Stanley Black & Decker, Inc. (NYSE:SWK) Receives Average Recommendation of "Hold" from Analysts (2024)

Shares of Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report) have been assigned a consensus recommendation of "Hold" from the ten ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $95.44.

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A number of equities analysts have recently issued reports on SWK shares. Barclays lowered shares of Stanley Black & Decker from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $100.00 to $86.00 in a research report on Tuesday, June 4th. Wells Fargo & Company decreased their price objective on Stanley Black & Decker from $98.00 to $92.00 and set an "equal weight" rating on the stock in a research report on Friday, May 3rd. Finally, Robert W. Baird dropped their target price on Stanley Black & Decker from $82.00 to $80.00 and set a "neutral" rating for the company in a research report on Thursday, April 18th.

Read Our Latest Report on SWK

Insiders Place Their Bets

In other Stanley Black & Decker news, SVP Janet Link sold 3,442 shares of Stanley Black & Decker stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $86.80, for a total transaction of $298,765.60. Following the transaction, the senior vice president now directly owns 32,860 shares in the company, valued at $2,852,248. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.50% of the company's stock.

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Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. First United Bank & Trust acquired a new position in shares of Stanley Black & Decker during the fourth quarter worth about $25,000. Quarry LP bought a new stake in shares of Stanley Black & Decker in the fourth quarter worth $36,000. Principal Securities Inc. acquired a new position in Stanley Black & Decker during the fourth quarter worth $38,000. Brown Brothers Harriman & Co. grew its position in Stanley Black & Decker by 39.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company's stock valued at $49,000 after purchasing an additional 140 shares in the last quarter. Finally, Fairman Group LLC bought a new stake in Stanley Black & Decker during the 4th quarter worth about $50,000. Institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Price Performance

traded down $0.07 during mid-day trading on Thursday, hitting $81.46. 983,428 shares of the company were exchanged, compared to its average volume of 1,393,206. Stanley Black & Decker has a 1-year low of $76.26 and a 1-year high of $104.21. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 0.63. The business has a fifty day moving average of $86.79 and a 200 day moving average of $91.04. The company has a market capitalization of $12.54 billion, a PE ratio of -118.06, a price-to-earnings-growth ratio of 2.22 and a beta of 1.29.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.83 billion. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.41) earnings per share. As a group, sell-side analysts expect that Stanley Black & Decker will post 4.09 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend was Tuesday, June 4th. Stanley Black & Decker's dividend payout ratio is currently -469.56%.

About Stanley Black & Decker

(Get Free Report

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.