Stanley Black & Decker (NYSE:SWK) Given New $90.00 Price Target at Wells Fargo & Company

Stanley Black & Decker (NYSE:SWK - Free Report) had its price target decreased by Wells Fargo & Company from $95.00 to $90.00 in a research report released on Tuesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the industrial products company's stock.

A number of other research firms have also commented on SWK. Barclays lifted their target price on Stanley Black & Decker from $96.00 to $100.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 2nd. Mizuho upgraded shares of Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 price objective on the stock in a research report on Thursday, December 19th. Robert W. Baird decreased 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, October 30th. The Goldman Sachs Group increased 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 note on Thursday, October 10th. Finally, Morgan Stanley cut their target price 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $102.00.

Stanley Black & Decker Stock Down 1.3 %

Shares of NYSE SWK traded down $1.09 during trading on Tuesday, reaching $81.56. The company had a trading volume of 1,280,013 shares, compared to its average volume of 1,268,578. The business's 50-day moving average is $86.13 and its 200 day moving average is $93.30. 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 $12.57 billion, a PE ratio of -59.53, a P/E/G ratio of 2.24 and a beta of 1.24. Stanley Black & Decker has a 12-month low of $77.70 and a 12-month high of $110.88.

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, 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 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 business earned $1.05 EPS. Stanley Black & Decker's revenue was down 5.1% compared to the same quarter last year. As a group, equities analysts forecast 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 announced 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 4.02%. The ex-dividend date of this dividend was Friday, November 29th. Stanley Black & Decker's dividend payout ratio is currently -239.42%.

Hedge Funds Weigh In On Stanley Black & Decker

Hedge funds and other institutional investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund grew its position in shares of Stanley Black & Decker by 0.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 13,200 shares of the industrial products company's stock valued at $1,055,000 after purchasing an additional 100 shares in the last quarter. TD Asset Management Inc boosted its position in shares of Stanley Black & Decker by 2.3% during the 2nd quarter. TD Asset Management Inc now owns 58,361 shares of the industrial products company's stock valued at $4,662,000 after acquiring an additional 1,290 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of Stanley Black & Decker by 24.8% in the second quarter. National Bank of Canada FI now owns 43,384 shares of the industrial products company's stock valued at $3,373,000 after purchasing an additional 8,619 shares in the last quarter. Victory Capital Management Inc. increased its position in Stanley Black & Decker by 49.0% in the second quarter. Victory Capital Management Inc. now owns 104,130 shares of the industrial products company's stock worth $8,319,000 after purchasing an additional 34,234 shares during the last quarter. Finally, Savant Capital LLC raised its stake in Stanley Black & Decker by 221.8% during the second quarter. Savant Capital LLC now owns 13,704 shares of the industrial products company's stock valued at $1,095,000 after purchasing an additional 9,446 shares in the last quarter. 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.