Stanley Black & Decker, Inc. (NYSE:SWK) Given Consensus Recommendation of “Hold” by Brokerages

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

A number of equities research analysts have recently commented on the stock. Barclays upped their price objective on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. increased their price target on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a report on Monday, August 5th. The Goldman Sachs Group boosted their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Morgan Stanley lowered their target price on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. Finally, Robert W. Baird cut their price target on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th.

Stanley Black & Decker Stock Performance

NYSE SWK opened at $89.77 on Friday. The company has a market capitalization of $13.84 billion, a price-to-earnings ratio of -65.53, a PEG ratio of 2.50 and a beta of 1.25. Stanley Black & Decker has a twelve month low of $77.70 and a twelve month high of $110.88. The stock has a fifty day simple moving average of $99.00 and a 200 day simple moving average of $93.81. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data 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 positive return on equity of 6.44% and a negative net margin of 1.33%. The company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same period last year, the company earned $1.05 earnings per share. The firm’s revenue was down 5.1% compared to the same quarter last year. Sell-side analysts expect that Stanley Black & Decker will post 4.12 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 3.65%. Stanley Black & Decker’s dividend payout ratio is -239.42%.

Institutional Trading of Stanley Black & Decker

Several hedge funds have recently bought and sold shares of the business. Rise Advisors LLC lifted its stake in shares of Stanley Black & Decker by 99.3% in the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after buying an additional 133 shares in the last quarter. AlphaMark Advisors LLC bought a new position in Stanley Black & Decker in the 2nd quarter valued at about $32,000. EverSource Wealth Advisors LLC increased its holdings in Stanley Black & Decker by 81.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 237 shares in the last quarter. Waldron Private Wealth LLC purchased a new stake in shares of Stanley Black & Decker in the third quarter worth approximately $59,000. Finally, Armstrong Advisory Group Inc. bought a new position in shares of Stanley Black & Decker in the third quarter valued at approximately $72,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

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.