Stanley Black & Decker (NYSE:SWK) Lowered to Hold Rating by StockNews.com

StockNews.com lowered shares of Stanley Black & Decker (NYSE:SWK) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

Other equities analysts have also recently issued reports about the stock. Wells Fargo & Company decreased their target price on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. Robert W. Baird lowered their target price on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Barclays lifted their price target on Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. UBS Group raised their price objective on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Morgan Stanley reduced their target price on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $102.29.

Stanley Black & Decker Stock Down 1.9 %

SWK stock opened at $90.17 on Tuesday. The company has a market capitalization of $13.90 billion, a P/E ratio of -65.82, a price-to-earnings-growth ratio of 2.47 and a beta of 1.25. Stanley Black & Decker has a 12 month low of $77.70 and a 12 month high of $110.88. The firm’s fifty day simple moving average is $102.48 and its 200-day simple moving average is $93.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same period last year, the firm earned $1.05 EPS. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, equities research analysts forecast that Stanley Black & Decker will post 4.13 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s payout ratio is -239.42%.

Hedge Funds Weigh In On Stanley Black & Decker

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Citizens Financial Group Inc. RI purchased a new position in Stanley Black & Decker in the 3rd quarter worth approximately $478,000. Ontario Teachers Pension Plan Board purchased a new position in Stanley Black & Decker during the third quarter worth approximately $264,000. First Horizon Advisors Inc. boosted its stake in Stanley Black & Decker by 13.2% during the third quarter. First Horizon Advisors Inc. now owns 2,835 shares of the industrial products company’s stock worth $312,000 after buying an additional 330 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Stanley Black & Decker by 12.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 30,765 shares of the industrial products company’s stock valued at $3,388,000 after buying an additional 3,309 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Stanley Black & Decker in the 3rd quarter worth $467,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

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.