Stanley Black & Decker, Inc. (NYSE:SWK) Receives Consensus Rating of "Hold" from Analysts

Shares of Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report) have received a consensus recommendation of "Hold" from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $102.29.

Several brokerages have recently issued reports on SWK. UBS Group boosted their price objective on Stanley Black & Decker from $110.00 to $121.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Morgan Stanley decreased their price target on Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating for the company in a report on Wednesday. StockNews.com raised shares of Stanley Black & Decker from a "hold" rating to a "buy" rating in a research note on Monday. Wells Fargo & Company decreased their target price on shares of Stanley Black & Decker from $104.00 to $100.00 and set an "equal weight" rating for the company in a research note on Wednesday. Finally, Robert W. Baird dropped 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 research report on Wednesday.

Stanley Black & Decker Stock Performance

NYSE:SWK traded down $0.03 during midday trading on Wednesday, hitting $93.86. The company's stock had a trading volume of 2,508,516 shares, compared to its average volume of 1,409,861. Stanley Black & Decker has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42. The firm has a market cap of $14.45 billion, a P/E ratio of -48.38, a P/E/G ratio of 2.71 and a beta of 1.24. The firm's 50 day moving average is $103.52 and its 200-day moving average is $93.75.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.17. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The business's quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.05 earnings per share. Equities analysts anticipate that Stanley Black & Decker will post 4.18 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker's dividend payout ratio is presently -169.07%.

Insider Activity

In related news, SVP Janet Link sold 13,520 shares of the company's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the completion of the transaction, the senior vice president now owns 31,960 shares in the company, valued at $3,320,963.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.60% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Avidian Wealth Enterprises LLC purchased a new stake in shares of Stanley Black & Decker during the third quarter worth $268,000. Greenwood Capital Associates LLC boosted its position in Stanley Black & Decker by 1.4% during the third quarter. Greenwood Capital Associates LLC now owns 12,087 shares of the industrial products company's stock worth $1,331,000 after acquiring an additional 168 shares during the last quarter. Impax Asset Management Group plc raised its holdings in Stanley Black & Decker by 11.1% in the 3rd quarter. Impax Asset Management Group plc now owns 411,470 shares of the industrial products company's stock valued at $45,315,000 after acquiring an additional 41,043 shares during the last quarter. QRG Capital Management Inc. lifted its stake in Stanley Black & Decker by 7.3% in the 3rd quarter. QRG Capital Management Inc. now owns 3,301 shares of the industrial products company's stock worth $364,000 after purchasing an additional 226 shares in the last quarter. Finally, National Pension Service acquired a new position in shares of Stanley Black & Decker during the 3rd quarter worth approximately $5,466,000. 87.77% of the stock is owned by institutional investors and hedge funds.

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.