Stanley Black & Decker (NYSE:SWK) Rating Lowered to “Hold” at Wall Street Zen

Stanley Black & Decker (NYSE:SWK) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

A number of other equities research analysts have also weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a report on Wednesday, October 8th. Robert W. Baird boosted their target price on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Barclays reduced their target price on shares of Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. The Goldman Sachs Group reissued a “neutral” rating and set a $80.00 target price on shares of Stanley Black & Decker in a report on Wednesday, July 30th. Finally, Wells Fargo & Company boosted their target price on shares of Stanley Black & Decker from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Monday, October 6th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $88.10.

Stanley Black & Decker Trading Up 1.8%

Shares of Stanley Black & Decker stock opened at $69.09 on Friday. The firm has a market capitalization of $10.69 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 1.42 and a beta of 1.19. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The firm’s 50 day moving average is $74.06 and its 200 day moving average is $68.88. Stanley Black & Decker has a 1 year low of $53.91 and a 1 year high of $106.54.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC lifted its position in shares of Stanley Black & Decker by 1,138.5% during the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 296 shares during the period. 1248 Management LLC acquired a new position in shares of Stanley Black & Decker during the 1st quarter valued at $26,000. Princeton Global Asset Management LLC acquired a new position in shares of Stanley Black & Decker during the 2nd quarter valued at $25,000. Chapman Financial Group LLC acquired a new position in shares of Stanley Black & Decker during the 2nd quarter valued at $26,000. Finally, Hanson & Doremus Investment Management acquired a new position in shares of Stanley Black & Decker during the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

About Stanley Black & Decker

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.