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

Stanley Black & Decker, Inc. (NYSE:SWK) has received a consensus rating of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $91.10.

SWK has been the topic of a number of recent research reports. Robert W. Baird lifted their price target on Stanley Black & Decker from $65.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. UBS Group cut their target price on shares of Stanley Black & Decker from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, May 13th. Wells Fargo & Company upped their price target on shares of Stanley Black & Decker from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 30th. Wolfe Research raised shares of Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, July 8th. Finally, Barclays reduced their price objective on shares of Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK opened at $68.68 on Friday. Stanley Black & Decker has a one year low of $53.91 and a one year high of $110.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34. The company has a market cap of $10.63 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 1.51 and a beta of 1.16. The firm has a 50 day simple moving average of $68.66 and a 200 day simple moving average of $72.64.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.70. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the business earned $1.09 earnings per share. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. Research analysts predict that Stanley Black & Decker will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $0.83 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.8%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.82. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 104.13%.

Institutional Investors Weigh In On Stanley Black & Decker

Institutional investors and hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its holdings in shares of Stanley Black & Decker by 1.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,413,913 shares of the industrial products company’s stock worth $1,478,454,000 after buying an additional 246,800 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Stanley Black & Decker by 126.5% during the 4th quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company’s stock valued at $440,424,000 after acquiring an additional 3,063,114 shares during the period. Invesco Ltd. boosted its stake in Stanley Black & Decker by 22.6% during the fourth quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company’s stock worth $332,336,000 after acquiring an additional 763,219 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Stanley Black & Decker by 0.5% in the fourth quarter. Wells Fargo & Company MN now owns 3,895,026 shares of the industrial products company’s stock worth $312,732,000 after purchasing an additional 18,778 shares during the period. Finally, Geode Capital Management LLC increased its stake in Stanley Black & Decker by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 3,755,653 shares of the industrial products company’s stock valued at $300,756,000 after purchasing an additional 175,801 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

About Stanley Black & Decker

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.