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

Shares of Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report) have been assigned a consensus recommendation of "Hold" from the ten research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $91.10.

Several equities analysts have recently commented on the company. UBS Group lowered their target price on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Barclays upgraded Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $69.00 to $90.00 in a research report on Tuesday, May 13th. Jefferies Financial Group started coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They set a "buy" rating and a $103.00 target price for the company. Robert W. Baird upped their price target on Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Finally, Wells Fargo & Company cut their price objective on Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st.

Stanley Black & Decker Stock Down 1.1%

SWK traded down $0.78 on Thursday, reaching $67.35. The company's stock had a trading volume of 2,087,490 shares, compared to its average volume of 1,966,498. Stanley Black & Decker has a 1 year low of $53.91 and a 1 year high of $110.88. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The stock has a market cap of $10.42 billion, a price-to-earnings ratio of 34.72, a price-to-earnings-growth ratio of 1.33 and a beta of 1.18. The business's 50 day moving average is $63.43 and its 200 day moving average is $76.67.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.07. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same period in the previous year, the company earned $0.56 earnings per share. Stanley Black & Decker's quarterly revenue was down 3.2% on a year-over-year basis. As a group, research analysts forecast that Stanley Black & Decker will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be given a $0.82 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.87%. Stanley Black & Decker's dividend payout ratio is currently 136.10%.

Hedge Funds Weigh In On Stanley Black & Decker

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Americana Partners LLC raised its stake in shares of Stanley Black & Decker by 180.5% in the fourth quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company's stock valued at $9,064,000 after acquiring an additional 72,637 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Stanley Black & Decker by 0.4% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 71,949 shares of the industrial products company's stock worth $5,777,000 after acquiring an additional 269 shares during the period. Wellington Management Group LLP grew its stake in shares of Stanley Black & Decker by 14.0% during the fourth quarter. Wellington Management Group LLP now owns 9,673 shares of the industrial products company's stock worth $777,000 after purchasing an additional 1,188 shares during the period. Sanctuary Advisors LLC boosted its stake in Stanley Black & Decker by 92.2% during the 4th quarter. Sanctuary Advisors LLC now owns 13,117 shares of the industrial products company's stock worth $1,053,000 after acquiring an additional 6,291 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its holdings in Stanley Black & Decker by 14.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 2,697 shares of the industrial products company's stock worth $217,000 after purchasing an additional 337 shares during the period. 87.77% of the stock is owned by institutional investors.

About Stanley Black & Decker

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.