Stanley Black & Decker (NYSE:SWK) Price Target Lowered to $100.00 at Barclays

Stanley Black & Decker (NYSE:SWK) had its price objective reduced by Barclays from $107.00 to $100.00 in a research note issued to investors on Friday, Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

A number of other equities research analysts also recently weighed in on the company. Robert W. Baird dropped their target price on Stanley Black & Decker from $82.00 to $80.00 and set a neutral rating for the company in a report on Thursday, April 18th. Wells Fargo & Company dropped their price target on shares of Stanley Black & Decker from $105.00 to $95.00 and set an equal weight rating for the company in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on Stanley Black & Decker from $89.00 to $80.00 and set an underweight rating on the stock in a research note on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $97.00.

Stanley Black & Decker Price Performance

NYSE:SWK opened at $87.01 on Friday. The firm has a fifty day simple moving average of $91.58 and a 200 day simple moving average of $91.45. Stanley Black & Decker has a 1-year low of $73.87 and a 1-year high of $104.21. The stock has a market capitalization of $13.39 billion, a PE ratio of -126.10, a P/E/G ratio of 2.31 and a beta of 1.33. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 0.63.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The business had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the prior year, the business earned ($0.41) EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, research analysts expect 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, June 18th. Shareholders of record on Tuesday, June 4th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.24 dividend on an annualized basis and a yield of 3.72%. Stanley Black & Decker’s payout ratio is -469.56%.

Institutional Investors Weigh In On Stanley Black & Decker

A number of institutional investors and hedge funds have recently made changes to their positions in SWK. Commonwealth Equity Services LLC increased its holdings in Stanley Black & Decker by 3.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 226,398 shares of the industrial products company’s stock valued at $18,922,000 after purchasing an additional 8,376 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Stanley Black & Decker by 13.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 80,705 shares of the industrial products company’s stock worth $6,745,000 after purchasing an additional 9,715 shares during the last quarter. Brown Advisory Inc. increased its position in Stanley Black & Decker by 0.8% during the third quarter. Brown Advisory Inc. now owns 30,320 shares of the industrial products company’s stock valued at $2,534,000 after acquiring an additional 233 shares during the last quarter. Godsey & Gibb Inc. increased its position in shares of Stanley Black & Decker by 4.6% during the 3rd quarter. Godsey & Gibb Inc. now owns 140,729 shares of the industrial products company’s stock valued at $11,762,000 after purchasing an additional 6,185 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its stake in shares of Stanley Black & Decker by 3.8% during the 3rd quarter. New York State Teachers Retirement System now owns 148,061 shares of the industrial products company’s stock worth $12,375,000 after acquiring an additional 5,428 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Company Profile

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.