Stanley Black & Decker (NYSE:SWK) Given New $90.00 Price Target at Mizuho

Stanley Black & Decker (NYSE:SWKGet Rating) had its target price lowered by Mizuho from $100.00 to $90.00 in a research report report published on Friday morning, The Fly reports. Mizuho currently has a maintains rating on the industrial products company’s stock.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. cut their target price on shares of Stanley Black & Decker from $139.00 to $115.00 in a research report on Friday, July 15th. Credit Suisse Group started coverage on shares of Stanley Black & Decker in a report on Tuesday, April 5th. They issued an outperform rating and a $165.00 price target on the stock. Wells Fargo & Company lowered their price target on shares of Stanley Black & Decker from $135.00 to $130.00 in a report on Tuesday, July 12th. Barclays lowered their price target on shares of Stanley Black & Decker from $149.00 to $140.00 and set an overweight rating on the stock in a report on Friday, July 8th. Finally, Citigroup lowered their price target on shares of Stanley Black & Decker from $110.00 to $90.00 in a report on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $120.92.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK opened at $97.12 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.85 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $14.66 billion, a PE ratio of 15.72, a P/E/G ratio of 1.97 and a beta of 1.27. Stanley Black & Decker has a twelve month low of $93.56 and a twelve month high of $203.69. The company has a 50-day moving average price of $110.46 and a two-hundred day moving average price of $135.40.

Stanley Black & Decker (NYSE:SWKGet Rating) last issued its earnings results on Thursday, July 28th. The industrial products company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.35). The business had revenue of $4.39 billion for 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%. Stanley Black & Decker’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.08 EPS. Equities analysts forecast that Stanley Black & Decker will post 5.5 EPS for the current year.

Stanley Black & Decker Increases Dividend

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

Institutional Investors Weigh In On Stanley Black & Decker

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Stanley Black & Decker by 17.5% in the 1st quarter. Vanguard Group Inc. now owns 18,623,594 shares of the industrial products company’s stock worth $2,603,393,000 after purchasing an additional 2,774,661 shares during the period. Norges Bank bought a new stake in Stanley Black & Decker in the fourth quarter worth $293,104,000. Parnassus Investments LLC bought a new stake in Stanley Black & Decker in the first quarter worth $181,765,000. Gates Capital Management Inc. bought a new stake in Stanley Black & Decker in the first quarter worth $160,712,000. Finally, Greenhaven Associates Inc. lifted its stake in Stanley Black & Decker by 614.7% in the second quarter. Greenhaven Associates Inc. now owns 1,321,002 shares of the industrial products company’s stock worth $138,520,000 after purchasing an additional 1,136,179 shares during the last quarter. 88.60% of the stock is currently owned by institutional investors.

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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