Stanley Black & Decker, Inc. (NYSE:SWK) Receives $102.20 Average PT from Brokerages

Stanley Black & Decker, Inc. (NYSE:SWK) has been assigned an average recommendation of “Hold” from the ten brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $102.20.

SWK has been the topic of several research analyst reports. Citigroup cut their price target on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Jefferies Financial Group initiated coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They set a “buy” rating and a $103.00 price target on the stock. UBS Group dropped their target price on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Barclays dropped their target price on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. Finally, Wells Fargo & Company dropped their target price on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $61.65 on Wednesday. Stanley Black & Decker has a 12 month low of $53.91 and a 12 month high of $110.88. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The firm has a market capitalization of $9.53 billion, a PE ratio of 31.78, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. The business’s fifty day moving average price is $73.95 and its 200 day moving average price is $83.38.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. On average, sell-side analysts anticipate that Stanley Black & Decker will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 5.32%. Stanley Black & Decker’s dividend payout ratio is currently 169.07%.

Hedge Funds Weigh In On Stanley Black & Decker

Several large investors have recently bought and sold shares of SWK. Capital Research Global Investors raised its holdings in Stanley Black & Decker by 126.5% during the fourth quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company’s stock worth $440,424,000 after purchasing an additional 3,063,114 shares in the last quarter. Norges Bank bought a new stake in Stanley Black & Decker during the fourth quarter worth approximately $117,231,000. Invesco Ltd. raised its holdings in Stanley Black & Decker by 22.6% during the fourth quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company’s stock worth $332,336,000 after purchasing an additional 763,219 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Stanley Black & Decker by 44.2% during the fourth quarter. Ameriprise Financial Inc. now owns 2,215,765 shares of the industrial products company’s stock worth $177,905,000 after purchasing an additional 679,359 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in Stanley Black & Decker by 7,765.7% during the fourth quarter. Marshall Wace LLP now owns 582,535 shares of the industrial products company’s stock worth $46,772,000 after purchasing an additional 575,129 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.