Stanley Black & Decker (NYSE:SWK) Given New $80.00 Price Target at Robert W. Baird

Stanley Black & Decker (NYSE:SWK) had its price objective reduced by Robert W. Baird from $82.00 to $80.00 in a report issued on Thursday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the industrial products company’s stock.

SWK has been the subject of a number of other research reports. Barclays boosted their price objective on Stanley Black & Decker from $105.00 to $107.00 and gave the company an overweight rating in a research report on Tuesday, April 2nd. Wells Fargo & Company cut their price objective on shares of Stanley Black & Decker from $105.00 to $95.00 and set an equal weight rating on the stock in a research note on Friday, February 2nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Stanley Black & Decker from $89.00 to $80.00 and set an underweight rating on the stock in a research note on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $98.11.

Stanley Black & Decker Stock Down 0.0 %

Shares of NYSE SWK opened at $89.32 on Thursday. The business has a 50 day simple moving average of $91.45 and a 200-day simple moving average of $90.57. Stanley Black & Decker has a twelve month low of $73.87 and a twelve month high of $104.21. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.19. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.84 billion. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the firm posted ($0.10) EPS. Analysts expect that Stanley Black & Decker will post 4.12 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were given a $0.81 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $3.24 annualized dividend and a dividend yield of 3.63%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -155.77%.

Institutional Trading of Stanley Black & Decker

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Stanley Black & Decker by 17.5% in the 1st quarter. Vanguard Group Inc. now owns 18,623,594 shares of the industrial products company’s stock valued at $2,603,393,000 after purchasing an additional 2,774,661 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Stanley Black & Decker by 1.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,159,917 shares of the industrial products company’s stock valued at $1,683,389,000 after buying an additional 279,866 shares during the period. State Street Corp lifted its position in Stanley Black & Decker by 8.0% in the 1st quarter. State Street Corp now owns 11,785,161 shares of the industrial products company’s stock worth $949,648,000 after buying an additional 874,617 shares in the last quarter. Moneta Group Investment Advisors LLC grew its holdings in shares of Stanley Black & Decker by 113,894.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,804,886 shares of the industrial products company’s stock valued at $360,943,000 after acquiring an additional 4,800,671 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of Stanley Black & Decker by 7.6% in the fourth quarter. Morgan Stanley now owns 3,385,536 shares of the industrial products company’s stock worth $254,322,000 after acquiring an additional 239,650 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.