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 report published on Friday morning, Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

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

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock traded up $0.81 during midday trading on Friday, reaching $85.80. 3,145,797 shares of the stock traded hands, compared to its average volume of 1,691,942. The company has a current ratio of 1.09, a quick ratio of 0.39 and a debt-to-equity ratio of 0.63. The firm has a fifty day moving average price of $91.64 and a two-hundred day moving average price of $91.23. The firm has a market cap of $13.20 billion, a price-to-earnings ratio of -124.35, a PEG ratio of 2.29 and a beta of 1.33. Stanley Black & Decker has a fifty-two week low of $73.87 and a fifty-two week high of $104.21.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same period in the previous year, the firm earned ($0.41) EPS. Stanley Black & Decker’s revenue was down 1.6% on a year-over-year basis. On average, 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be given a $0.81 dividend. 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 3.78%. Stanley Black & Decker’s payout ratio is -469.56%.

Institutional Investors Weigh In On Stanley Black & Decker

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First United Bank & Trust bought a new position in shares of Stanley Black & Decker during the 4th quarter valued at $25,000. Quarry LP bought a new position in shares of Stanley Black & Decker during the 4th quarter valued at $36,000. Principal Securities Inc. bought a new position in shares of Stanley Black & Decker during the 4th quarter valued at $38,000. Venturi Wealth Management LLC bought a new position in shares of Stanley Black & Decker during the 3rd quarter valued at $33,000. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Stanley Black & Decker by 39.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

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.