Stanley Black & Decker (NYSE:SWK) Shares Gap Down to $91.90

Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $91.90, but opened at $84.65. Stanley Black & Decker shares last traded at $84.53, with a volume of 1,615,152 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SWK shares. Robert W. Baird cut their price target on shares of Stanley Black & Decker from $82.00 to $80.00 and set a "neutral" rating on the stock in a report on Thursday, April 18th. Barclays upped their price target on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the stock an "overweight" rating in a report on Tuesday, April 2nd. Wells Fargo & Company cut their price target on shares of Stanley Black & Decker from $105.00 to $95.00 and set an "equal weight" rating on the stock in a report on Friday, February 2nd. Finally, JPMorgan Chase & Co. cut their price target on shares of Stanley Black & Decker from $89.00 to $80.00 and set an "underweight" rating on the stock in a report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $98.11.

Stanley Black & Decker Stock Down 7.5 %

The firm has a market cap of $13.07 billion, a PE ratio of -40.88, a P/E/G ratio of 2.46 and a beta of 1.33. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. The business's 50-day simple moving average is $91.72 and its 200 day simple moving average is $91.28.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.19. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The business had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.84 billion. During the same period last year, the business earned ($0.10) EPS. The company's revenue was down 6.3% compared to the same quarter last year. As a group, equities research analysts expect that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Friday, May 31st. Stanley Black & Decker's dividend payout ratio is currently -155.77%.

Institutional Trading of Stanley Black & Decker

A number of institutional investors have recently bought and sold shares of the stock. Mutual of America Capital Management LLC boosted its stake in Stanley Black & Decker by 2.9% in the 1st quarter. Mutual of America Capital Management LLC now owns 49,105 shares of the industrial products company's stock worth $4,809,000 after purchasing an additional 1,381 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Stanley Black & Decker by 13.6% in the 1st quarter. Daiwa Securities Group Inc. now owns 22,257 shares of the industrial products company's stock worth $2,180,000 after purchasing an additional 2,668 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in Stanley Black & Decker by 6.7% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,702 shares of the industrial products company's stock valued at $460,000 after acquiring an additional 297 shares during the period. Allen Wealth Management LLC lifted its stake in Stanley Black & Decker by 3.6% during the 1st quarter. Allen Wealth Management LLC now owns 15,067 shares of the industrial products company's stock valued at $1,476,000 after acquiring an additional 529 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in Stanley Black & Decker by 2.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 207,233 shares of the industrial products company's stock valued at $20,294,000 after acquiring an additional 5,299 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

About Stanley Black & Decker

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.