Stanley Black & Decker's (SWK) "Hold (C)" Rating Reiterated at Weiss Ratings

Key Points

• Stanley Black & Decker's stock rating has been restated as "hold (C)" by Weiss Ratings, reflecting a consensus rating of "Hold" with a target price of $88.10.
• Investment analysts from various firms have shown mixed views, with Wells Fargo and Morgan Stanley increasing their target price to $80.00, while Barclays lowered its target from $90.00 to $89.00.
• The company's recent quarterly results reported an EPS of $2.85, with revenue of $3.72 billion, and analysts predict an EPS of 5.16 for the current year.

Stanley Black & Decker (NYSE:SWK - Get Free Report)'s stock had its "hold (c)" rating restated by investment analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

A number of other equities research analysts also recently weighed in on SWK. Wells Fargo & Company lifted their target price 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. Morgan Stanley reissued a "positive" rating and set a $80.00 target price on shares of Stanley Black & Decker in a research report on Tuesday, October 14th. Wolfe Research raised Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 8th. Barclays decreased their target price on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Finally, Robert W. Baird lifted their target price 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 given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $88.10.

Stanley Black & Decker Trading Down 0.3%

Shares of NYSE:SWK opened at $70.19 on Friday. The company has a market cap of $10.86 billion, a P/E ratio of 22.28, a P/E/G ratio of 1.47 and a beta of 1.19. The stock's 50-day moving average is $73.75 and its 200-day moving average is $69.07. Stanley Black & Decker has a 52-week low of $53.91 and a 52-week high of $104.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SWK. Norges Bank acquired a new position in Stanley Black & Decker during the 2nd quarter worth $107,111,000. Ameriprise Financial Inc. lifted its holdings in 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 buying an additional 1,326,113 shares in the last quarter. Schroder Investment Management Group lifted its holdings in Stanley Black & Decker by 129.5% during the 2nd quarter. Schroder Investment Management Group now owns 1,753,050 shares of the industrial products company's stock worth $118,769,000 after buying an additional 989,032 shares in the last quarter. Vulcan Value Partners LLC acquired a new position in Stanley Black & Decker during the 1st quarter worth $72,063,000. Finally, ProShare Advisors LLC lifted its holdings in Stanley Black & Decker by 38.8% during the 2nd quarter. ProShare Advisors LLC now owns 2,723,331 shares of the industrial products company's stock worth $184,506,000 after buying an additional 761,191 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

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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