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

Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report) has been given an average rating of "Hold" by the ten analysts that are covering the firm, MarketBeat Ratings 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 12-month price target among analysts that have issued ratings on the stock in the last year is $92.10.

SWK has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Wells Fargo & Company raised their price objective on shares of Stanley Black & Decker from $60.00 to $70.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Robert W. Baird raised their price objective on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Barclays raised shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $69.00 to $90.00 in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a report on Monday, May 5th.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK traded down $1.71 during trading on Monday, reaching $69.39. 2,155,494 shares of the company traded hands, compared to its average volume of 2,011,678. The firm has a 50 day simple moving average of $66.33 and a 200-day simple moving average of $74.27. The company has a quick ratio of 0.36, a current ratio of 1.10 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $10.74 billion, a PE ratio of 28.79, a P/E/G ratio of 1.36 and a beta of 1.18. Stanley Black & Decker has a 52-week low of $53.91 and a 52-week high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.07. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.73 billion. Stanley Black & Decker had a net margin of 2.40% and a return on equity of 7.85%. The business's quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.56 EPS. Equities research analysts anticipate that Stanley Black & Decker will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend was Tuesday, June 3rd. Stanley Black & Decker's payout ratio is 136.10%.

Institutional Investors Weigh In On Stanley Black & Decker

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SWK. Capital Research Global Investors raised its stake in Stanley Black & Decker by 126.5% during the 4th quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock worth $440,424,000 after acquiring an additional 3,063,114 shares during the period. Norges Bank bought a new stake in shares of Stanley Black & Decker during the fourth quarter valued at approximately $117,231,000. Ameriprise Financial Inc. raised its position in shares of Stanley Black & Decker by 59.8% during the first quarter. Ameriprise Financial Inc. now owns 3,541,878 shares of the industrial products company's stock valued at $272,294,000 after buying an additional 1,326,113 shares during the last quarter. Vulcan Value Partners LLC bought a new stake in shares of Stanley Black & Decker during the first quarter valued at approximately $72,063,000. Finally, Invesco Ltd. raised its position in shares of Stanley Black & Decker by 22.6% during the fourth quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company's stock valued at $332,336,000 after buying an additional 763,219 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

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.