Sandvik (OTCMKTS:SDVKY) Downgraded by Kepler Capital Markets to Hold

Sandvik (OTCMKTS:SDVKY) was downgraded by investment analysts at Kepler Capital Markets from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other research analysts have also commented on SDVKY. Nordea Equity Research upgraded Sandvik to a “hold” rating in a report on Wednesday, April 15th. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Sandvik in a report on Thursday, April 9th. Zacks Research lowered shares of Sandvik from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Sandvik in a research report on Thursday, June 18th. Finally, Citigroup cut shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Sandvik currently has an average rating of “Hold”.

Sandvik Trading Up 0.3%

Shares of OTCMKTS:SDVKY opened at $40.00 on Wednesday. Sandvik has a 1 year low of $23.96 and a 1 year high of $44.53. The firm has a fifty day moving average price of $40.31 and a 200 day moving average price of $39.77. The company has a current ratio of 1.96, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $50.18 billion, a PE ratio of 31.50, a P/E/G ratio of 1.14 and a beta of 1.50.

Sandvik (OTCMKTS:SDVKY) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. Sandvik had a return on equity of 16.92% and a net margin of 12.16%.The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.43 billion. Analysts expect that Sandvik will post 1.71 EPS for the current fiscal year.

Institutional Investors Weigh In On Sandvik

An institutional investor recently raised its stake in Sandvik stock. GAMMA Investing LLC lifted its position in Sandvik AB (OTCMKTS:SDVKY) by 17.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,704 shares of the industrial products company’s stock after buying an additional 1,298 shares during the period. GAMMA Investing LLC’s holdings in Sandvik were worth $281,000 as of its most recent SEC filing. Institutional investors own 0.74% of the company’s stock.

Sandvik Company Profile

Sandvik (OTCMKTS: SDVKY) is a global engineering group headquartered in Sandviken, Sweden, with roots dating back to 1862 when it was founded by Göran Fredrik Göransson. The company designs, manufactures and services advanced products and solutions for the mining and construction industries, metalworking and material technology markets. Sandvik serves customers worldwide with a broad portfolio of industrial products, equipment and aftermarket services.

Sandvik’s core activities span three broad areas: metal-cutting and machining solutions, mining and rock excavation equipment, and specialty materials and components.