Stanley Black & Decker (NYSE:SWK) Reaches New 52-Week Low - Should You Sell?

Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $74.31 and last traded at $76.94, with a volume of 1776888 shares traded. The stock had previously closed at $76.43.

Wall Street Analyst Weigh In

Several research firms have recently commented on SWK. Mizuho raised Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 target price for the company in a research note on Thursday, December 19th. UBS Group dropped their price objective on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a report on Friday, February 7th. Barclays reduced their target price on shares of Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Wells Fargo & Company cut 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 report on Tuesday, January 7th. Finally, Citigroup lowered their target price on shares of 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 given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Stanley Black & Decker currently has an average rating of "Hold" and an average target price of $102.20.

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Stanley Black & Decker Stock Down 15.9 %

The company has a market capitalization of $10.00 billion, a P/E ratio of 33.37, a P/E/G ratio of 1.33 and a beta of 1.25. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The firm has a fifty day simple moving average of $84.49 and a 200-day simple moving average of $89.69.

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

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date was Tuesday, March 4th. Stanley Black & Decker's payout ratio is presently 169.07%.

Institutional Trading of Stanley Black & Decker

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

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.