Stanley Black & Decker (NYSE:SWK) Shares Gap Down - Here's Why

Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $102.92, but opened at $94.75. Stanley Black & Decker shares last traded at $91.36, with a volume of 1,001,682 shares changing hands.

Wall Street Analysts Forecast Growth

SWK has been the subject of several analyst reports. Wells Fargo & Company decreased their price objective on Stanley Black & Decker from $110.00 to $104.00 and set an "equal weight" rating for the company in a report on Monday, October 7th. StockNews.com upgraded shares of Stanley Black & Decker from a "hold" rating to a "buy" rating in a research note on Monday. Barclays raised 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. UBS Group upped their price target on Stanley Black & Decker from $110.00 to $121.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an "underweight" rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $104.43.

Stanley Black & Decker Price Performance

The company has a current ratio of 1.27, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64. The stock has a market cap of $14.46 billion, a P/E ratio of -46.93, a PEG ratio of 2.71 and a beta of 1.24. The company has a 50 day simple moving average of $103.68 and a 200 day simple moving average of $93.74.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.25. The company had revenue of $4.02 billion for the quarter, compared to analysts' expectations of $4.02 billion. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The firm's revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.11) EPS. Sell-side analysts forecast that Stanley Black & Decker, Inc. will post 4.18 earnings per share for the current fiscal 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 is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a yield of 3.49%. Stanley Black & Decker's dividend payout ratio is presently -169.07%.

Insider Transactions at Stanley Black & Decker

In related news, SVP Janet Link sold 13,520 shares of the business's stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $103.91, for a total value of $1,404,863.20. Following the transaction, the senior vice president now owns 31,960 shares in the company, valued at approximately $3,320,963.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.60% of the company's stock.

Institutional Trading of Stanley Black & Decker

A number of hedge funds have recently made changes to their positions in SWK. Olstein Capital Management L.P. grew its position in Stanley Black & Decker by 5.9% during the 1st quarter. Olstein Capital Management L.P. now owns 72,000 shares of the industrial products company's stock worth $7,051,000 after acquiring an additional 4,000 shares during the last quarter. Abundance Wealth Counselors raised its holdings in shares of Stanley Black & Decker by 10.3% during the 1st quarter. Abundance Wealth Counselors now owns 6,335 shares of the industrial products company's stock worth $620,000 after acquiring an additional 591 shares during the period. HB Wealth Management LLC lifted its stake in Stanley Black & Decker by 67.8% in the first quarter. HB Wealth Management LLC now owns 4,515 shares of the industrial products company's stock worth $442,000 after acquiring an additional 1,824 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co raised its position in Stanley Black & Decker by 3.7% during the 1st 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 last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Stanley Black & Decker by 6.6% in the first 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 buying an additional 1,776 shares during the last quarter. 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.