Stanley Black & Decker (NYSE:SWK) Raised to “Overweight” at Barclays

Stanley Black & Decker (NYSE:SWK) was upgraded by analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The brokerage currently has a $90.00 price target on the industrial products company’s stock, up from their previous price target of $69.00. Barclays‘s price objective suggests a potential upside of 25.42% from the company’s previous close.

A number of other research analysts also recently issued reports on the stock. Citigroup decreased their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company decreased their target price on shares of Stanley Black & Decker from $70.00 to $60.00 and set an “equal weight” rating for the company in a research report on Thursday, May 1st. Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on shares of Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating for the company in a research report on Monday, May 5th. Finally, Robert W. Baird upped their price objective on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $91.10.

Stanley Black & Decker Price Performance

Shares of SWK opened at $71.76 on Tuesday. The firm has a market capitalization of $11.10 billion, a PE ratio of 36.99, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. Stanley Black & Decker has a 1-year low of $53.91 and a 1-year high of $110.88. The company’s fifty day moving average price is $67.95 and its 200-day moving average price is $79.91.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.73 billion. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 earnings per share. On average, equities research analysts predict that Stanley Black & Decker will post 5.16 EPS for the current year.

Institutional Trading of Stanley Black & Decker

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Stanley Black & Decker by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company’s stock valued at $1,540,445,000 after buying an additional 495,103 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Stanley Black & Decker by 1.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,413,913 shares of the industrial products company’s stock valued at $1,478,454,000 after buying an additional 246,800 shares during the period. Capital Research Global Investors grew its stake in shares of Stanley Black & Decker by 126.5% in the 4th quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company’s stock valued at $440,424,000 after buying an additional 3,063,114 shares during the period. Invesco Ltd. grew its stake in shares of Stanley Black & Decker by 22.6% in the 4th quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company’s stock valued at $332,336,000 after buying an additional 763,219 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Stanley Black & Decker by 0.5% in the 4th quarter. Wells Fargo & Company MN now owns 3,895,026 shares of the industrial products company’s stock valued at $312,732,000 after buying an additional 18,778 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

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.