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

Shares of Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report) have earned a consensus recommendation of "Hold" from the eight brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $103.25.

Several research analysts have weighed in on the stock. 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 note on Wednesday, October 30th. Mizuho upgraded Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 target price on the stock in a research note on Thursday. The Goldman Sachs Group lifted their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. StockNews.com cut shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird cut their price target on shares of Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock traded up $0.36 during midday trading on Thursday, hitting $79.43. The company's stock had a trading volume of 2,443,114 shares, compared to its average volume of 1,466,598. Stanley Black & Decker has a 12 month low of $77.70 and a 12 month high of $110.88. 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's 50-day moving average price is $92.54 and its 200-day moving average price is $93.55. The company has a market capitalization of $12.25 billion, a PE ratio of -57.98, a price-to-earnings-growth ratio of 2.24 and a beta of 1.23.

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 for the quarter, topping the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same period last year, the company posted $1.05 EPS. The company's revenue was down 5.1% compared to the same quarter last year. Analysts anticipate that Stanley Black & Decker will post 4.12 earnings per share for the current fiscal 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 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend was Friday, November 29th. Stanley Black & Decker's dividend payout ratio is -239.42%.

Institutional Trading of Stanley Black & Decker

Large investors have recently made changes to their positions in the company. Rise Advisors LLC lifted its position in shares of 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 purchasing an additional 133 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Stanley Black & Decker by 81.4% during 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 bought a new position in Stanley Black & Decker in the second quarter valued at approximately $56,000. Waldron Private Wealth LLC acquired a new position in Stanley Black & Decker during the third quarter worth $59,000. Finally, AM Squared Ltd bought a new position in shares of Stanley Black & Decker in the 2nd quarter valued at about $72,000. Institutional investors own 87.77% of the company's stock.

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.