Stanley Black & Decker (NYSE:SWK) Rating Increased to Peer Perform at Wolfe Research

Stanley Black & Decker (NYSE:SWK - Get Free Report) was upgraded by equities research analysts at Wolfe Research from an "underperform" rating to a "peer perform" rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports.

A number of other research firms also recently commented on SWK. Barclays upgraded shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $69.00 to $90.00 in a research note on Tuesday, May 13th. Wells Fargo & Company increased their price target on shares of Stanley Black & Decker from $60.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Robert W. Baird boosted their price objective on Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. UBS Group reduced their target price on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. decreased their target price 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker currently has an average rating of "Hold" and an average target price of $92.10.

Stanley Black & Decker Trading Down 2.4%

NYSE:SWK opened at $69.39 on Tuesday. The stock has a market cap of $10.74 billion, a price-to-earnings ratio of 28.79, a price-to-earnings-growth ratio of 1.36 and a beta of 1.18. Stanley Black & Decker has a one year low of $53.91 and a one year high of $110.88. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 1.10. The business's 50-day simple moving average is $66.33 and its 200 day simple moving average is $74.27.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.07. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.73 billion. Stanley Black & Decker had a return on equity of 7.85% and a net margin of 2.40%. Stanley Black & Decker's quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 EPS. As a group, sell-side analysts predict that Stanley Black & Decker will post 5.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stanley Black & Decker

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Stanley Black & Decker by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company's stock worth $1,540,445,000 after purchasing an additional 495,103 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Stanley Black & Decker by 1.4% during the fourth 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 acquiring an additional 246,800 shares during the period. Capital Research Global Investors boosted its holdings in shares of Stanley Black & Decker by 126.5% during the fourth quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock valued at $440,424,000 after acquiring an additional 3,063,114 shares during the period. Invesco Ltd. boosted its holdings in shares of 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 acquiring an additional 763,219 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Stanley Black & Decker by 0.5% during the fourth quarter. Wells Fargo & Company MN now owns 3,895,026 shares of the industrial products company's stock valued at $312,732,000 after acquiring 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.

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