Stanley Black & Decker, Inc. (NYSE:SWK) Receives $102.29 Average Target Price from Analysts

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have received an average rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $102.29.

Several brokerages have recently weighed in on SWK. UBS Group raised their price objective on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. raised their price target on Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research note on Monday, August 5th. Robert W. Baird dropped their price objective on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Morgan Stanley decreased their price objective on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company lowered their price target on Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th.

Hedge Funds Weigh In On Stanley Black & Decker

Institutional investors and hedge funds have recently modified their holdings of the business. Rise Advisors LLC grew its position in shares of Stanley Black & Decker by 99.3% during the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 133 shares in the last quarter. AlphaMark Advisors LLC bought a new position in Stanley Black & Decker during the 2nd quarter worth $32,000. EverSource Wealth Advisors LLC raised its holdings in Stanley Black & Decker by 81.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 237 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Stanley Black & Decker during the 2nd quarter valued at $56,000. Finally, Waldron Private Wealth LLC acquired a new stake in shares of Stanley Black & Decker during the 3rd quarter worth $59,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Down 3.2 %

Shares of Stanley Black & Decker stock opened at $89.54 on Friday. Stanley Black & Decker has a 52-week low of $77.70 and a 52-week high of $110.88. 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 business’s 50 day simple moving average is $99.66 and its 200 day simple moving average is $93.87. The firm has a market cap of $13.80 billion, a PE ratio of -65.36, a P/E/G ratio of 2.41 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates 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 firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 earnings per share. On average, analysts predict 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 announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio is currently -239.42%.

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.