Stanley Black & Decker (NYSE:SWK) Upgraded to Outperform at Mizuho

Mizuho upgraded shares of Stanley Black & Decker (NYSE:SWK) from a neutral rating to an outperform rating in a report published on Thursday, MarketBeat Ratings reports. They currently have $110.00 price target on the industrial products company’s stock.

SWK has been the subject of a number of other reports. The Goldman Sachs Group increased their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Wells Fargo & Company dropped their price objective on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Morgan Stanley reduced their target price on shares of 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. Finally, Robert W. Baird cut their price target on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $103.25.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $79.43 on Thursday. The company’s 50 day simple moving average is $91.99 and its 200-day simple moving average is $93.45. The firm has a market cap of $12.25 billion, a PE ratio of -57.98, a price-to-earnings-growth ratio of 2.24 and a beta of 1.23. Stanley Black & Decker has a 12-month low of $77.70 and a 12-month high of $110.88. The company has a current ratio of 1.29, a quick ratio of 0.42 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. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. 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 posted $1.05 EPS. Stanley Black & Decker’s revenue for the quarter was down 5.1% on a year-over-year basis. As a group, equities analysts predict that Stanley Black & Decker will post 4.12 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, November 29th were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.28 annualized dividend and a yield of 4.13%. Stanley Black & Decker’s dividend payout ratio is presently -239.42%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SWK. Rise Advisors LLC grew its stake in Stanley Black & Decker by 99.3% in the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 133 shares during the last quarter. EverSource Wealth Advisors LLC grew its position 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 purchasing an additional 237 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of Stanley Black & Decker during the 2nd quarter worth approximately $56,000. Waldron Private Wealth LLC acquired a new position in shares of Stanley Black & Decker during the 3rd quarter worth approximately $59,000. Finally, AM Squared Ltd purchased a new stake in Stanley Black & Decker in the 2nd quarter valued at approximately $72,000. 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.