Brokerages Set Stanley Black & Decker, Inc. (NYSE:SWK) Price Target at $87.33

Stanley Black & Decker, Inc. (NYSE:SWK) has received a consensus recommendation of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $87.3333.

A number of equities research analysts recently weighed in on the stock. UBS Group dropped their price target on shares of Stanley Black & Decker from $105.00 to $98.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Morgan Stanley set a $88.00 price objective on Stanley Black & Decker in a report on Monday, December 22nd. Finally, Wells Fargo & Company raised their target price on shares of Stanley Black & Decker from $75.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 14th.

Stanley Black & Decker Price Performance

Shares of SWK stock opened at $81.04 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.35 and a debt-to-equity ratio of 0.52. The firm’s 50 day moving average is $75.73 and its 200-day moving average is $73.20. Stanley Black & Decker has a 1 year low of $53.91 and a 1 year high of $91.06. The firm has a market capitalization of $12.55 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 1.12 and a beta of 1.20.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.24. Stanley Black & Decker had a return on equity of 8.10% and a net margin of 2.89%.The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the company earned $1.22 EPS. The business’s quarterly revenue was up .1% compared to the same quarter last year. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.650 EPS. Sell-side analysts forecast that Stanley Black & Decker will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Monday, December 1st were paid a $0.83 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $3.32 annualized dividend and a dividend yield of 4.1%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 114.88%.

Hedge Funds Weigh In On Stanley Black & Decker

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Stanley Black & Decker in the second quarter valued at approximately $107,111,000. Ameriprise Financial Inc. raised its position in shares of Stanley Black & Decker by 49.5% in the third quarter. Ameriprise Financial Inc. now owns 4,379,653 shares of the industrial products company’s stock valued at $325,541,000 after buying an additional 1,450,170 shares in the last quarter. Freestone Grove Partners LP bought a new stake in shares of Stanley Black & Decker during the 3rd quarter valued at $95,602,000. Strive Asset Management LLC bought a new stake in Stanley Black & Decker during the third quarter worth about $78,480,000. Finally, Clean Energy Transition LLP boosted its position in shares of Stanley Black & Decker by 56.8% during the 3rd quarter. Clean Energy Transition LLP now owns 2,799,218 shares of the industrial products company’s stock worth $208,066,000 after acquiring an additional 1,013,756 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

About Stanley Black & Decker

Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.