Stanley Black & Decker (NYSE:SWK) Now Covered by Analysts at Jefferies Financial Group

Investment analysts at Jefferies Financial Group began coverage on shares of Stanley Black & Decker (NYSE:SWK - Get Free Report) in a report released on Wednesday, MarketBeat reports. The firm set a "buy" rating and a $103.00 price target on the industrial products company's stock. Jefferies Financial Group's price target would indicate a potential upside of 17.11% from the stock's current price.

Several other brokerages have also recently issued reports on SWK. Morgan Stanley cut their price target on Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 30th. Mizuho upgraded Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 target price for the company in a research report on Thursday, December 19th. Robert W. Baird dropped their price target on Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company dropped their target price on shares of Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $103.00.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock traded down $1.98 on Wednesday, hitting $87.95. The stock had a trading volume of 1,364,775 shares, compared to its average volume of 1,800,385. The stock has a market cap of $13.58 billion, a price-to-earnings ratio of 45.34, a price-to-earnings-growth ratio of 1.32 and a beta of 1.24. The business's 50 day moving average is $84.23 and its two-hundred day moving average is $92.89. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. Stanley Black & Decker has a twelve month low of $77.70 and a twelve month high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Analysts forecast that Stanley Black & Decker will post 5.12 EPS for the current year.

Institutional Trading of Stanley Black & Decker

A number of hedge funds and other institutional investors have recently modified their holdings of SWK. Forum Financial Management LP grew its position in Stanley Black & Decker by 88.0% during the 4th quarter. Forum Financial Management LP now owns 4,814 shares of the industrial products company's stock worth $387,000 after acquiring an additional 2,253 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Stanley Black & Decker during the fourth quarter valued at about $913,000. Public Employees Retirement System of Ohio grew its holdings in shares of Stanley Black & Decker by 0.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 56,349 shares of the industrial products company's stock worth $4,524,000 after purchasing an additional 530 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Stanley Black & Decker by 13.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,057,754 shares of the industrial products company's stock valued at $84,927,000 after buying an additional 121,461 shares during the period. Finally, Worldquant Millennium Advisors LLC raised its holdings in Stanley Black & Decker by 504.0% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 168,238 shares of the industrial products company's stock valued at $13,508,000 after buying an additional 140,385 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

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.