Stanley Black & Decker (NYSE:SWK) Rating Increased to Buy at Wall Street Zen

Stanley Black & Decker (NYSE:SWK) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other analysts have also recently issued reports on SWK. UBS Group dropped their target price on Stanley Black & Decker from $120.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, May 13th. Wells Fargo & Company upped their price objective on shares of Stanley Black & Decker from $60.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, July 1st. Robert W. Baird increased their price target on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. lowered their price objective on 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, Barclays upgraded Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $69.00 to $90.00 in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $92.10.

Stanley Black & Decker Stock Down 1.3%

Shares of SWK opened at $72.89 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 1.10. Stanley Black & Decker has a one year low of $53.91 and a one year high of $110.88. The stock has a market capitalization of $11.28 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 1.41 and a beta of 1.18. The stock has a 50 day moving average price of $67.33 and a 200 day moving average price of $74.13.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. Stanley Black & Decker had a net margin of 2.40% and a return on equity of 7.85%. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the prior year, the firm earned $0.56 earnings per share. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. Equities research analysts forecast that Stanley Black & Decker will post 5.16 earnings per share for the current fiscal year.

Institutional Trading of Stanley Black & Decker

Several institutional investors and hedge funds have recently bought and sold shares of SWK. Vontobel Holding Ltd. raised its stake in shares of Stanley Black & Decker by 3.8% during the first quarter. Vontobel Holding Ltd. now owns 4,494 shares of the industrial products company’s stock worth $345,000 after purchasing an additional 165 shares during the last quarter. Parallel Advisors LLC raised its position in Stanley Black & Decker by 15.0% during the 2nd quarter. Parallel Advisors LLC now owns 1,313 shares of the industrial products company’s stock worth $89,000 after buying an additional 171 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC raised its position in Stanley Black & Decker by 0.7% during the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 24,854 shares of the industrial products company’s stock worth $1,911,000 after buying an additional 174 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in Stanley Black & Decker by 8.8% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,159 shares of the industrial products company’s stock worth $166,000 after buying an additional 174 shares during the last quarter. Finally, RB Capital Management LLC raised its holdings in Stanley Black & Decker by 1.8% during the first quarter. RB Capital Management LLC now owns 9,937 shares of the industrial products company’s stock worth $764,000 after purchasing an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Company Profile

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.