Stanley Black & Decker (NYSE:SWK) Sets New 1-Year Low at $101.00

Stanley Black & Decker, Inc. (NYSE:SWKGet Rating) hit a new 52-week low during trading on Thursday . The stock traded as low as $101.00 and last traded at $101.00, with a volume of 9593 shares traded. The stock had previously closed at $106.56.

SWK has been the subject of several research reports. StockNews.com lowered shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a report on Friday. Bank of America decreased their price objective on shares of Stanley Black & Decker from $165.00 to $140.00 and set an “underperform” rating for the company in a report on Wednesday, March 9th. Credit Suisse Group assumed coverage on shares of Stanley Black & Decker in a research note on Tuesday, April 5th. They issued an “outperform” rating and a $165.00 price target for the company. Citigroup decreased their price target on shares of Stanley Black & Decker from $145.00 to $110.00 in a research note on Friday, April 29th. Finally, TheStreet lowered shares of Stanley Black & Decker from a “b-” rating to a “c+” rating in a research note on Wednesday, March 30th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $165.67.

The company’s 50-day moving average is $123.88 and its 200 day moving average is $153.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.32 and a current ratio of 0.89. The company has a market capitalization of $15.59 billion, a PE ratio of 12.26, a P/E/G ratio of 1.19 and a beta of 1.37.

Stanley Black & Decker (NYSE:SWKGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The industrial products company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.42. The firm had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.62 billion. Stanley Black & Decker had a net margin of 8.07% and a return on equity of 16.16%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.13 EPS. On average, analysts forecast that Stanley Black & Decker, Inc. will post 9.96 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 21st. Stockholders of record on Tuesday, June 7th will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Monday, June 6th. Stanley Black & Decker’s payout ratio is presently 37.53%.

Several hedge funds and other institutional investors have recently made changes to their positions in SWK. GSA Capital Partners LLP boosted its holdings in shares of Stanley Black & Decker by 14.3% in the third quarter. GSA Capital Partners LLP now owns 1,515 shares of the industrial products company’s stock worth $266,000 after buying an additional 189 shares during the last quarter. Beacon Pointe Advisors LLC boosted its holdings in shares of Stanley Black & Decker by 234.2% in the third quarter. Beacon Pointe Advisors LLC now owns 13,951 shares of the industrial products company’s stock worth $2,446,000 after buying an additional 9,776 shares during the last quarter. Laurion Capital Management LP bought a new stake in Stanley Black & Decker during the 3rd quarter worth approximately $456,000. LPL Financial LLC raised its stake in Stanley Black & Decker by 7.0% during the 3rd quarter. LPL Financial LLC now owns 54,572 shares of the industrial products company’s stock worth $9,567,000 after acquiring an additional 3,578 shares during the period. Finally, Voloridge Investment Management LLC bought a new stake in Stanley Black & Decker during the 3rd quarter worth approximately $782,000. 88.60% of the stock is currently owned by hedge funds and other institutional investors.

About Stanley Black & Decker (NYSE:SWK)

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

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