Stanley Black & Decker (NYSE:SWK) Shares Gap Down to $91.90

Stanley Black & Decker, Inc. (NYSE:SWK)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $91.90, but opened at $84.65. Stanley Black & Decker shares last traded at $84.53, with a volume of 1,615,152 shares.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Robert W. Baird dropped their target price on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. JPMorgan Chase & Co. cut their target price on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 6th. Wells Fargo & Company reduced their target price on Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Barclays dropped their price target on Stanley Black & Decker from $107.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $97.00.

Stanley Black & Decker Stock Up 1.0 %

The firm has a fifty day moving average price of $91.64 and a 200 day moving average price of $91.23. The company has a quick ratio of 0.39, a current ratio of 1.09 and a debt-to-equity ratio of 0.63.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The business had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same period in the prior year, the company posted ($0.41) EPS. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, research analysts forecast that Stanley Black & Decker, Inc. will post 4.13 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 3.78%. The ex-dividend date is Friday, May 31st. Stanley Black & Decker’s payout ratio is currently -469.56%.

Institutional Trading of Stanley Black & Decker

Several large investors have recently bought and sold shares of SWK. Price T Rowe Associates Inc. MD boosted its position in shares of 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 worth $1,683,389,000 after buying an additional 279,866 shares in the last quarter. Clean Energy Transition LLP raised its position in Stanley Black & Decker by 13.8% during the third quarter. Clean Energy Transition LLP now owns 2,292,331 shares of the industrial products company’s stock worth $191,593,000 after acquiring an additional 277,507 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Stanley Black & Decker by 1.4% in the fourth quarter. Federated Hermes Inc. now owns 1,647,932 shares of the industrial products company’s stock valued at $161,662,000 after purchasing an additional 22,933 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in shares of Stanley Black & Decker by 1.4% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,527,842 shares of the industrial products company’s stock valued at $127,697,000 after purchasing an additional 20,792 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Stanley Black & Decker by 4.7% during the 3rd quarter. Northern Trust Corp now owns 1,495,531 shares of the industrial products company’s stock worth $124,996,000 after purchasing an additional 66,536 shares during the last quarter. Institutional investors and hedge funds 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.