Stanley Black & Decker, Inc. (NYSE:SWK) Receives $103.00 Consensus PT from Analysts

Stanley Black & Decker, Inc. (NYSE:SWK) has earned an average rating of “Hold” from the ten analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $103.00.

SWK has been the subject of several recent analyst reports. Citigroup reduced their price target on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a report on Thursday, February 6th. UBS Group reduced their price target on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 7th. Wells Fargo & Company reduced their price target on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Jefferies Financial Group assumed coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They set a “buy” rating and a $103.00 price objective for the company. Finally, Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Thursday, December 19th.

Stanley Black & Decker Trading Up 4.6 %

Shares of SWK stock opened at $89.07 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. The business’s 50 day moving average is $85.27 and its two-hundred day moving average is $92.12. The company has a market capitalization of $13.75 billion, a P/E ratio of 45.91, a price-to-earnings-growth ratio of 1.33 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.

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

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be issued a $0.82 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.68%. Stanley Black & Decker’s dividend payout ratio (DPR) is 169.07%.

Hedge Funds Weigh In On Stanley Black & Decker

A number of institutional investors have recently made changes to their positions in the stock. Empirical Finance LLC raised its holdings in shares of Stanley Black & Decker by 2.1% in the third quarter. Empirical Finance LLC now owns 5,276 shares of the industrial products company’s stock worth $581,000 after acquiring an additional 111 shares during the last quarter. Advisors Management Group Inc. ADV grew its position in shares of Stanley Black & Decker by 3.2% in the third quarter. Advisors Management Group Inc. ADV now owns 3,820 shares of the industrial products company’s stock valued at $421,000 after purchasing an additional 117 shares during the period. MML Investors Services LLC grew its position in shares of Stanley Black & Decker by 0.8% in the third quarter. MML Investors Services LLC now owns 15,798 shares of the industrial products company’s stock valued at $1,740,000 after purchasing an additional 127 shares during the period. Assetmark Inc. grew its position in shares of Stanley Black & Decker by 1.4% in the third quarter. Assetmark Inc. now owns 9,438 shares of the industrial products company’s stock valued at $1,039,000 after purchasing an additional 130 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Stanley Black & Decker by 0.7% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company’s stock valued at $1,758,000 after purchasing an additional 149 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

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 Storage segment, and Industrial segment.