Stanley Black & Decker, Inc. (NYSE:SWK) Given Consensus Rating of “Hold” by Brokerages

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have been given an average recommendation of “Hold” by the ten research firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $98.11.

Several research firms have recently commented on SWK. Barclays increased their price objective on Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Wells Fargo & Company cut their price target on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Robert W. Baird cut their price target on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. cut their price target on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a report on Tuesday, February 6th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. First United Bank & Trust bought a new position in Stanley Black & Decker during the 4th quarter worth $25,000. Venturi Wealth Management LLC bought a new position in shares of Stanley Black & Decker in the third quarter worth $33,000. Quarry LP bought a new position in shares of Stanley Black & Decker in the fourth quarter worth $36,000. Achmea Investment Management B.V. bought a new position in shares of Stanley Black & Decker in the first quarter worth $36,000. Finally, ICA Group Wealth Management LLC bought a new position in shares of Stanley Black & Decker in the fourth quarter worth $37,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

NYSE SWK opened at $89.32 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.19 and a quick ratio of 0.39. Stanley Black & Decker has a 12 month low of $73.87 and a 12 month high of $104.21. The stock has a 50 day moving average of $91.46 and a 200-day moving average of $90.63.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.73 by $0.19. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.84 billion. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.10) EPS. As a group, equities analysts expect that Stanley Black & Decker will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend was Thursday, March 7th. Stanley Black & Decker’s payout ratio is -155.77%.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.