Stanley Black & Decker, Inc. (NYSE:SWK) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have received an average recommendation of “Hold” from the ten research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $91.10.

Several research analysts have weighed in on the company. Jefferies Financial Group assumed coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They set a “buy” rating and a $103.00 target price on the stock. Robert W. Baird lifted their target price on Stanley Black & Decker from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st. Wells Fargo & Company reduced their target price on Stanley Black & Decker from $70.00 to $60.00 and set an “equal weight” rating on the stock in a report on Thursday, May 1st. Barclays upgraded Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $69.00 to $90.00 in a report on Tuesday, May 13th. Finally, UBS Group reduced their target price on Stanley Black & Decker from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, May 13th.

Stanley Black & Decker Stock Up 0.7%

NYSE:SWK opened at $65.74 on Thursday. Stanley Black & Decker has a 12-month low of $53.91 and a 12-month high of $110.88. 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 market capitalization of $10.17 billion, a P/E ratio of 33.89, a P/E/G ratio of 1.33 and a beta of 1.18. The stock’s fifty day simple moving average is $63.98 and its 200-day simple moving average is $75.97.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.07. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same period last year, the company earned $0.56 EPS. The firm’s revenue was down 3.2% on a year-over-year basis. Equities research analysts expect that Stanley Black & Decker will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 4.99%. The ex-dividend date is Tuesday, June 3rd. Stanley Black & Decker’s dividend payout ratio is 136.10%.

Institutional Trading of Stanley Black & Decker

Several hedge funds and other institutional investors have recently modified their holdings of SWK. Americana Partners LLC increased its position in shares of Stanley Black & Decker by 180.5% in the fourth quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company’s stock valued at $9,064,000 after acquiring an additional 72,637 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Stanley Black & Decker by 0.4% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 71,949 shares of the industrial products company’s stock valued at $5,777,000 after acquiring an additional 269 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Stanley Black & Decker by 14.0% in the fourth quarter. Wellington Management Group LLP now owns 9,673 shares of the industrial products company’s stock valued at $777,000 after acquiring an additional 1,188 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of Stanley Black & Decker by 92.2% in the fourth quarter. Sanctuary Advisors LLC now owns 13,117 shares of the industrial products company’s stock valued at $1,053,000 after acquiring an additional 6,291 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its position in shares of Stanley Black & Decker by 14.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 2,697 shares of the industrial products company’s stock valued at $217,000 after acquiring an additional 337 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

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.