Barclays Has Lowered Expectations for Stanley Black & Decker (NYSE:SWK) Stock Price

Stanley Black & Decker (NYSE:SWK) had its price objective reduced by equities researchers at Barclays from $100.00 to $94.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s price objective suggests a potential upside of 15.28% from the stock’s previous close.

A number of other research analysts have also commented on the company. Morgan Stanley lowered their price objective on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Robert W. Baird dropped their price target on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Wells Fargo & Company decreased their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday. The Goldman Sachs Group lifted their target price on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Finally, StockNews.com downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker presently has a consensus rating of “Hold” and an average price target of $101.25.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $81.54 on Wednesday. Stanley Black & Decker has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The stock’s 50-day moving average is $85.41 and its two-hundred day moving average is $93.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42. The firm has a market cap of $12.57 billion, a P/E ratio of -59.52, a PEG ratio of 2.24 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data 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 negative net margin of 1.33% and a positive return on equity of 6.44%. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter last year, the firm earned $1.05 earnings per share. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. Analysts predict that Stanley Black & Decker will post 4.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stanley Black & Decker

Several large investors have recently added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Stanley Black & Decker by 60.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,455 shares of the industrial products company’s stock valued at $2,353,000 after purchasing an additional 11,151 shares in the last quarter. State Street Corp increased its holdings in Stanley Black & Decker by 6.5% in the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after buying an additional 549,531 shares during the period. FMR LLC raised its stake in shares of Stanley Black & Decker by 40.8% in the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock valued at $101,663,000 after buying an additional 267,723 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Stanley Black & Decker by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company’s stock valued at $392,882,000 after acquiring an additional 35,100 shares in the last quarter. Finally, New South Capital Management Inc. increased its stake in Stanley Black & Decker by 7.4% in the third quarter. New South Capital Management Inc. now owns 236,219 shares of the industrial products company’s stock valued at $26,015,000 after acquiring an additional 16,229 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

About Stanley Black & Decker

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.