Fintel reports that on April 12, 2023, Deutsche Bank maintained coverage of Stanley Black & Decker (NYSE:SWK) with a Hold recommendation.
Analyst Price Forecast Suggests 24.49% Upside
As of April 6, 2023, the average one-year price target for Stanley Black & Decker is $97.24. The forecasts range from a low of $80.80 to a high of $115.50. The average price target represents an increase of 24.49% from its latest reported closing price of $78.11.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Stanley Black & Decker is $16,313MM, a decrease of 3.74%. The projected annual non-GAAP EPS is $4.68.
Stanley Black & Decker Declares $0.80 Dividend
On February 15, 2023 the company declared a regular quarterly dividend of $0.80 per share ($3.20 annualized). Shareholders of record as of March 7, 2023 received the payment on March 21, 2023. Previously, the company paid $0.80 per share.
At the current share price of $78.11 / share, the stock's dividend yield is 4.10%. Looking back five years and taking a sample every week, the average dividend yield has been 2.15%, the lowest has been 1.27%, and the highest has been 4.28%. The standard deviation of yields is 0.77 (n=237).
The current dividend yield is 2.54 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.46. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.16%, demonstrating that it has increased its dividend over time.
What are Other Shareholders Doing?
MCF Advisors holds 0K shares representing 0.00% ownership of the company. No change in the last quarter.
Deutsche Bank Ag\ holds 365K shares representing 0.24% ownership of the company. No change in the last quarter.
Nissay Asset Management holds 19K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 19K shares, representing a decrease of 2.28%. The firm decreased its portfolio allocation in SWK by 11.13% over the last quarter.
BlackRock ETF Trust - BlackRock U.S. Carbon Transition Readiness ETF holds 1K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 1K shares, representing an increase of 4.80%. The firm decreased its portfolio allocation in SWK by 14.00% over the last quarter.
FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST - Franklin Allocation VIP Fund CLASS 1 holds 2K shares representing 0.00% ownership of the company. No change in the last quarter.
What is the Fund Sentiment?
There are 1432 funds or institutions reporting positions in Stanley Black & Decker.
This is a decrease
of
66
owner(s) or 4.41% in the last quarter.
Average portfolio weight of all funds dedicated to SWK is 0.16%,
a decrease
of 13.17%.
Total shares owned by institutions decreased
in the last three months by 0.06% to 160,889K shares.
The put/call ratio of SWK is 0.89, indicating a
bullish
outlook.
Stanley Black & Decker Background Information
(This description is provided by the company.)
Stanley Black & Decker is a purpose-driven, $14.5 billion revenue industrial organization. Stanley Black & Decker has 53,000 employees in more than 60 countries and operates the world's largest tools and storage business, the world's second-largest commercial electronic security services company, a leading engineered fastening business as well as Oil & Gas and Infrastructure businesses. The company's iconic brands include BLACK+DECKER, Bostitch, CRAFTSMAN, DEWALT, FACOM, IRWIN, LENOX, Porter Cable and STANLEY. Stanley Black & Decker is a company for the makers and innovators, the craftsmen and the caregivers, and those doing the hard work to make the world a better place.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
