Stanley Black & Decker, Inc. (NYSE:SWK) Receives Consensus Rating of “Hold” from Brokerages

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have earned an average rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $103.11.

A number of research analysts have weighed in on the company. Barclays lowered their target price on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Robert W. Baird dropped their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. StockNews.com downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Morgan Stanley cut their price objective on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company decreased their target price on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th.

Institutional Investors Weigh In On Stanley Black & Decker

A number of institutional investors have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. bought a new position in shares of Stanley Black & Decker during the fourth quarter worth $1,386,000. Avanza Fonder AB purchased a new position in shares of Stanley Black & Decker during the fourth quarter valued at about $1,287,000. State Street Corp increased its holdings in shares of Stanley Black & Decker by 6.5% in the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock worth $998,107,000 after purchasing an additional 549,531 shares during the last quarter. FMR LLC lifted its position in shares of Stanley Black & Decker by 40.8% in the third quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock worth $101,663,000 after buying an additional 267,723 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in 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 buying an additional 35,100 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK opened at $86.00 on Friday. The business has a 50-day simple moving average of $84.04 and a two-hundred day simple moving average of $93.52. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. The firm has a market cap of $13.26 billion, a price-to-earnings ratio of -62.77, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24. Stanley Black & Decker has a fifty-two week low of $77.70 and a fifty-two week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. On average, analysts expect that Stanley Black & Decker will post 4.14 earnings per share for the current year.

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 Storage segment, and Industrial segment.