Analysts Set Stanley Black & Decker, Inc. (NYSE:SWK) PT at $104.43

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $102.29.

SWK has been the topic of several analyst reports. StockNews.com downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays lifted their price target on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group lifted their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. UBS Group lifted their price target on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Robert W. Baird lowered their price target on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK opened at $96.69 on Wednesday. The firm has a 50 day moving average of $103.08 and a 200 day moving average of $93.91. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $14.91 billion, a price-to-earnings ratio of -70.58, a price-to-earnings-growth ratio of 2.52 and a beta of 1.25. Stanley Black & Decker has a 12-month low of $77.70 and a 12-month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.17. The company had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.05 earnings per share. On average, research analysts anticipate that Stanley Black & Decker will post 4.12 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -239.42%.

Hedge Funds Weigh In On Stanley Black & Decker

Several hedge funds have recently modified their holdings of SWK. Sei Investments Co. raised its stake in Stanley Black & Decker by 11.0% during the first quarter. Sei Investments Co. now owns 137,385 shares of the industrial products company’s stock valued at $13,454,000 after purchasing an additional 13,659 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Stanley Black & Decker by 60.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,455 shares of the industrial products company’s stock valued at $2,353,000 after purchasing an additional 11,151 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in Stanley Black & Decker by 6.7% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,702 shares of the industrial products company’s stock valued at $460,000 after purchasing an additional 297 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in Stanley Black & Decker by 6.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 121,614 shares of the industrial products company’s stock valued at $11,920,000 after purchasing an additional 7,826 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Stanley Black & Decker by 196.9% during the first quarter. Russell Investments Group Ltd. now owns 106,499 shares of the industrial products company’s stock valued at $10,429,000 after purchasing an additional 70,625 shares in the last quarter. 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.