Stanley Black & Decker (NYSE:SWK) Hits New 1-Year Low – Here’s Why

Stanley Black & Decker, Inc. (NYSE:SWK) hit a new 52-week low on Tuesday . The company traded as low as $74.31 and last traded at $76.94, with a volume of 1776888 shares traded. The stock had previously closed at $76.43.

Wall Street Analysts Forecast Growth

SWK has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. UBS Group dropped their price objective on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a report on Thursday, December 19th. Citigroup lowered their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Jefferies Financial Group initiated coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They set a “buy” rating and a $103.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $102.20.

Stanley Black & Decker Stock Up 1.0 %

The firm has a market cap of $11.89 billion, a price-to-earnings ratio of 39.65, a P/E/G ratio of 1.33 and a beta of 1.25. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The stock has a 50-day moving average of $84.49 and a 200-day moving average of $89.69.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Sell-side analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were paid a $0.82 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a yield of 4.26%. Stanley Black & Decker’s dividend payout ratio (DPR) is 169.07%.

Institutional Investors Weigh In On Stanley Black & Decker

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ridgewood Investments LLC acquired a new position in shares of Stanley Black & Decker during the 4th quarter worth $36,000. Cape Investment Advisory Inc. raised its stake in Stanley Black & Decker by 107.2% during the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 237 shares in the last quarter. Millstone Evans Group LLC bought a new position in shares of Stanley Black & Decker in the fourth quarter worth about $40,000. SRS Capital Advisors Inc. boosted its stake in shares of Stanley Black & Decker by 61.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 199 shares in the last quarter. Finally, Montag A & Associates Inc. bought a new stake in shares of Stanley Black & Decker during the 4th quarter valued at approximately $44,000. 87.77% of the stock is currently owned by institutional investors.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.