Stanley Black & Decker, Inc. (NYSE:SWK) Receives $94.67 Average Price Target from Brokerages

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have been assigned an average rating of “Hold” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $94.67.

Several equities research analysts recently weighed in on SWK shares. Barclays cut shares of Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $100.00 to $86.00 in a research report on Tuesday, June 4th. Wells Fargo & Company cut their price objective on shares of Stanley Black & Decker from $92.00 to $85.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Finally, Robert W. Baird cut their price objective on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th.

Stanley Black & Decker Stock Up 6.5 %

NYSE:SWK opened at $95.43 on Monday. Stanley Black & Decker has a one year low of $76.26 and a one year high of $104.21. The firm’s fifty day moving average price is $84.83 and its two-hundred day moving average price is $89.09. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 0.63.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate 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 company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.41) earnings per share. On average, analysts anticipate that Stanley Black & Decker will post 3.98 EPS for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.44%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.81. The ex-dividend date is Tuesday, September 3rd. Stanley Black & Decker’s dividend payout ratio is presently -469.56%.

Insider Buying and Selling

In related news, SVP Janet Link sold 3,442 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $86.80, for a total value of $298,765.60. Following the transaction, the senior vice president now directly owns 32,860 shares in the company, valued at approximately $2,852,248. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Stanley Black & Decker

Large investors have recently made changes to their positions in the business. First United Bank & Trust purchased a new stake in shares of Stanley Black & Decker during the 4th quarter valued at $25,000. Quarry LP purchased a new stake in Stanley Black & Decker in the 4th quarter worth about $36,000. Principal Securities Inc. purchased a new stake in Stanley Black & Decker in the 4th quarter worth about $38,000. AlphaMark Advisors LLC purchased a new stake in Stanley Black & Decker in the 2nd quarter worth about $32,000. Finally, Brown Brothers Harriman & Co. increased its holdings in Stanley Black & Decker by 39.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 140 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

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.