Analysts Set Stanley Black & Decker, Inc. (NYSE:SWK) Target Price at $88.10

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have been given an average rating of “Hold” by the twelve brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $88.10.

Several brokerages recently commented on SWK. Jefferies Financial Group set a $86.00 price target on shares of Stanley Black & Decker and gave the stock a “buy” rating in a report on Monday, August 18th. Barclays cut their price target on shares of Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a report on Wednesday, October 8th. Morgan Stanley reaffirmed a “positive” rating and set a $80.00 target price on shares of Stanley Black & Decker in a report on Tuesday. Finally, Wells Fargo & Company upped their target price on shares of Stanley Black & Decker from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Monday, October 6th.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $67.79 on Wednesday. The firm has a market cap of $10.49 billion, a PE ratio of 21.52, a PEG ratio of 1.42 and a beta of 1.19. The firm has a fifty day moving average of $74.06 and a 200 day moving average of $68.86. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. Stanley Black & Decker has a one year low of $53.91 and a one year high of $106.54.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Thursday, June 30th. The industrial products company reported $2.85 EPS for the quarter. The company had revenue of $3.72 billion during the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. As a group, research analysts predict that Stanley Black & Decker will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.83 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.82. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.9%. Stanley Black & Decker’s payout ratio is currently 105.40%.

Institutional Investors Weigh In On Stanley Black & Decker

A number of large investors have recently modified their holdings of the business. Norges Bank acquired a new position in shares of Stanley Black & Decker during the 2nd quarter valued at about $107,111,000. Ameriprise Financial Inc. boosted its position in shares of Stanley Black & Decker by 59.8% during the 1st quarter. Ameriprise Financial Inc. now owns 3,541,878 shares of the industrial products company’s stock valued at $272,294,000 after acquiring an additional 1,326,113 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of Stanley Black & Decker by 129.5% during the 2nd quarter. Schroder Investment Management Group now owns 1,753,050 shares of the industrial products company’s stock valued at $118,769,000 after acquiring an additional 989,032 shares during the last quarter. Vulcan Value Partners LLC acquired a new position in shares of Stanley Black & Decker during the 1st quarter valued at about $72,063,000. Finally, ProShare Advisors LLC boosted its position in shares of Stanley Black & Decker by 38.8% during the 2nd quarter. ProShare Advisors LLC now owns 2,723,331 shares of the industrial products company’s stock valued at $184,506,000 after acquiring an additional 761,191 shares during the last quarter. Hedge funds and other institutional investors 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.