Stanley Black & Decker (NYSE:SWK) Price Target Lowered to $86.00 at Barclays

Stanley Black & Decker (NYSE:SWK - Free Report) had its target price reduced by Barclays from $94.00 to $86.00 in a research note released on Wednesday,Benzinga reports. Barclays currently has an equal weight rating on the industrial products company's stock.

Several other analysts have also recently commented on the stock. UBS Group decreased their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Citigroup cut their target price on shares of 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. Wells Fargo & Company dropped their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. Mizuho raised Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 price target on the stock in a research note on Thursday, December 19th. Finally, Jefferies Financial Group began coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price target for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Stanley Black & Decker has an average rating of "Hold" and a consensus target price of $102.20.

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Stanley Black & Decker Price Performance

Shares of NYSE SWK traded down $1.25 during mid-day trading on Wednesday, hitting $76.46. 1,787,694 shares of the stock were exchanged, compared to its average volume of 1,580,992. The company has a market cap of $11.82 billion, a P/E ratio of 39.41, a PEG ratio of 1.33 and a beta of 1.25. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. Stanley Black & Decker has a twelve month low of $76.25 and a twelve month high of $110.88. The stock's fifty day simple moving average is $85.03 and its two-hundred day simple moving average is $90.15.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. As a group, analysts forecast that Stanley Black & Decker will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date was Tuesday, March 4th. Stanley Black & Decker's dividend payout ratio is presently 169.07%.

Institutional Trading of Stanley Black & Decker

Several institutional investors have recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its position in shares of Stanley Black & Decker by 126.5% in the fourth quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock valued at $440,424,000 after acquiring an additional 3,063,114 shares during the period. Norges Bank acquired a new stake in Stanley Black & Decker in the 4th quarter worth about $117,231,000. Invesco Ltd. grew its position in shares of Stanley Black & Decker by 22.6% during the 4th 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. grew its position 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 buying an additional 679,359 shares in the last quarter. Finally, Clean Energy Transition LLP increased its stake in Stanley Black & Decker by 49.0% during the 3rd quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company's stock worth $218,518,000 after acquiring an additional 652,780 shares during the period. 87.77% of the stock is currently owned by institutional investors.

About Stanley Black & Decker

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.