Stanley Black & Decker, Inc. (NYSE:SWK) Receives $104.43 Average Target Price from Analysts

Shares of Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report) have earned an average recommendation of "Hold" from the seven analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $103.57.

Several research analysts recently weighed in on the company. Robert W. Baird dropped their target price on Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an "underweight" rating in a report on Monday, August 5th. Wells Fargo & Company lowered 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. StockNews.com upgraded shares of Stanley Black & Decker from a "hold" rating to a "buy" rating in a research note on Monday. Finally, Barclays lifted their price objective on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 2nd.

Stanley Black & Decker Stock Up 0.7 %

Stanley Black & Decker stock traded up $0.64 during trading hours on Wednesday, reaching $94.53. The stock had a trading volume of 1,333,841 shares, compared to its average volume of 1,404,269. Stanley Black & Decker has a 52 week low of $77.70 and a 52 week high of $110.88. The company has a market cap of $14.55 billion, a price-to-earnings ratio of -48.97, a PEG ratio of 2.71 and a beta of 1.24. 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 business's 50 day moving average price is $103.62 and its 200-day moving average price is $93.75.

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

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a yield of 3.47%. Stanley Black & Decker's dividend payout ratio is presently -169.07%.

Insider Transactions at Stanley Black & Decker

In other news, SVP Janet Link sold 13,520 shares of the 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 sale, the senior vice president now directly owns 31,960 shares of the company's stock, valued at $3,320,963.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.60% of the company's stock.

Hedge Funds Weigh In On Stanley Black & Decker

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HB Wealth Management LLC boosted its holdings in shares of Stanley Black & Decker by 67.8% during the 1st quarter. HB Wealth Management LLC now owns 4,515 shares of the industrial products company's stock worth $442,000 after purchasing an additional 1,824 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co increased its stake in shares of Stanley Black & Decker by 3.7% during the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 16,850 shares of the industrial products company's stock worth $1,650,000 after buying an additional 600 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Stanley Black & Decker by 6.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,784 shares of the industrial products company's stock valued at $2,819,000 after purchasing an additional 1,776 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Stanley Black & Decker by 2.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 207,233 shares of the industrial products company's stock worth $20,294,000 after buying an additional 5,299 shares during the last quarter. Finally, Allen Wealth Management LLC boosted its holdings in Stanley Black & Decker by 3.6% in the first quarter. Allen Wealth Management LLC now owns 15,067 shares of the industrial products company's stock valued at $1,476,000 after purchasing an additional 529 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

About Stanley Black & Decker

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.