Stanley Black & Decker (NYSE:SWK) Hits New 1-Year Low Following Analyst Downgrade

Stanley Black & Decker, Inc. (NYSE:SWK) hit a new 52-week low during mid-day trading on Wednesday after Barclays lowered their price target on the stock from $94.00 to $86.00. Barclays currently has an equal weight rating on the stock. Stanley Black & Decker traded as low as $77.35 and last traded at $78.34, with a volume of 735268 shares changing hands. The stock had previously closed at $80.47.

Other equities analysts have also issued research reports about the stock. 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 report on Friday, February 7th. Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Thursday, December 19th. Citigroup cut their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company lowered their target price on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group began 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 target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $102.20.

Hedge Funds Weigh In On Stanley Black & Decker

Several hedge funds have recently made changes to their positions in SWK. Ridgewood Investments LLC bought a new stake in shares of Stanley Black & Decker in the fourth quarter worth $36,000. Cape Investment Advisory Inc. raised its stake 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 acquired a new stake in shares of Stanley Black & Decker in the 4th quarter valued at approximately $40,000. SRS Capital Advisors Inc. increased its holdings in Stanley Black & Decker by 61.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock worth $42,000 after buying an additional 199 shares during the last quarter. Finally, Montag A & Associates Inc. bought a new stake in Stanley Black & Decker during the fourth quarter worth $44,000. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Trading Down 0.9 %

The stock has a market cap of $12.01 billion, a price-to-earnings ratio of 40.07, a PEG ratio of 1.33 and a beta of 1.25. The business’s 50 day simple moving average is $85.19 and its 200 day simple moving average is $90.34. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. On average, research analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were issued a $0.82 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 4.22%. 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.