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

Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report) has earned an average recommendation of "Hold" from the eight research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $101.25.

SWK has been the topic of several analyst reports. Barclays lowered their target price on Stanley Black & Decker from $100.00 to $94.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company dropped their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. The Goldman Sachs Group upped their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. StockNews.com lowered shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Finally, Morgan Stanley reduced their price objective on shares of Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 30th.

Institutional Trading of Stanley Black & Decker

A number of institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. grew its stake in Stanley Black & Decker by 49.0% in the 2nd quarter. Victory Capital Management Inc. now owns 104,130 shares of the industrial products company's stock valued at $8,319,000 after acquiring an additional 34,234 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Stanley Black & Decker during the 2nd quarter worth approximately $373,000. Choreo LLC acquired a new position in shares of Stanley Black & Decker during the 2nd quarter worth approximately $437,000. Daiwa Securities Group Inc. grew its holdings in Stanley Black & Decker by 6.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 23,612 shares of the industrial products company's stock valued at $1,886,000 after buying an additional 1,355 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Stanley Black & Decker by 12.2% during the second quarter. American Century Companies Inc. now owns 13,062 shares of the industrial products company's stock worth $1,044,000 after buying an additional 1,416 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $80.04 on Monday. The company's 50 day simple moving average is $85.15 and its 200-day simple moving average is $93.25. Stanley Black & Decker has a 12-month low of $77.70 and a 12-month high of $110.88. The firm has a market cap of $12.34 billion, a PE ratio of -58.42, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data 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. 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 earnings per share. Stanley Black & Decker's quarterly revenue was down 5.1% on a year-over-year basis. As a group, equities analysts predict that Stanley Black & Decker will post 4.12 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, November 29th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend was Friday, November 29th. Stanley Black & Decker's dividend payout ratio is currently -239.42%.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Storage segment, and Industrial segment.