Stanley Black & Decker (NYSE:SWK) Rating Lowered to “Hold” at StockNews.com

StockNews.com downgraded shares of Stanley Black & Decker (NYSE:SWK) from a buy rating to a hold rating in a research report released on Tuesday.

Several other research firms have also recently weighed in on SWK. UBS Group increased their price target on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird decreased their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. The Goldman Sachs Group upped their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Barclays upped their price objective on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company decreased their price objective on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $102.29.

Stanley Black & Decker Stock Up 2.4 %

Shares of NYSE SWK opened at $96.69 on Tuesday. Stanley Black & Decker has a 12-month low of $77.70 and a 12-month high of $110.88. The stock has a market cap of $14.91 billion, a PE ratio of -70.58, a P/E/G ratio of 2.52 and a beta of 1.25. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average of $103.08 and a 200 day moving average of $93.91.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The business had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the prior year, the company posted $1.05 EPS. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. As a group, sell-side analysts predict that Stanley Black & Decker will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.82 per share. The ex-dividend date is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a yield of 3.39%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -239.42%.

Institutional Investors Weigh In On Stanley Black & Decker

A number of hedge funds and other institutional investors have recently modified their holdings of SWK. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Stanley Black & Decker by 6.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,784 shares of the industrial products company’s stock valued at $2,819,000 after purchasing an additional 1,776 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Stanley Black & Decker by 6.7% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,702 shares of the industrial products company’s stock valued at $460,000 after purchasing an additional 297 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Stanley Black & Decker by 13.6% in the 1st quarter. Daiwa Securities Group Inc. now owns 22,257 shares of the industrial products company’s stock valued at $2,180,000 after purchasing an additional 2,668 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of Stanley Black & Decker by 2.9% in the 1st quarter. Mutual of America Capital Management LLC now owns 49,105 shares of the industrial products company’s stock valued at $4,809,000 after purchasing an additional 1,381 shares in the last quarter. Finally, Commerce Bank raised its holdings in shares of Stanley Black & Decker by 6.4% in the 1st quarter. Commerce Bank now owns 70,665 shares of the industrial products company’s stock valued at $6,920,000 after purchasing an additional 4,223 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.