Stanley Black & Decker (NYSE:SWK) Hits New 52-Week Low After Analyst Downgrade

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) reached a new 52-week low during mid-day trading on Wednesday after Barclays lowered their price target on the stock from $94.00 to $86.00. Barclays currently has an equal weight rating on the stock. Stanley Black & Decker traded as low as $77.35 and last traded at $78.34, with a volume of 735268 shares trading hands. The stock had previously closed at $80.47.

A number of other research firms have also issued reports on SWK. Citigroup lowered their target price on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Thursday, December 19th. UBS Group cut their price objective on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Jefferies Financial Group initiated coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They set a “buy” rating and a $103.00 price target on the stock. Finally, Wells Fargo & Company decreased their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to MarketBeat, Stanley Black & Decker has a consensus rating of “Hold” and a consensus price target of $102.20.

Hedge Funds Weigh In On Stanley Black & Decker

A number of institutional investors have recently modified their holdings of SWK. Ridgewood Investments LLC bought a new position in Stanley Black & Decker in the 4th quarter worth approximately $36,000. Cape Investment Advisory Inc. increased its stake in shares of Stanley Black & Decker by 107.2% in the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock valued at $37,000 after buying an additional 237 shares during the period. Millstone Evans Group LLC bought a new stake in shares of Stanley Black & Decker during the fourth quarter worth $40,000. SRS Capital Advisors Inc. lifted its stake in shares of Stanley Black & Decker by 61.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 199 shares during the period. Finally, Montag A & Associates Inc. acquired a new stake in Stanley Black & Decker in the fourth quarter worth about $44,000. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Stock Performance

The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The stock has a market capitalization of $12.01 billion, a price-to-earnings ratio of 40.07, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25. The stock has a 50-day moving average of $85.19 and a 200 day moving average of $90.34.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. On average, analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were issued a $0.82 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a yield of 4.22%. Stanley Black & Decker’s dividend payout ratio is presently 169.07%.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.