StockNews.com Downgrades Stanley Black & Decker (NYSE:SWK) to Hold

Stanley Black & Decker (NYSE:SWK - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Tuesday.

SWK has been the topic of several other reports. The Goldman Sachs Group raised their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. 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 report on Wednesday, October 30th. 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 report on Wednesday, October 30th. UBS Group lifted their target price on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Finally, Barclays increased their target price on Stanley Black & Decker from $96.00 to $100.00 and gave the company an "equal weight" rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $102.29.

Stanley Black & Decker Trading Up 2.4 %

SWK stock traded up $2.27 during mid-day trading on Tuesday, reaching $96.69. 1,332,162 shares of the stock traded hands, compared to its average volume of 1,410,500. Stanley Black & Decker has a one year low of $77.70 and a one year high of $110.88. The stock has a market capitalization of $14.91 billion, a PE ratio of -70.58, a PEG ratio of 2.52 and a beta of 1.25. 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 business has a 50-day moving average price of $103.08 and a two-hundred day moving average price of $93.91.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.17. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The firm's quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 earnings per share. Equities research analysts expect that Stanley Black & Decker will post 4.12 EPS for the current year.

Institutional Trading of Stanley Black & Decker

Several institutional investors have recently made changes to their positions in the stock. Rise Advisors LLC grew its holdings in Stanley Black & Decker by 99.3% during the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 133 shares in the last quarter. AlphaMark Advisors LLC acquired a new position in shares of Stanley Black & Decker in the 2nd quarter valued at approximately $32,000. EverSource Wealth Advisors LLC boosted its stake in shares of Stanley Black & Decker by 81.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company's stock valued at $42,000 after buying an additional 237 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Stanley Black & Decker during the second quarter worth approximately $56,000. Finally, Waldron Private Wealth LLC acquired a new stake in Stanley Black & Decker in the third quarter valued at $59,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

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.