Stanley Black & Decker (NYSE:SWK) Rating Lowered to Hold at Wall Street Zen

Stanley Black & Decker (NYSE:SWK) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other brokerages also recently weighed in on SWK. Wolfe Research upgraded Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a report on Tuesday, July 8th. 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 note on Monday, May 5th. Barclays upgraded Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $69.00 to $90.00 in a research note on Tuesday, May 13th. Robert W. Baird upped their price objective on Stanley Black & Decker from $65.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Wells Fargo & Company upped their price objective on Stanley Black & Decker from $60.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus target price of $93.40.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $73.96 on Friday. Stanley Black & Decker has a twelve month low of $53.91 and a twelve month high of $110.88. The company has a current ratio of 1.10, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $11.44 billion, a price-to-earnings ratio of 30.69, a price-to-earnings-growth ratio of 1.41 and a beta of 1.18. The business has a 50 day simple moving average of $68.37 and a 200-day simple moving average of $73.49.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results 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. Stanley Black & Decker had a return on equity of 7.85% and a net margin of 2.40%. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the previous year, the business earned $0.56 EPS. The business’s quarterly revenue was down 3.2% on a year-over-year basis. As a group, equities research analysts expect that Stanley Black & Decker will post 5.16 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SWK. Capital Research Global Investors boosted its position in Stanley Black & Decker by 126.5% during the 4th quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company’s stock worth $440,424,000 after acquiring an additional 3,063,114 shares during the period. Norges Bank bought a new position in Stanley Black & Decker during the fourth quarter valued at about $117,231,000. Ameriprise Financial Inc. boosted its stake in Stanley Black & Decker by 59.8% during the first quarter. Ameriprise Financial Inc. now owns 3,541,878 shares of the industrial products company’s stock valued at $272,294,000 after buying an additional 1,326,113 shares in the last quarter. Vulcan Value Partners LLC bought a new position in Stanley Black & Decker during the first quarter valued at about $72,063,000. Finally, Invesco Ltd. boosted its stake in Stanley Black & Decker by 22.6% during the fourth 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 in the last quarter. Institutional investors and hedge funds 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.