Analysts Set Stanley Black & Decker, Inc. (NYSE:SWK) PT at $91.10

Key Points

• Stanley Black & Decker has received a consensus recommendation of "Hold" from eleven research firms, with one analyst rating it as a sell, five as hold, and five as buy.
• The company reported $1.08 earnings per share for the last quarter, exceeding the consensus estimate of $0.38, while revenues fell 6.2% year-over-year.
• Stanley Black & Decker recently raised its quarterly dividend to $0.83 per share, reflecting a 4.9% yield and a dividend payout ratio of 136.10%.

Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report) has been given a consensus rating of "Hold" by the eleven research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $91.10.

A number of analysts recently commented on SWK shares. UBS Group decreased their price target on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Barclays decreased their price target on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company in a research report on Wednesday. Wall Street Zen downgraded Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Wells Fargo & Company increased their price target on Stanley Black & Decker from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday. Finally, Robert W. Baird increased their price target on Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd.

Hedge Funds Weigh In On Stanley Black & Decker

Large investors have recently made changes to their positions in the stock. Golden State Wealth Management LLC boosted its holdings in shares of Stanley Black & Decker by 1,138.5% in the first quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock worth $25,000 after acquiring an additional 296 shares during the period. 1248 Management LLC bought a new position in shares of Stanley Black & Decker in the first quarter worth $26,000. Princeton Global Asset Management LLC bought a new position in shares of Stanley Black & Decker in the second quarter worth $25,000. Hanson & Doremus Investment Management bought a new position in shares of Stanley Black & Decker in the first quarter worth $31,000. Finally, TD Private Client Wealth LLC boosted its holdings in shares of Stanley Black & Decker by 830.4% in the first quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock worth $33,000 after acquiring an additional 382 shares during the period. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Stock Down 1.0%

Shares of Stanley Black & Decker stock traded down $0.67 on Friday, hitting $66.98. The company had a trading volume of 2,193,353 shares, compared to its average volume of 2,234,789. The stock has a market capitalization of $10.37 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.49 and a beta of 1.16. Stanley Black & Decker has a 1 year low of $53.91 and a 1 year high of $110.88. The stock has a 50 day moving average of $68.45 and a 200-day moving average of $73.18. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.36 and a current ratio of 1.04.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.38 by $0.70. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.01 billion. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%. The company's quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.09 earnings per share. As a group, sell-side analysts forecast that Stanley Black & Decker will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a $0.83 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 dividend on an annualized basis and a dividend yield of 5.0%. Stanley Black & Decker's dividend payout ratio is 136.10%.

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.