Stanley Black & Decker (NYSE:SWK) Stock Rating Upgraded by Wall Street Zen

Key Points

• Stanley Black & Decker's stock rating was upgraded from "hold" to "buy" by Wall Street Zen, indicating increased analyst confidence in the company's performance.
• While the average price target for the stock currently stands at $89.90, recent ratings from other analysts show a range of price objectives with Barclays lowering their target to $89.00.
• The company's shares have fluctuated significantly, with a 1-year low of $53.91 and a high of $109.91, reflecting its volatile market performance.

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

A number of other research analysts have also recently weighed in on the stock. Barclays dropped their price objective on shares of Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Jefferies Financial Group set a $86.00 price objective on shares of Stanley Black & Decker and gave the company a "buy" rating in a report on Monday, August 18th. Robert W. Baird lifted their price objective on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Wells Fargo & Company lifted their price objective on shares of Stanley Black & Decker from $75.00 to $80.00 and gave the company an "equal weight" rating in a report on Monday, October 6th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Stanley Black & Decker in a report on Wednesday. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $89.90.

Stanley Black & Decker Price Performance

Shares of SWK opened at $64.37 on Friday. Stanley Black & Decker has a 1-year low of $53.91 and a 1-year high of $109.91. The stock has a market cap of $9.96 billion, a PE ratio of 20.43, a P/E/G ratio of 1.45 and a beta of 1.19. The firm has a 50-day simple moving average of $74.23 and a two-hundred day simple moving average of $69.21. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34.

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

Institutional Trading of Stanley Black & Decker

Several institutional investors have recently modified their holdings of SWK. Golden State Wealth Management LLC lifted its position in shares of Stanley Black & Decker by 1,138.5% during the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock worth $25,000 after buying an additional 296 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of Stanley Black & Decker during the 2nd quarter worth approximately $25,000. 1248 Management LLC purchased a new stake in shares of Stanley Black & Decker during the 1st quarter worth approximately $26,000. Chapman Financial Group LLC purchased a new stake in shares of Stanley Black & Decker during the 2nd quarter worth approximately $26,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Stanley Black & Decker during the 2nd quarter worth approximately $28,000. 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.

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