Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $62.67, but opened at $70.50. Stanley Black & Decker shares last traded at $72.73, with a volume of 1,454,249 shares trading hands.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. Barclays reduced their price target on Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Wells Fargo & Company reduced their price target 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. Robert W. Baird upped their price objective on Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. cut their price objective on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a research note on Monday, May 5th. Finally, UBS Group cut their price objective on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. 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 company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $92.70.
Read Our Latest Report on SWK
Stanley Black & Decker Price Performance
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 business has a 50-day moving average price of $68.75 and a two-hundred day moving average price of $80.21. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 37.67, a PEG ratio of 1.33 and a beta of 1.19.
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, topping analysts' consensus estimates 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 business had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.73 billion. During the same period in the prior year, the firm earned $0.56 EPS. The business's quarterly revenue was down 3.2% on a year-over-year basis. As a group, research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.
Stanley Black & Decker Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend is Tuesday, June 3rd. Stanley Black & Decker's dividend payout ratio is currently 136.10%.
Institutional Trading of Stanley Black & Decker
Large investors have recently added to or reduced their stakes in the business. Americana Partners LLC increased its position in Stanley Black & Decker by 180.5% in the 4th 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 period. Harbor Capital Advisors Inc. bought a new position in Stanley Black & Decker during the 4th quarter valued at $1,386,000. Avanza Fonder AB bought a new position in Stanley Black & Decker during the 4th quarter valued at $1,287,000. Cascade Investment Advisors Inc. bought a new position in Stanley Black & Decker during the 4th quarter valued at $1,076,000. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in Stanley Black & Decker by 7.3% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,594,895 shares of the industrial products company's stock valued at $128,054,000 after purchasing an additional 109,100 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.
Stanley Black & Decker Company Profile
(
Get Free Report)
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.
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