Stanley Black & Decker (NYSE:SWK) Downgraded to “Hold” Rating by StockNews.com

Stanley Black & Decker (NYSE:SWK) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Several other analysts have also commented on the company. Barclays raised their price objective on Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. UBS Group lifted their price target on Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group lifted their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Robert W. Baird lowered their price target on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company lowered their price target on Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Stanley Black & Decker has a consensus rating of “Hold” and an average price target of $102.29.

Stanley Black & Decker Stock Down 4.8 %

Shares of SWK stock opened at $92.04 on Tuesday. The stock has a 50 day moving average of $102.92 and a 200 day moving average of $93.90. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. The stock has a market cap of $14.19 billion, a P/E ratio of -67.18, a P/E/G ratio of 2.55 and a beta of 1.25. Stanley Black & Decker has a twelve month low of $77.70 and a twelve month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The company had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.80 billion. During the same period last year, the business earned $1.05 earnings per share. Stanley Black & Decker’s quarterly revenue was down 5.1% on a year-over-year basis. As a group, sell-side analysts expect that Stanley Black & Decker will post 4.12 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. raised its position in Stanley Black & Decker by 6.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,784 shares of the industrial products company’s stock valued at $2,819,000 after purchasing an additional 1,776 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in Stanley Black & Decker by 6.7% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,702 shares of the industrial products company’s stock worth $460,000 after buying an additional 297 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Stanley Black & Decker by 13.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 22,257 shares of the industrial products company’s stock worth $2,180,000 after buying an additional 2,668 shares during the last quarter. Mutual of America Capital Management LLC raised its position in Stanley Black & Decker by 2.9% during the 1st quarter. Mutual of America Capital Management LLC now owns 49,105 shares of the industrial products company’s stock worth $4,809,000 after buying an additional 1,381 shares during the last quarter. Finally, Commerce Bank raised its position in Stanley Black & Decker by 6.4% during the 1st quarter. Commerce Bank now owns 70,665 shares of the industrial products company’s stock worth $6,920,000 after buying an additional 4,223 shares during 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 provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.