Stanley Black & Decker, Inc. (NYSE:SWK) Given Consensus Rating of "Hold" by Analysts

Key Points

• Stanley Black & Decker, Inc. has received a consensus rating of "Hold" from analysts with an average target price of $88.10.
• The company increased its quarterly dividend to $0.83, resulting in an annualized dividend yield of 5.0%.
• Recent stock performance shows a 52-week low of $53.91 and a high of $109.91, with shares currently trading at $67.05.

Shares of Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report) have earned an average recommendation of "Hold" from the twelve brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $88.10.

Several equities analysts recently commented on SWK shares. Barclays reduced their target price on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Wells Fargo & Company upped their price objective on Stanley Black & Decker from $75.00 to $80.00 and gave the stock an "equal weight" rating in a report on Monday, October 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of Stanley Black & Decker in a report on Wednesday, October 8th. Wolfe Research upgraded Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. Finally, Wall Street Zen upgraded Stanley Black & Decker from a "hold" rating to a "buy" rating in a report on Saturday.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $67.05 on Wednesday. Stanley Black & Decker has a 52 week low of $53.91 and a 52 week high of $109.91. The business has a 50-day simple moving average of $74.11 and a 200 day simple moving average of $68.99. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. The stock has a market cap of $10.38 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 1.35 and a beta of 1.19.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its earnings results on Thursday, June 30th. The industrial products company reported $2.85 EPS for the quarter. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The business had revenue of $3.72 billion during the quarter. On average, research analysts forecast that Stanley Black & Decker will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Tuesday, September 2nd. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. Stanley Black & Decker's dividend payout ratio (DPR) is currently 105.40%.

Hedge Funds Weigh In On Stanley Black & Decker

Hedge funds and other institutional investors have recently modified their holdings of the company. Golden State Wealth Management LLC boosted its holdings in Stanley Black & Decker by 1,138.5% during the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 296 shares during the period. Princeton Global Asset Management LLC purchased a new stake in Stanley Black & Decker during the 2nd quarter valued at about $25,000. 1248 Management LLC purchased a new stake in Stanley Black & Decker during the 1st quarter valued at about $26,000. Chapman Financial Group LLC purchased a new stake in Stanley Black & Decker during the 2nd quarter valued at about $26,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in Stanley Black & Decker during the 2nd quarter valued at about $28,000. 87.77% of the stock is currently 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.

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