Stanley Black & Decker (NYSE:SWK) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• Stanley Black & Decker has been downgraded by Wall Street Zen from a "buy" to a "hold" rating, signaling a shift in analyst sentiment regarding the stock's potential performance.
• Other brokerages, including Weiss Ratings and Jefferies Financial Group, have provided varying ratings, with a consensus average rating of "hold" and a price target around $88.10.
• The company reported quarterly earnings of $2.85 per share and a revenue of $3.72 billion, with analysts predicting a projected earnings of 5.16 EPS for the current fiscal year.

Stanley Black & Decker (NYSE:SWK - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Sunday.

Several other brokerages have also weighed in on SWK. Weiss Ratings reiterated a "hold (c)" rating on shares of Stanley Black & Decker in a research report on Wednesday, October 8th. Jefferies Financial Group set a $86.00 price objective on Stanley Black & Decker and gave the stock a "buy" rating in a research report on Monday, August 18th. Wells Fargo & Company increased their price objective on Stanley Black & Decker from $75.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Monday, October 6th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $80.00 price objective on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Finally, Robert W. Baird increased their price objective on Stanley Black & Decker from $65.00 to $78.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $88.10.

Stanley Black & Decker Price Performance

SWK stock opened at $67.79 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34. The business has a 50 day simple moving average of $74.06 and a 200-day simple moving average of $68.81. The firm has a market capitalization of $10.49 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 1.42 and a beta of 1.19. Stanley Black & Decker has a 1 year low of $53.91 and a 1 year high of $106.54.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share (EPS) for the quarter. The business had revenue of $3.72 billion during the quarter. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%. Equities research analysts anticipate that Stanley Black & Decker will post 5.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SWK. Norges Bank purchased a new position in shares of Stanley Black & Decker during the second quarter worth $107,111,000. Ameriprise Financial Inc. raised its stake in shares of Stanley Black & Decker by 59.8% in 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 acquiring an additional 1,326,113 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Stanley Black & Decker by 129.5% in the second quarter. Schroder Investment Management Group now owns 1,753,050 shares of the industrial products company's stock valued at $118,769,000 after acquiring an additional 989,032 shares in the last quarter. Vulcan Value Partners LLC acquired a new stake in shares of Stanley Black & Decker in the first quarter valued at $72,063,000. Finally, ProShare Advisors LLC raised its stake in shares of Stanley Black & Decker by 38.8% in the second quarter. ProShare Advisors LLC now owns 2,723,331 shares of the industrial products company's stock valued at $184,506,000 after acquiring an additional 761,191 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

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.

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