Stanley Black & Decker (NYSE:SWK) Given New $80.00 Price Target at Robert W. Baird

Stanley Black & Decker (NYSE:SWK) had its price target trimmed by Robert W. Baird from $82.00 to $80.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a neutral rating on the industrial products company’s stock.

Several other research firms have also recently issued reports on SWK. Barclays upped their price target on Stanley Black & Decker from $105.00 to $107.00 and gave the company an overweight rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. lowered their price target on shares of Stanley Black & Decker from $89.00 to $80.00 and set an underweight rating on the stock 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 for the company in a report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $98.11.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $89.32 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 1.19. Stanley Black & Decker has a one year low of $73.87 and a one year high of $104.21. The company’s 50-day simple moving average is $91.46 and its 200-day simple moving average is $90.80. The stock has a market capitalization of $13.74 billion, a price-to-earnings ratio of -42.94, a PEG ratio of 2.41 and a beta of 1.34.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.19. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.84 billion. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. Stanley Black & Decker’s revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.10) earnings per share. Equities analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were paid a dividend of $0.81 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $3.24 annualized dividend and a yield of 3.63%. Stanley Black & Decker’s dividend payout ratio is -155.77%.

Institutional Trading of Stanley Black & Decker

Several large investors have recently added to or reduced their stakes in SWK. First United Bank & Trust bought a new stake in Stanley Black & Decker during the fourth quarter worth about $25,000. Venturi Wealth Management LLC bought a new stake in shares of Stanley Black & Decker during the third quarter valued at approximately $33,000. Quarry LP bought a new stake in shares of Stanley Black & Decker during the fourth quarter valued at approximately $36,000. Achmea Investment Management B.V. bought a new stake in shares of Stanley Black & Decker during the first quarter valued at approximately $36,000. Finally, ICA Group Wealth Management LLC bought a new stake in shares of Stanley Black & Decker during the fourth quarter valued at approximately $37,000. 87.77% of the stock is owned by institutional investors.

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.