Stanley Black & Decker, Inc. (NYSE:SWK) Receives $103.00 Consensus Target Price from Analysts

Stanley Black & Decker, Inc. (NYSE:SWK) has received an average recommendation of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $103.00.

Several brokerages have commented on SWK. Wells Fargo & Company decreased their price objective on shares of 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. UBS Group decreased their target price 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. Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target on the stock in a research report on Thursday, December 19th. Citigroup decreased their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, Jefferies Financial Group began coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They set a “buy” rating and a $103.00 target price on the stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. First Trust Direct Indexing L.P. purchased a new position in Stanley Black & Decker during the third quarter valued at $367,000. Stephens Inc. AR raised its position in shares of Stanley Black & Decker by 54.8% during the 3rd quarter. Stephens Inc. AR now owns 8,556 shares of the industrial products company’s stock worth $942,000 after purchasing an additional 3,029 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Stanley Black & Decker by 5.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 218,982 shares of the industrial products company’s stock valued at $24,117,000 after buying an additional 10,621 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Stanley Black & Decker by 227.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 67,021 shares of the industrial products company’s stock worth $7,381,000 after buying an additional 46,544 shares during the last quarter. Finally, Forum Financial Management LP purchased a new stake in Stanley Black & Decker during the 3rd quarter worth approximately $282,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Trading Up 1.9 %

NYSE:SWK opened at $85.19 on Tuesday. The company has a market capitalization of $13.16 billion, a P/E ratio of 43.91, a PEG ratio of 1.33 and a beta of 1.24. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. Stanley Black & Decker has a 12 month low of $77.70 and a 12 month high of $110.88. The firm has a fifty day simple moving average of $85.10 and a 200-day simple moving average of $92.21.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS 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, equities research analysts anticipate that Stanley Black & Decker will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.85%. The ex-dividend date is Tuesday, March 4th. Stanley Black & Decker’s 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 Storage segment, and Industrial segment.