Stanley Black & Decker Lowered to Underweight at Barclays (SWK)
Stanley Black & Decker (NYSE:SWK) was downgraded by research analysts at Barclays to an “underweight” rating in a report released on Thursday, Stock Ratings Network.com reports.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Longbow Research upgraded shares of Stanley Black & Decker from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, October 1st. They now have a $110.00 price target on the stock. Finally, analysts at Imperial Capital raised their price target on shares of Stanley Black & Decker from $87.00 to $93.00 in a research note to investors on Monday, September 30th. They now have an “in-line” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $91.38.
Shares of Stanley Black & Decker (NYSE:SWK) opened at 76.75 on Thursday. Stanley Black & Decker has a 52-week low of $66.18 and a 52-week 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 P/E 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 last year, the company posted $1.40 earnings per share. Stanley Black & Decker’s revenue was up 9.6% compared to the same quarter last year. 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. Shareholders 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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