Stanley Black & Decker (NYSE:SWK) Trading Down 4.5% – Here’s What Happened

by · The Cerbat Gem

Stanley Black & Decker, Inc. (NYSE:SWKGet Free Report) was down 4.5% during mid-day trading on Wednesday . The stock traded as low as $68.83 and last traded at $68.9430. Approximately 158,351 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 1,849,443 shares. The stock had previously closed at $72.19.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SWK shares. Wells Fargo & Company reduced their price objective on Stanley Black & Decker from $82.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Wall Street Zen cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Robert W. Baird increased their price objective on Stanley Black & Decker from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Tuesday, December 23rd. Morgan Stanley increased their price objective on Stanley Black & Decker from $80.00 to $87.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Finally, Citigroup increased their price objective on Stanley Black & Decker from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Stanley Black & Decker presently has a consensus rating of “Hold” and an average price target of $85.56.

Check Out Our Latest Stock Analysis on SWK

Stanley Black & Decker Stock Performance

The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 0.52. The firm has a fifty day simple moving average of $78.20 and a 200-day simple moving average of $75.04. The company has a market cap of $10.49 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 1.04 and a beta of 1.20.

Stanley Black & Decker (NYSE:SWKGet Free Report) last released its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.14. Stanley Black & Decker had a return on equity of 7.90% and a net margin of 2.66%.The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the company posted $1.49 earnings per share. The business’s revenue was down 1.0% on a year-over-year basis. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. On average, research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th were given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Tuesday, March 10th. Stanley Black & Decker’s payout ratio is currently 125.28%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Tred Avon Family Wealth LLC purchased a new stake in shares of Stanley Black & Decker during the 3rd quarter valued at $939,000. Massachusetts Financial Services Co. MA boosted its position in Stanley Black & Decker by 0.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,199,427 shares of the industrial products company’s stock worth $237,813,000 after purchasing an additional 17,084 shares during the period. Godsey & Gibb Inc. boosted its position in Stanley Black & Decker by 14.6% in the 3rd quarter. Godsey & Gibb Inc. now owns 212,480 shares of the industrial products company’s stock valued at $15,794,000 after buying an additional 27,140 shares during the last quarter. Osaic Holdings Inc. boosted its position in Stanley Black & Decker by 48.1% in the 2nd quarter. Osaic Holdings Inc. now owns 44,816 shares of the industrial products company’s stock valued at $3,038,000 after buying an additional 14,550 shares during the last quarter. Finally, Capital Research Global Investors boosted its position in Stanley Black & Decker by 0.9% in the 3rd quarter. Capital Research Global Investors now owns 12,768,115 shares of the industrial products company’s stock valued at $949,050,000 after buying an additional 116,302 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Company Profile

(Get Free Report)

Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.

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