Stanley Black & Decker, Inc. (NYSE:SWK) Receives $102.20 Average Target Price from Analysts

Stanley Black & Decker, Inc. (NYSE:SWK) has earned an average recommendation of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $102.20.

Several equities research analysts have recently commented on SWK shares. Jefferies Financial Group initiated coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a “buy” rating and a $103.00 target price for the company. UBS Group cut their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Barclays lowered their price target on shares of Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. Citigroup cut their price objective on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Wells Fargo & Company lowered their target price on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th.

Institutional Investors Weigh In On Stanley Black & Decker

Several large investors have recently modified their holdings of the business. Thrivent Financial for Lutherans raised its holdings in Stanley Black & Decker by 29.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 8,424 shares of the industrial products company’s stock worth $927,000 after buying an additional 1,933 shares during the period. Pathstone Holdings LLC increased its position in shares of Stanley Black & Decker by 4.6% during the third quarter. Pathstone Holdings LLC now owns 12,821 shares of the industrial products company’s stock worth $1,412,000 after acquiring an additional 560 shares in the last quarter. Cerity Partners LLC lifted its position in Stanley Black & Decker by 106.3% in the 3rd quarter. Cerity Partners LLC now owns 34,463 shares of the industrial products company’s stock valued at $3,795,000 after acquiring an additional 17,756 shares in the last quarter. Bank of Montreal Can boosted its stake in Stanley Black & Decker by 64.3% in the 3rd quarter. Bank of Montreal Can now owns 298,266 shares of the industrial products company’s stock worth $32,726,000 after purchasing an additional 116,754 shares during the period. Finally, Dai ichi Life Insurance Company Ltd bought a new position in Stanley Black & Decker during the 3rd quarter worth about $617,000. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock opened at $76.93 on Friday. Stanley Black & Decker has a 12-month low of $74.31 and a 12-month high of $110.88. The stock has a 50-day simple moving average of $84.49 and a 200 day simple moving average of $89.69. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $11.89 billion, a price-to-earnings ratio of 39.65, a P/E/G ratio of 1.33 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. On average, research analysts anticipate that Stanley Black & Decker will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 annualized dividend and a yield of 4.26%. Stanley Black & Decker’s dividend payout ratio is presently 169.07%.

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.