Stanley Black & Decker (NYSE:SWK) Upgraded at Mizuho

Stanley Black & Decker (NYSE:SWK - Get Free Report) was upgraded by analysts at Mizuho from a "neutral" rating to an "outperform" rating in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The firm presently has a $110.00 price objective on the industrial products company's stock. Mizuho's price objective points to a potential upside of 38.49% from the company's previous close.

Several other analysts have also recently commented on SWK. StockNews.com cut shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. The Goldman Sachs Group upped their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Robert W. Baird lowered their price target on Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating for the company in a report on Wednesday, October 30th. Wells Fargo & Company cut their price objective on shares of Stanley Black & Decker from $104.00 to $100.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 30th. Finally, Morgan Stanley dropped their price target 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $103.25.

Stanley Black & Decker Price Performance

SWK stock traded up $0.36 on Thursday, reaching $79.43. The company had a trading volume of 2,443,114 shares, compared to its average volume of 1,466,598. 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 company's fifty day moving average is $92.54 and its 200 day moving average is $93.55. The company has a market cap of $12.25 billion, a P/E ratio of -57.98, a PEG ratio of 2.24 and a beta of 1.23. Stanley Black & Decker has a 1 year low of $77.70 and a 1 year high of $110.88.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Clean Energy Transition LLP raised its stake in shares of Stanley Black & Decker by 49.0% during the third quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company's stock valued at $218,518,000 after purchasing an additional 652,780 shares during the period. State Street Corp increased its stake in Stanley Black & Decker by 6.5% during the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company's stock worth $998,107,000 after buying an additional 549,531 shares during the period. International Assets Investment Management LLC grew its stake in shares of Stanley Black & Decker by 14,394.0% during the third quarter. International Assets Investment Management LLC now owns 393,657 shares of the industrial products company's stock valued at $43,353,000 after acquiring an additional 390,941 shares in the last quarter. FMR LLC lifted its stake 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 acquiring an additional 267,723 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Stanley Black & Decker by 18.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company's stock valued at $134,444,000 after purchasing an additional 267,013 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Company Profile

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.