Morgan Stanley Has Lowered Expectations for Stanley Black & Decker (NYSE:SWK) Stock Price

Stanley Black & Decker (NYSE:SWK - Free Report) had its price objective lowered by Morgan Stanley from $107.00 to $98.00 in a research report report published on Wednesday morning, Benzinga reports. The firm currently has an equal weight rating on the industrial products company's stock.

Several other research firms have also recently issued reports on SWK. 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 report on Wednesday, October 2nd. 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. Robert W. Baird lowered their target price on shares of Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating for the company in a research note on Wednesday. The Goldman Sachs Group increased their target price on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an "underweight" rating in a research note on Monday, August 5th. One equities 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $102.29.

Stanley Black & Decker Price Performance

Shares of NYSE SWK traded down $0.03 during mid-day trading on Wednesday, reaching $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 1-year low of $77.70 and a 1-year high of $110.88. The stock has a market capitalization 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 stock has a 50-day moving average of $103.52 and a two-hundred day moving average of $93.75. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.27.

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 (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The firm had revenue of $3.75 billion during the quarter, compared to analysts' expectations of $3.80 billion. During the same period last year, the business earned $1.05 earnings per share. Stanley Black & Decker's revenue was down 5.1% compared to the same quarter last year. On average, equities research analysts anticipate that Stanley Black & Decker will post 4.18 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

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

Insider Activity

In other news, SVP Janet Link sold 13,520 shares of the firm's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total value of $1,404,863.20. Following the completion of the transaction, the senior vice president now owns 31,960 shares of the company's stock, valued at approximately $3,320,963.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Rise Advisors LLC lifted its stake in Stanley Black & Decker by 99.3% in the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company's stock worth $29,000 after acquiring an additional 133 shares during the last quarter. AlphaMark Advisors LLC purchased a new position in Stanley Black & Decker in the second quarter worth approximately $32,000. EverSource Wealth Advisors LLC lifted its stake in Stanley Black & Decker by 81.4% in the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company's stock worth $42,000 after acquiring an additional 237 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Stanley Black & Decker during the second quarter worth approximately $56,000. Finally, Waldron Private Wealth LLC acquired a new stake in Stanley Black & Decker during the third quarter worth approximately $59,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

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.