Stanley Black & Decker, Inc. (NYSE:SWK) Receives $102.20 Consensus PT from Brokerages

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have received an average rating of “Hold” from the ten analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $102.20.

A number of equities analysts have recently commented on the stock. Citigroup dropped their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price objective on the stock. UBS Group cut their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Wells Fargo & Company dropped their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a research note on Thursday, December 19th.

Hedge Funds Weigh In On Stanley Black & Decker

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ridgewood Investments LLC acquired a new position in Stanley Black & Decker during the fourth quarter worth $36,000. Cape Investment Advisory Inc. increased its position in shares of Stanley Black & Decker by 107.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 237 shares in the last quarter. Millstone Evans Group LLC bought a new position in Stanley Black & Decker during the 4th quarter valued at about $40,000. SRS Capital Advisors Inc. boosted its position in Stanley Black & Decker by 61.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after buying an additional 199 shares in the last quarter. Finally, Montag A & Associates Inc. bought a new stake in Stanley Black & Decker during the fourth quarter worth about $44,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Up 1.0 %

Stanley Black & Decker stock opened at $76.93 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. Stanley Black & Decker has a 1-year low of $74.31 and a 1-year high of $110.88. The firm’s fifty day simple moving average is $84.49 and its 200-day simple moving average is $89.69. The company has a market capitalization of $11.89 billion, a P/E ratio of 39.65, a P/E/G ratio of 1.33 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Sell-side analysts forecast that Stanley Black & Decker will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were paid a $0.82 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 4.26%. Stanley Black & Decker’s dividend payout ratio is currently 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.