Brokerages Set Stanley Black & Decker, Inc. (NYSE:SWK) Price Target at $102.20

Stanley Black & Decker, Inc. (NYSE:SWK) has been assigned an average rating of “Hold” from the ten analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $102.20.

A number of research analysts have issued reports on SWK shares. UBS Group cut their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a research report on Thursday, December 19th. Wells Fargo & Company lowered their price target on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Citigroup reduced their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, Barclays dropped their target price on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th.

Institutional Trading of Stanley Black & Decker

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SWK. Ridgewood Investments LLC purchased a new stake in shares of Stanley Black & Decker during the 4th quarter worth about $36,000. Cape Investment Advisory Inc. boosted its position in Stanley Black & Decker by 107.2% during the fourth 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 purchased a new stake in shares of Stanley Black & Decker in the fourth quarter valued at approximately $40,000. SRS Capital Advisors Inc. raised its stake in shares of Stanley Black & Decker by 61.8% during the 4th 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 period. Finally, Montag A & Associates Inc. purchased a new position in shares of Stanley Black & Decker during the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 2.9 %

Stanley Black & Decker stock opened at $62.78 on Friday. Stanley Black & Decker has a 1-year low of $57.77 and a 1-year high of $110.88. The business has a fifty day moving average price of $83.50 and a 200-day moving average price of $89.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The stock has a market capitalization of $9.70 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 1.33 and a beta of 1.25.

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

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 5.23%. The ex-dividend date was Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is 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.