Stanley Black & Decker (NYSE:SWK) Hits New 1-Year Low - Here's Why

Shares of Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $58.43 and last traded at $59.94, with a volume of 7188185 shares trading hands. The stock had previously closed at $61.26.

Analyst Ratings Changes

Several research firms have weighed in on SWK. Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price target for the company. JPMorgan Chase & Co. lowered their price target on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a research report on Monday. UBS Group decreased their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a report on Friday, February 7th. Citigroup dropped their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, Wells Fargo & Company dropped their price target on shares of Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $92.70.

Stanley Black & Decker Stock Down 1.9 %

The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $9.10 billion, a PE ratio of 30.41, a P/E/G ratio of 1.33 and a beta of 1.14. The firm has a 50 day moving average of $70.65 and a two-hundred day moving average of $81.43.

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 for the quarter, beating analysts' consensus estimates of $0.68 by $0.07. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the business earned $0.56 EPS. Stanley Black & Decker's revenue for the quarter was down 3.2% on a year-over-year basis. Equities research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 5.57%. The ex-dividend date of this dividend is Tuesday, June 3rd. Stanley Black & Decker's dividend payout ratio (DPR) is 136.10%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Golden State Wealth Management LLC grew its holdings in shares of Stanley Black & Decker by 1,138.5% during the first quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock valued at $25,000 after buying an additional 296 shares in the last quarter. Hanson & Doremus Investment Management bought a new stake in shares of Stanley Black & Decker during the 1st quarter worth $31,000. TD Private Client Wealth LLC grew its holdings in Stanley Black & Decker by 830.4% in the 1st quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock valued at $33,000 after buying an additional 382 shares during the last quarter. Ridgewood Investments LLC bought a new stake in Stanley Black & Decker in the 4th quarter valued at $36,000. Finally, Cape Investment Advisory Inc. grew its position in Stanley Black & Decker by 107.2% during the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company's stock worth $37,000 after buying an additional 237 shares in the last quarter. Institutional investors and hedge funds 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.