Robert W. Baird Cuts Stanley Black & Decker (NYSE:SWK) Price Target to $102.00

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

Other equities research analysts have also issued research reports about the stock. StockNews.com upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. UBS Group raised their price target on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group raised their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Morgan Stanley began coverage on shares of Stanley Black & Decker in a report on Friday, September 6th. They issued an “equal weight” rating and a $107.00 price objective for the company. Finally, JPMorgan Chase & Co. raised 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $102.29.

Stanley Black & Decker Trading Up 0.5 %

SWK opened at $93.38 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. Stanley Black & Decker has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The company’s 50-day moving average is $103.28 and its 200 day moving average is $93.77.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $3.80 billion. During the same quarter in the prior year, the business posted $1.05 EPS. The firm’s revenue was down 5.1% compared to the same quarter last year. On average, equities research analysts anticipate that Stanley Black & Decker will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed 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. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.51%. 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 hedge funds have recently modified their holdings of SWK. HB Wealth Management LLC boosted its stake in shares of Stanley Black & Decker by 67.8% during the 1st quarter. HB Wealth Management LLC now owns 4,515 shares of the industrial products company’s stock valued at $442,000 after purchasing an additional 1,824 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co boosted its stake in shares of Stanley Black & Decker by 3.7% during the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 16,850 shares of the industrial products company’s stock valued at $1,650,000 after purchasing an additional 600 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Stanley Black & Decker by 6.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,784 shares of the industrial products company’s stock valued at $2,819,000 after purchasing an additional 1,776 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Stanley Black & Decker by 2.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 207,233 shares of the industrial products company’s stock valued at $20,294,000 after purchasing an additional 5,299 shares in the last quarter. Finally, Allen Wealth Management LLC boosted its stake in shares of Stanley Black & Decker by 3.6% during the 1st quarter. Allen Wealth Management LLC now owns 15,067 shares of the industrial products company’s stock valued at $1,476,000 after purchasing an additional 529 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.