Barclays Cuts Stanley Black & Decker (NYSE:SWK) Price Target to $94.00

Stanley Black & Decker (NYSE:SWK) had its price objective reduced by Barclays from $100.00 to $94.00 in a research note published on Wednesday morning,Benzinga reports. Barclays currently has an equal weight rating on the industrial products company’s stock.

SWK has been the subject of several other research reports. The Goldman Sachs Group raised their target price on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a research report on Thursday, December 19th. Morgan Stanley reduced their price target on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. Wells Fargo & Company cut their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, Robert W. Baird reduced their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Stanley Black & Decker has a consensus rating of “Hold” and an average target price of $101.25.

Stanley Black & Decker Trading Down 1.9 %

NYSE SWK opened at $80.04 on Wednesday. Stanley Black & Decker has a 52 week low of $77.70 and a 52 week high of $110.88. The firm has a 50 day moving average of $85.15 and a two-hundred day moving average of $93.09. The stock has a market capitalization of $12.34 billion, a PE ratio of -58.42, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63.

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

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th were given a dividend of $0.82 per share. The ex-dividend date was Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 4.10%. Stanley Black & Decker’s payout ratio is -239.42%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Rise Advisors LLC boosted its stake in Stanley Black & Decker by 99.3% during the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 133 shares during the period. Ridgewood Investments LLC bought a new stake in shares of Stanley Black & Decker during the 4th quarter worth about $36,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Stanley Black & Decker by 81.4% in the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 237 shares in the last quarter. Waldron Private Wealth LLC acquired a new position in shares of Stanley Black & Decker during the third quarter valued at approximately $59,000. Finally, Armstrong Advisory Group Inc. bought a new stake in Stanley Black & Decker during the third quarter worth approximately $72,000. 87.77% of the stock is currently owned by institutional investors.

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.