Stanley Black & Decker (NYSE:SWK) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Stanley Black & Decker (NYSE:SWK) from a buy rating to a hold rating in a report published on Sunday.

A number of other brokerages also recently commented on SWK. Robert W. Baird lifted their target price on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Wells Fargo & Company lifted their target price on shares of Stanley Black & Decker from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Monday, October 6th. Barclays reduced their target price on shares of Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. Wolfe Research raised shares of Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, July 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $88.10.

Stanley Black & Decker Stock Performance

SWK opened at $70.87 on Friday. The firm has a market capitalization of $10.97 billion, a PE ratio of 22.50, a PEG ratio of 1.44 and a beta of 1.19. Stanley Black & Decker has a twelve month low of $53.91 and a twelve month high of $105.30. The firm’s 50-day moving average price is $74.05 and its 200 day moving average price is $68.89. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share for the quarter. The firm had revenue of $3.72 billion for the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. As a group, sell-side analysts expect that Stanley Black & Decker will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $0.83 dividend. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.7%. Stanley Black & Decker’s payout ratio is presently 105.40%.

Institutional Investors Weigh In On Stanley Black & Decker

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Stanley Black & Decker by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 18,663,999 shares of the industrial products company’s stock valued at $1,264,486,000 after acquiring an additional 91,016 shares during the period. State Street Corp grew its holdings in shares of Stanley Black & Decker by 2.3% in the second quarter. State Street Corp now owns 9,423,438 shares of the industrial products company’s stock valued at $638,438,000 after purchasing an additional 215,960 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Stanley Black & Decker by 1.7% in the second quarter. Geode Capital Management LLC now owns 3,965,007 shares of the industrial products company’s stock valued at $268,110,000 after purchasing an additional 65,327 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Stanley Black & Decker by 59.8% in the first quarter. Ameriprise Financial Inc. now owns 3,541,878 shares of the industrial products company’s stock valued at $272,294,000 after purchasing an additional 1,326,113 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Stanley Black & Decker by 2.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,182,343 shares of the industrial products company’s stock valued at $215,604,000 after purchasing an additional 63,132 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other 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.