Barclays Trims Stanley Black & Decker (NYSE:SWK) Target Price to $100.00

Stanley Black & Decker (NYSE:SWK) had its target price decreased by Barclays from $107.00 to $100.00 in a report published on Friday morning, Benzinga reports. Barclays currently has an overweight rating on the industrial products company’s stock.

SWK has been the topic of a number of other reports. Robert W. Baird decreased their price target on Stanley Black & Decker from $82.00 to $80.00 and set a neutral rating on the stock in a research report on Thursday, April 18th. JPMorgan Chase & Co. cut their price target on Stanley Black & Decker from $89.00 to $80.00 and set an underweight rating for the company in a report on Tuesday, February 6th. Finally, Wells Fargo & Company decreased their price objective on shares of Stanley Black & Decker from $105.00 to $95.00 and set an equal weight rating on the stock in a report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $97.00.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock traded up $1.21 during mid-day trading on Friday, hitting $87.01. 2,744,633 shares of the company were exchanged, compared to its average volume of 1,438,545. The company has a market capitalization of $13.39 billion, a PE ratio of -124.35, a price-to-earnings-growth ratio of 2.31 and a beta of 1.33. The business has a fifty day moving average of $91.58 and a 200 day moving average of $91.39. Stanley Black & Decker has a 1-year low of $73.87 and a 1-year high of $104.21. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 0.63.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.41) EPS. As a group, sell-side analysts expect that Stanley Black & Decker will post 4.12 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be paid a $0.81 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.24 dividend on an annualized basis and a yield of 3.72%. Stanley Black & Decker’s payout ratio is presently -469.56%.

Institutional Investors Weigh In On Stanley Black & Decker

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SWK. First United Bank & Trust bought a new stake in shares of Stanley Black & Decker in the 4th quarter valued at $25,000. Quarry LP acquired a new position in Stanley Black & Decker in the fourth quarter valued at about $36,000. Principal Securities Inc. bought a new stake in shares of Stanley Black & Decker in the fourth quarter worth about $38,000. Venturi Wealth Management LLC acquired a new stake in shares of Stanley Black & Decker during the third quarter worth about $33,000. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Stanley Black & Decker by 39.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 140 shares in the last quarter. Institutional investors 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.