Stanley Black & Decker, Inc. (SWK) – What Are Researchers Saying About This Stock?

Stanley Black & Decker, Inc. (NYSE:SWK) has been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $94.11.

A number of research firms recently weighed in on SWK. Citigroup raised their price objective on Stanley Black & Decker from $100.00 to $107.00 and gave the company a “buy” rating in a research report on Friday, July 31st. The Goldman Sachs Group reissued a “neutral” rating and issued a $93.00 target price on shares of Stanley Black & Decker in a report on Wednesday, July 29th. Morgan Stanley set a $100.00 target price on Stanley Black & Decker in a research note on Tuesday, October 6th. Wall Street Zen downgraded Stanley Black & Decker from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 24th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Stanley Black & Decker in a report on Thursday.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Stanley Black & Decker in the 2nd quarter worth approximately $1,006,417,000. State Street Corp boosted its holdings in shares of Stanley Black & Decker by 5.0% in the second quarter. State Street Corp now owns 8,751,801 shares of the industrial products company’s stock worth $823,720,000 after buying an additional 416,614 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Stanley Black & Decker by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,976,851 shares of the industrial products company’s stock valued at $353,618,000 after buying an additional 92,573 shares during the period. Nykredit A S bought a new stake in Stanley Black & Decker during the second quarter valued at approximately $166,378,000. Finally, Confluence Investment Management LLC purchased a new stake in Stanley Black & Decker during the second quarter valued at approximately $126,909,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Trading Down 0.2%

NYSE SWK opened at $103.42 on Friday. The stock’s 50 day moving average is $93.44 and its 200 day moving average is $85.60. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $15.62 billion, a PE ratio of 25.22, a P/E/G ratio of 1.53 and a beta of 1.17. Stanley Black & Decker has a twelve month low of $61.90 and a twelve month high of $105.17.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.36. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. The firm had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the business earned $1.08 earnings per share. The business’s revenue was up .4% on a year-over-year basis. Research analysts forecast that Stanley Black & Decker will post 5.59 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Tuesday, December 1st will be given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, December 1st. Stanley Black & Decker’s dividend payout ratio is 81.95%.

About Stanley Black & Decker

Stanley Black & Decker, Inc is a global manufacturer of tools, outdoor products and related equipment. The company serves professional contractors, industrial customers, do-it-yourself consumers and outdoor enthusiasts through a portfolio that includes power tools, hand tools, storage solutions, accessories, lawn and garden equipment, and other outdoor products.

Its brands include DEWALT, CRAFTSMAN, STANLEY, BLACK+DECKER, Cub Cadet, Hustler and Troy-Bilt. Products are sold through retailers, distributors, e-commerce channels and other commercial outlets, supporting construction, maintenance, manufacturing, automotive repair and residential applications.

The company was formed in 2010 through the merger of The Stanley Works and The Black & Decker Corporation.