Stanley Black & Decker (NYSE:SWK) Downgraded to “Equal Weight” at Wells Fargo & Company

Wells Fargo & Company cut shares of Stanley Black & Decker (NYSE:SWKGet Rating) from an overweight rating to an equal weight rating in a research report sent to investors on Monday, MarketBeat Ratings reports. Wells Fargo & Company currently has $105.00 target price on the industrial products company’s stock.

A number of other research analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Stanley Black & Decker from $158.00 to $128.00 and set a buy rating for the company in a report on Wednesday, July 13th. Citigroup cut their price objective on Stanley Black & Decker from $110.00 to $90.00 in a report on Thursday, July 28th. StockNews.com raised Stanley Black & Decker from a sell rating to a hold rating in a report on Friday. Barclays cut their price objective on Stanley Black & Decker from $149.00 to $140.00 and set an overweight rating for the company in a report on Friday, July 8th. Finally, Morgan Stanley cut their price objective on Stanley Black & Decker from $137.00 to $130.00 and set an overweight rating for the company in a report on Friday, July 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker presently has a consensus rating of Hold and a consensus target price of $120.92.

Stanley Black & Decker Stock Down 0.2 %

Shares of SWK stock opened at $97.12 on Monday. The stock has a market cap of $14.66 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 1.97 and a beta of 1.27. Stanley Black & Decker has a one year low of $93.56 and a one year high of $203.69. The stock has a fifty day moving average price of $110.46 and a 200 day moving average price of $135.40. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.85 and a quick ratio of 0.28.

Stanley Black & Decker (NYSE:SWKGet Rating) last issued its earnings results on Thursday, July 28th. The industrial products company reported $1.77 EPS for the quarter, missing the consensus estimate of $2.12 by ($0.35). The firm had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.74 billion. Stanley Black & Decker had a return on equity of 14.65% and a net margin of 5.86%. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period last year, the business earned $3.08 earnings per share. Analysts predict that Stanley Black & Decker will post 5.5 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 20th. Investors of record on Tuesday, September 6th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.29%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Friday, September 2nd. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 51.13%.

Institutional Trading of Stanley Black & Decker

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MML Investors Services LLC increased its position in Stanley Black & Decker by 0.6% in the fourth quarter. MML Investors Services LLC now owns 11,229 shares of the industrial products company’s stock worth $2,118,000 after purchasing an additional 62 shares during the period. Arete Wealth Advisors LLC grew its position in shares of Stanley Black & Decker by 1.8% during the 4th quarter. Arete Wealth Advisors LLC now owns 3,600 shares of the industrial products company’s stock worth $672,000 after buying an additional 65 shares during the period. Commerce Bank grew its position in shares of Stanley Black & Decker by 0.6% during the 4th quarter. Commerce Bank now owns 10,751 shares of the industrial products company’s stock worth $2,028,000 after buying an additional 69 shares during the period. Samalin Investment Counsel LLC grew its position in shares of Stanley Black & Decker by 8.1% during the 4th quarter. Samalin Investment Counsel LLC now owns 937 shares of the industrial products company’s stock worth $177,000 after buying an additional 70 shares during the period. Finally, Crestwood Advisors Group LLC grew its position in shares of Stanley Black & Decker by 1.2% during the 4th quarter. Crestwood Advisors Group LLC now owns 6,493 shares of the industrial products company’s stock worth $1,225,000 after buying an additional 75 shares during the period. 88.60% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Company Profile

(Get Rating)

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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