Stanley Black & Decker (NYSE:SWK) Upgraded to Overweight at Barclays

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

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

Stanley Black & Decker Trading Up 1.0%

Shares of SWK stock traded up $0.72 during trading on Tuesday, hitting $71.42. 2,275,722 shares of the stock traded hands, compared to its average volume of 1,861,613. The firm has a market capitalization of $11.05 billion, a P/E ratio of 36.81, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The firm's fifty day moving average price is $67.63 and its 200-day moving average price is $79.69. Stanley Black & Decker has a 52-week low of $53.91 and a 52-week high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.68 by $0.07. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.73 billion. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. The business's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.56 EPS. As a group, research analysts forecast that Stanley Black & Decker will post 5.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stanley Black & Decker

Institutional investors and hedge funds have recently bought and sold shares of the stock. Golden State Wealth Management LLC raised its holdings in shares of Stanley Black & Decker by 1,138.5% in the first quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock valued at $25,000 after buying an additional 296 shares during the last quarter. 1248 Management LLC acquired a new stake in shares of Stanley Black & Decker during the first quarter valued at $26,000. Hanson & Doremus Investment Management acquired a new stake in Stanley Black & Decker during the first quarter worth approximately $31,000. TD Private Client Wealth LLC boosted its position in Stanley Black & Decker by 830.4% during the first quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock worth $33,000 after acquiring an additional 382 shares during the last quarter. Finally, Cape Investment Advisory Inc. boosted its holdings in shares of Stanley Black & Decker by 107.2% in the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 237 shares during the last quarter. 87.77% of the stock is 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.