Mizuho Upgrades Stanley Black & Decker (NYSE:SWK) to “Outperform”

Mizuho upgraded shares of Stanley Black & Decker (NYSE:SWK) from a neutral rating to an outperform rating in a research note published on Thursday morning, Marketbeat.com reports. They currently have $110.00 price objective on the industrial products company’s stock.

SWK has been the subject of several other research reports. Wells Fargo & Company dropped their price target on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Morgan Stanley dropped their price objective 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. Barclays lifted their target price on Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Robert W. Baird dropped their price target on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group lifted 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. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $103.25.

Stanley Black & Decker Trading Up 0.5 %

Shares of SWK opened at $79.43 on Thursday. Stanley Black & Decker has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The stock has a fifty day moving average of $91.99 and a two-hundred day moving average of $93.45. 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 company has a market capitalization of $12.25 billion, a PE ratio of -57.98, a price-to-earnings-growth ratio of 2.24 and a beta of 1.23.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results 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 firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same period last year, the company earned $1.05 EPS. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. As a group, analysts forecast that Stanley Black & Decker will post 4.12 EPS for the current year.

Stanley Black & Decker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, November 29th were issued a dividend of $0.82 per share. The ex-dividend date was Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 4.13%. Stanley Black & Decker’s payout ratio is currently -239.42%.

Hedge Funds Weigh In On Stanley Black & Decker

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rise Advisors LLC raised its stake in shares of Stanley Black & Decker by 99.3% during the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 133 shares during the period. EverSource Wealth Advisors LLC grew 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 valued at $42,000 after purchasing an additional 237 shares in the last quarter. Summit Securities Group LLC purchased a new stake in Stanley Black & Decker during the 2nd quarter worth $56,000. Waldron Private Wealth LLC acquired a new position in Stanley Black & Decker in the 3rd quarter worth $59,000. Finally, AM Squared Ltd purchased a new position in Stanley Black & Decker in the 2nd quarter valued at about $72,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

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.