Stanley Black & Decker (NYSE:SWK) Hits New 12-Month Low Following Analyst Downgrade

Shares of Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday after Barclays lowered their price target on the stock from $94.00 to $86.00. Barclays currently has an equal weight rating on the stock. Stanley Black & Decker traded as low as $77.35 and last traded at $78.34, with a volume of 735268 shares. The stock had previously closed at $80.47.

SWK has been the subject of several other reports. Mizuho upgraded Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 price target for the company in a research note on Thursday, December 19th. UBS Group reduced their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They set a "buy" rating and a $103.00 price objective for the company. Wells Fargo & Company decreased their target price on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Finally, Citigroup cut their price target on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Stanley Black & Decker currently has an average rating of "Hold" and a consensus price target of $102.20.

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Institutional Trading of Stanley Black & Decker

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Stanley Black & Decker by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company's stock worth $1,540,445,000 after purchasing an additional 495,103 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Stanley Black & Decker by 1.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,413,913 shares of the industrial products company's stock worth $1,478,454,000 after acquiring an additional 246,800 shares in the last quarter. State Street Corp increased its position in shares of Stanley Black & Decker by 6.5% during the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company's stock worth $998,107,000 after acquiring an additional 549,531 shares during the period. Capital Research Global Investors boosted its holdings in shares of Stanley Black & Decker by 126.5% in the fourth quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock valued at $440,424,000 after purchasing an additional 3,063,114 shares during the period. Finally, Invesco Ltd. grew its stake in Stanley Black & Decker by 22.6% in the fourth quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company's stock worth $332,336,000 after purchasing an additional 763,219 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Trading Down 1.6 %

The firm has a market capitalization of $11.82 billion, a P/E ratio of 39.41, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25. The stock has a 50-day simple moving average of $85.03 and a two-hundred day simple moving average of $90.15. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. On average, equities research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date was Tuesday, March 4th. Stanley Black & Decker's payout ratio is currently 169.07%.

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 Outdoor and Industrial segments.