Stanley Black & Decker, Inc. (NYSE:SWK) Receives Average Rating of “Hold” from Brokerages

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have been given a consensus rating of “Hold” by the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $88.10.

Several brokerages have recently issued reports on SWK. Wall Street Zen downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, October 8th. Wells Fargo & Company decreased their price target on shares of Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. UBS Group upped their price objective on shares of Stanley Black & Decker from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Finally, Morgan Stanley reissued a “positive” rating and set a $80.00 target price on shares of Stanley Black & Decker in a research report on Tuesday, October 14th.

Stanley Black & Decker Trading Up 1.8%

Shares of SWK stock opened at $72.53 on Thursday. Stanley Black & Decker has a 12 month low of $53.91 and a 12 month high of $91.06. The company has a market cap of $11.23 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 2.00 and a beta of 1.20. The company has a quick ratio of 0.35, a current ratio of 1.11 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average is $69.35 and its two-hundred day moving average is $70.42.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Thursday, June 30th. The industrial products company reported $2.85 earnings per share (EPS) for the quarter. The business had revenue of $3.72 billion during the quarter. Stanley Black & Decker had a net margin of 2.89% and a return on equity of 8.10%. Equities analysts predict that Stanley Black & Decker will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Monday, December 1st will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Monday, December 1st. Stanley Black & Decker’s dividend payout ratio (DPR) is 114.88%.

Institutional Investors Weigh In On Stanley Black & Decker

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Stanley Black & Decker by 0.5% in the second quarter. Vanguard Group Inc. now owns 18,663,999 shares of the industrial products company’s stock valued at $1,264,486,000 after acquiring an additional 91,016 shares during the period. Capital Research Global Investors boosted its stake in shares of Stanley Black & Decker by 0.9% in the 3rd quarter. Capital Research Global Investors now owns 12,768,115 shares of the industrial products company’s stock valued at $949,050,000 after purchasing an additional 116,302 shares in the last quarter. State Street Corp grew its holdings in shares of Stanley Black & Decker by 2.3% in the 2nd quarter. State Street Corp now owns 9,423,438 shares of the industrial products company’s stock worth $638,438,000 after purchasing an additional 215,960 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Stanley Black & Decker by 49.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,379,653 shares of the industrial products company’s stock worth $325,541,000 after purchasing an additional 1,450,170 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Stanley Black & Decker by 11.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,329,175 shares of the industrial products company’s stock valued at $321,781,000 after purchasing an additional 452,398 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Company Profile

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.