Stanley Black & Decker, Inc. (NYSE:SWK) Receives $102.29 Average Target Price from Analysts

Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $102.29.

A number of research firms have issued reports on SWK. StockNews.com lowered shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th. UBS Group increased their price objective on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Wells Fargo & Company dropped their price objective on shares of Stanley Black & Decker from $104.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 30th. Morgan Stanley dropped their price objective on shares of Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 30th. Finally, Barclays increased their price objective on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 2nd.

Stanley Black & Decker Trading Up 1.8 %

NYSE:SWK traded up $1.58 on Friday, hitting $89.25. The stock had a trading volume of 2,350,494 shares, compared to its average volume of 2,154,793. 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 market cap of $13.76 billion, a price-to-earnings ratio of -65.15, a PEG ratio of 2.37 and a beta of 1.25. The company has a fifty day moving average price of $100.13 and a two-hundred day moving average price of $93.84. Stanley Black & Decker has a 1-year low of $77.70 and a 1-year high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same period in the previous year, the business posted $1.05 EPS. Stanley Black & Decker's revenue was down 5.1% on a year-over-year basis. Equities research analysts expect that Stanley Black & Decker will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

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 paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker's dividend payout ratio is presently -239.42%.

Hedge Funds Weigh In On Stanley Black & Decker

A number of large investors have recently modified their holdings of SWK. Rise Advisors LLC grew its holdings in Stanley Black & Decker by 99.3% during 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 period. AlphaMark Advisors LLC acquired a new stake in Stanley Black & Decker in the second quarter valued at $32,000. EverSource Wealth Advisors LLC grew its holdings 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 valued at $42,000 after purchasing an additional 237 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Stanley Black & Decker in the second quarter valued at $56,000. Finally, Waldron Private Wealth LLC acquired a new stake in Stanley Black & Decker in the third quarter valued at $59,000. 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.