Stanley Black & Decker (NYSE:SWK) Upgraded to “Overweight” at Barclays

Barclays upgraded shares of Stanley Black & Decker (NYSE:SWK) from an equal weight rating to an overweight rating in a report released on Tuesday, MarketBeat Ratings reports. Barclays currently has $90.00 target price on the industrial products company’s stock, up from their previous target price of $69.00.

SWK has been the subject of several other research reports. Wells Fargo & Company decreased their price target on shares of Stanley Black & Decker from $70.00 to $60.00 and set an “equal weight” rating for the company in a research report on Thursday, May 1st. Robert W. Baird raised their price target on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. UBS Group decreased their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 7th. JPMorgan Chase & Co. decreased their price target on shares of Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating for the company in a research report on Monday, May 5th. Finally, Citigroup decreased their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Stanley Black & Decker presently has a consensus rating of “Hold” and an average target price of $91.10.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $70.70 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. The stock has a market capitalization of $10.94 billion, a P/E ratio of 36.44, a PEG ratio of 1.33 and a beta of 1.19. The company has a 50 day moving average price of $67.63 and a 200 day moving average price of $79.69. Stanley Black & Decker has a fifty-two week low of $53.91 and a fifty-two week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter last year, the company posted $0.56 EPS. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. Equities research analysts forecast that Stanley Black & Decker will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be paid a $0.82 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 4.64%. Stanley Black & Decker’s dividend payout ratio is presently 136.10%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Golden State Wealth Management LLC increased its stake in Stanley Black & Decker by 1,138.5% in the first quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 296 shares during the period. 1248 Management LLC purchased a new stake in shares of Stanley Black & Decker in the first quarter valued at about $26,000. Hanson & Doremus Investment Management purchased a new stake in shares of Stanley Black & Decker in the first quarter valued at about $31,000. TD Private Client Wealth LLC boosted its holdings in shares of Stanley Black & Decker by 830.4% in the first quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 382 shares in the last quarter. Finally, Cape Investment Advisory Inc. boosted its holdings in shares of Stanley Black & Decker by 107.2% in the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 237 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

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.