UBS Group Has Lowered Expectations for Stanley Black & Decker (NYSE:SWK) Stock Price

Stanley Black & Decker (NYSE:SWK) had its target price reduced by UBS Group from $120.00 to $100.00 in a report released on Tuesday, MarketBeat reports. UBS Group currently has a buy rating on the industrial products company’s stock.

SWK has been the subject of several other reports. Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price objective for the company. Barclays upgraded shares of Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $69.00 to $90.00 in a research note on Tuesday. JPMorgan Chase & Co. lowered 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 research note on Monday, May 5th. Robert W. Baird raised their price objective on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Finally, Wells Fargo & Company lowered their price objective 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, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $91.10.

Stanley Black & Decker Trading Down 1.6%

Shares of NYSE:SWK opened at $70.70 on Tuesday. The company has a market cap of $10.94 billion, a PE ratio of 36.44, a P/E/G ratio of 1.33 and a beta of 1.19. The company’s 50-day moving average price is $67.63 and its 200 day moving average price is $79.69. Stanley Black & Decker has a fifty-two week low of $53.91 and a fifty-two week high of $110.88. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share for the quarter, beating the consensus estimate 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 1.92% and a return on equity of 7.50%. Stanley Black & Decker’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the firm posted $0.56 EPS. Sell-side analysts anticipate that Stanley Black & Decker will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be given a $0.82 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $3.28 annualized dividend and a yield of 4.64%. Stanley Black & Decker’s dividend payout ratio (DPR) is 136.10%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Americana Partners LLC grew its position in Stanley Black & Decker by 180.5% during the 4th quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company’s stock worth $9,064,000 after purchasing an additional 72,637 shares in the last quarter. Avanza Fonder AB purchased a new position in Stanley Black & Decker during the 4th quarter worth approximately $1,287,000. Cascade Investment Advisors Inc. purchased a new position in Stanley Black & Decker during the 4th quarter worth approximately $1,076,000. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of 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 buying an additional 109,100 shares during the period. Finally, Barclays PLC boosted its stake in shares of Stanley Black & Decker by 30.9% during the 3rd quarter. Barclays PLC now owns 427,337 shares of the industrial products company’s stock valued at $47,061,000 after buying an additional 100,894 shares during the period. 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.