Brokerages Set Stanley Black & Decker, Inc. (NYSE:SWK) Price Target at $88.10

Stanley Black & Decker, Inc. (NYSE:SWK) has been given an average recommendation of “Hold” by the twelve research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $88.10.

A number of research analysts have recently issued reports on SWK shares. Wells Fargo & Company dropped their price objective on Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Robert W. Baird boosted their price target on Stanley Black & Decker from $65.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. The Goldman Sachs Group restated a “neutral” rating and set a $80.00 price target on shares of Stanley Black & Decker in a report on Wednesday, July 30th. UBS Group lifted 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 note on Thursday, November 6th. Finally, Barclays cut their target price on shares of Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th.

Stanley Black & Decker Stock Down 1.1%

Stanley Black & Decker stock opened at $67.46 on Friday. The firm has a market cap of $10.45 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 1.46 and a beta of 1.21. Stanley Black & Decker has a 52-week low of $53.91 and a 52-week high of $93.63. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. The firm has a 50 day moving average price of $72.02 and a two-hundred day moving average price of $70.04.

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 for the quarter. The company had revenue of $3.72 billion during the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. Equities analysts predict that Stanley Black & Decker will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be paid a $0.83 dividend. The ex-dividend date is Monday, December 1st. This represents a $3.32 annualized dividend and a dividend yield of 4.9%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 114.88%.

Institutional Investors Weigh In On Stanley Black & Decker

A number of hedge funds have recently added to or reduced their stakes in SWK. Landscape Capital Management L.L.C. acquired a new position in shares of Stanley Black & Decker during the third quarter worth approximately $762,000. Sunriver Management LLC increased its stake in Stanley Black & Decker by 299.7% during the 3rd quarter. Sunriver Management LLC now owns 567,473 shares of the industrial products company’s stock valued at $42,180,000 after purchasing an additional 425,509 shares in the last quarter. Tocqueville Asset Management L.P. raised its holdings in Stanley Black & Decker by 24.8% during the third quarter. Tocqueville Asset Management L.P. now owns 198,971 shares of the industrial products company’s stock worth $14,790,000 after buying an additional 39,564 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Stanley Black & Decker by 3.9% in the third quarter. Sei Investments Co. now owns 151,747 shares of the industrial products company’s stock valued at $11,279,000 after buying an additional 5,705 shares in the last quarter. Finally, UBS Group AG grew its holdings in shares of Stanley Black & Decker by 27.0% during the third quarter. UBS Group AG now owns 1,597,048 shares of the industrial products company’s stock valued at $118,709,000 after buying an additional 339,878 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

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.