Stanley Black & Decker (NYSE:SWK) Price Target Cut to $102.00 by Analysts at Robert W. Baird

Stanley Black & Decker (NYSE:SWK) had its price objective decreased by Robert W. Baird from $104.00 to $102.00 in a research report sent to investors on Wednesday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the industrial products company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley started coverage on shares of Stanley Black & Decker in a report on Friday, September 6th. They set an “equal weight” rating and a $107.00 price target on the stock. Wells Fargo & Company cut their price target on shares of Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. JPMorgan Chase & Co. increased their price target on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a report on Monday, August 5th. StockNews.com upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Finally, UBS Group increased their price objective on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $102.29.

Stanley Black & Decker Trading Up 0.5 %

Shares of NYSE SWK opened at $93.38 on Wednesday. Stanley Black & Decker has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The company has a 50 day simple moving average of $103.28 and a two-hundred day simple moving average of $93.77. 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 earnings results 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. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. The business’s revenue was down 5.1% on a year-over-year basis. On average, analysts forecast that Stanley Black & Decker will post 4.12 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be given a $0.82 dividend. The ex-dividend date is Friday, November 29th. This represents a $3.28 annualized dividend and a yield of 3.51%. Stanley Black & Decker’s payout ratio is presently -239.42%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Rise Advisors LLC raised its position in Stanley Black & Decker by 99.3% in the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 133 shares during the period. AlphaMark Advisors LLC bought a new stake in shares of Stanley Black & Decker during the 2nd quarter valued at $32,000. EverSource Wealth Advisors LLC raised its position in shares of Stanley Black & Decker by 81.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 237 shares during the period. Summit Securities Group LLC bought a new stake in shares of Stanley Black & Decker during the 2nd quarter valued at $56,000. Finally, Waldron Private Wealth LLC bought a new stake in shares of Stanley Black & Decker during the 3rd quarter valued at $59,000. 87.77% of the stock is currently owned by institutional investors.

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.