Stanley Black & Decker, Inc. (NYSE:SWK) Receives $91.10 Average PT from Brokerages

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%.

Shares of Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report) have been assigned an average recommendation of "Hold" from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $91.10.

Several equities research analysts have recently issued reports on the stock. Barclays decreased their price target on shares of Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. The Goldman Sachs Group restated a "neutral" rating and set a $80.00 price target on shares of Stanley Black & Decker in a research note on Wednesday. Robert W. Baird raised their price target 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. UBS Group decreased their price target on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a research note on Monday, May 5th.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock traded up $0.69 during mid-day trading on Friday, hitting $67.67. 440,311 shares of the stock were exchanged, compared to its average volume of 2,453,317. Stanley Black & Decker has a 12 month low of $53.91 and a 12 month high of $110.88. The company has a 50-day simple moving average of $68.48 and a 200 day simple moving average of $72.92. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. The company has a market capitalization of $10.47 billion, a P/E ratio of 21.45, a P/E/G ratio of 1.47 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its earnings results 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. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The firm had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $4.01 billion. During the same quarter last year, the firm earned $1.09 EPS. The company's quarterly revenue was down 6.2% compared to the same quarter last year. Sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.83 per share. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date is Tuesday, September 2nd. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.9%. Stanley Black & Decker's dividend payout ratio (DPR) is presently 104.13%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Golden State Wealth Management LLC lifted its holdings in shares of 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 worth $25,000 after acquiring an additional 296 shares during the last quarter. 1248 Management LLC bought a new stake in Stanley Black & Decker in the first quarter worth $26,000. Princeton Global Asset Management LLC bought a new stake in Stanley Black & Decker in the second quarter worth $25,000. Hanson & Doremus Investment Management bought a new stake in Stanley Black & Decker in the first quarter worth $31,000. Finally, TD Private Client Wealth LLC lifted its stake in 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 purchasing an additional 382 shares during the last quarter. 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.