Stanley Black & Decker (NYSE:SWK) Stock Rating Upgraded by Barclays

Stanley Black & Decker (NYSE:SWK - Get Free Report) was upgraded by equities researchers at Barclays from an "equal weight" rating to an "overweight" rating in a research note issued on Tuesday, Marketbeat.com reports. The firm currently has a $90.00 price objective on the industrial products company's stock, up from their prior price objective of $69.00. Barclays's price objective would suggest a potential upside of 26.02% from the company's previous close.

SWK has been the subject of a number of other reports. Jefferies Financial Group started coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They set a "buy" rating and a $103.00 target price for the company. Citigroup lowered their target price on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Wells Fargo & Company lowered their target price on Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. UBS Group lowered their target price on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. lowered their target price on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $91.10.

Stanley Black & Decker Trading Up 1.0%

Shares of NYSE SWK traded up $0.72 during mid-day trading on Tuesday, reaching $71.42. 2,275,722 shares of the company's stock were exchanged, compared to its average volume of 1,865,346. The firm has a market capitalization of $11.05 billion, a price-to-earnings ratio of 36.81, a PEG ratio of 1.33 and a beta of 1.19. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. Stanley Black & Decker has a 52-week low of $53.91 and a 52-week high of $110.88. The company's 50-day moving average is $67.40 and its 200-day moving average is $79.43.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.07. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The company had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.73 billion. During the same period last year, the business posted $0.56 EPS. Stanley Black & Decker's revenue for the quarter was down 3.2% on a year-over-year basis. Analysts expect that Stanley Black & Decker will post 5.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Stanley Black & Decker

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Research Global Investors raised its position in shares of 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 in the last quarter. Norges Bank acquired a new stake in shares of Stanley Black & Decker during the 4th quarter worth about $117,231,000. Ameriprise Financial Inc. raised its position in shares of Stanley Black & Decker by 59.8% during the 1st quarter. Ameriprise Financial Inc. now owns 3,541,878 shares of the industrial products company's stock worth $272,294,000 after acquiring an additional 1,326,113 shares in the last quarter. Vulcan Value Partners LLC acquired a new stake in shares of Stanley Black & Decker during the 1st quarter worth about $72,063,000. Finally, Invesco Ltd. raised its position in shares of Stanley Black & Decker by 22.6% during the 4th quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company's stock worth $332,336,000 after acquiring an additional 763,219 shares in the last quarter. Hedge funds and other institutional investors 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.