Stanley Black & Decker (NYSE:SWK - Free Report) had its target price reduced by Barclays from $100.00 to $94.00 in a research note released on Wednesday,Benzinga reports. They currently have an equal weight rating on the industrial products company's stock.
Several other brokerages have also commented on SWK. StockNews.com lowered Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. The Goldman Sachs Group boosted their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Morgan Stanley lowered their price objective on shares of Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 30th. Wells Fargo & Company cut their target price on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Finally, Mizuho upgraded Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 price target for the company in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $101.25.
Get Our Latest Report on Stanley Black & Decker
Stanley Black & Decker Price Performance
Shares of Stanley Black & Decker stock traded down $0.11 on Wednesday, reaching $81.54. The company's stock had a trading volume of 1,305,115 shares, compared to its average volume of 1,275,883. Stanley Black & Decker has a 52-week low of $77.70 and a 52-week high of $110.88. The company has a market capitalization of $12.57 billion, a P/E ratio of -59.52, a PEG ratio of 2.24 and a beta of 1.24. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average price of $85.64 and a 200-day moving average price of $93.20.
Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The company had revenue of $3.75 billion for the quarter, compared to analysts' expectations of $3.80 billion. During the same period in the previous year, the firm posted $1.05 EPS. Stanley Black & Decker's revenue was down 5.1% compared to the same quarter last year. Analysts expect that Stanley Black & Decker will post 4.12 EPS for the current year.
Stanley Black & Decker Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 4.02%. Stanley Black & Decker's dividend payout ratio (DPR) is currently -239.42%.
Institutional Investors Weigh In On Stanley Black & Decker
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Nordea Investment Management AB lifted its position in Stanley Black & Decker by 9.5% in the fourth quarter. Nordea Investment Management AB now owns 13,167 shares of the industrial products company's stock valued at $1,063,000 after acquiring an additional 1,142 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Stanley Black & Decker by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 177,100 shares of the industrial products company's stock valued at $19,504,000 after purchasing an additional 5,493 shares during the period. Franklin Resources Inc. grew its stake in Stanley Black & Decker by 12.6% during the 3rd quarter. Franklin Resources Inc. now owns 168,099 shares of the industrial products company's stock worth $18,298,000 after buying an additional 18,776 shares during the last quarter. Synovus Financial Corp acquired a new position in Stanley Black & Decker during the third quarter worth approximately $307,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Stanley Black & Decker in the third quarter valued at approximately $602,000. Institutional investors and hedge funds own 87.77% of the company's stock.
Stanley Black & Decker Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Stanley Black & Decker, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stanley Black & Decker wasn't on the list.
While Stanley Black & Decker currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for January 2025. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.