Macquarie Downgrades Stanley Black & Decker to Neutral (SWK)
Stanley Black & Decker (NYSE:SWK) was downgraded by investment analysts at Macquarie from an “outperform” rating to a “neutral” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on SWK. Analysts at Morgan Stanley downgraded shares of Stanley Black & Decker from an “overweight” rating to an “equal weight” rating in a research note to investors on Thursday. Separately, analysts at Barclays downgraded shares of Stanley Black & Decker from an “equal weight” rating to an “underweight” rating in a research note to investors on Thursday. Finally, analysts at Robert W. Baird downgraded shares of Stanley Black & Decker from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $91.38.
Stanley Black & Decker (NYSE:SWK) opened at 76.75 on Thursday. Stanley Black & Decker has a 1-year low of $66.18 and a 1-year high of $92.76. The stock has a 50-day moving average of $88.94 and a 200-day moving average of $82.66. The company has a market cap of $12.286 billion and a price-to-earnings ratio of 14.19.
Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Wednesday, October 16th. The company reported $1.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.39. The company had revenue of $2.80 million for the quarter, compared to the consensus estimate of $2.81 million. During the same quarter in the previous year, the company posted $1.40 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, analysts predict that Stanley Black & Decker will post $5.44 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 10th. Investors of record on Friday, December 6th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Wednesday, December 4th.
Stanley Black & Decker Inc is a diversified global provider of power and hand tools, mechanical access solutions (NYSE:SWK), electronic security and monitoring systems and products and services for various industrial applications.
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