 29th were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a yield of 4.15%. Stanley Black & Decker’s dividend payout ratio is currently -239.42%.

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.