Robert W. Baird Has Lowered Expectations for Stanley Black & Decker (NYSE:SWK) Stock Price

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

A number of other equities analysts have also recently commented on SWK. StockNews.com upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Monday. JPMorgan Chase & Co. lifted their target price on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a report on Monday, August 5th. The Goldman Sachs Group boosted their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Morgan Stanley began coverage on Stanley Black & Decker in a report on Friday, September 6th. They set an “equal weight” rating and a $107.00 price objective for the company. Finally, Barclays boosted their price objective on Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Stanley Black & Decker presently has a consensus rating of “Hold” and a consensus target price of $102.29.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $93.86 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42. Stanley Black & Decker has a 1 year low of $77.70 and a 1 year high of $110.88. The stock’s 50 day simple moving average is $103.52 and its two-hundred day simple moving average is $93.75. The company has a market cap of $14.45 billion, a price-to-earnings ratio of -48.38, a PEG ratio of 2.71 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. The firm had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The company’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 EPS. As a group, equities analysts anticipate that Stanley Black & Decker will post 4.18 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio is -169.07%.

Institutional Investors Weigh In On Stanley Black & Decker

Several hedge funds have recently made changes to their positions in SWK. HB Wealth Management LLC lifted its holdings in shares of Stanley Black & Decker by 67.8% in the 1st quarter. HB Wealth Management LLC now owns 4,515 shares of the industrial products company’s stock worth $442,000 after buying an additional 1,824 shares during the period. DORCHESTER WEALTH MANAGEMENT Co raised its position in shares of Stanley Black & Decker by 3.7% in the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 16,850 shares of the industrial products company’s stock worth $1,650,000 after acquiring an additional 600 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Stanley Black & Decker by 6.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,784 shares of the industrial products company’s stock worth $2,819,000 after acquiring an additional 1,776 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Stanley Black & Decker by 2.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 207,233 shares of the industrial products company’s stock worth $20,294,000 after acquiring an additional 5,299 shares in the last quarter. Finally, Allen Wealth Management LLC raised its position in shares of Stanley Black & Decker by 3.6% in the 1st quarter. Allen Wealth Management LLC now owns 15,067 shares of the industrial products company’s stock worth $1,476,000 after acquiring an additional 529 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

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.