Stanley Black & Decker (NYSE:SWK) Shares Gap Down - Here's What Happened

Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $86.66, but opened at $83.00. Stanley Black & Decker shares last traded at $82.66, with a volume of 299,071 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on SWK shares. Robert W. Baird cut their target price on shares of Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. Barclays reduced their price objective on Stanley Black & Decker from $100.00 to $94.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 8th. UBS Group dropped their target price on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday. Morgan Stanley reduced 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 report on Wednesday, October 30th. Finally, StockNews.com downgraded shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $103.00.

Stanley Black & Decker Trading Up 0.8 %

The business's 50 day moving average price is $83.91 and its two-hundred day moving average price is $93.50. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.30. The company has a market capitalization of $13.34 billion, a price-to-earnings ratio of 44.62, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Equities analysts forecast that Stanley Black & Decker, Inc. will post 5.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stanley Black & Decker

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. acquired a new position in shares of Stanley Black & Decker in the 4th quarter worth approximately $1,386,000. Avanza Fonder AB acquired a new position in Stanley Black & Decker in the fourth quarter worth approximately $1,287,000. State Street Corp lifted its position in shares of 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 valued at $998,107,000 after acquiring an additional 549,531 shares during the last quarter. FMR LLC boosted its stake in shares of Stanley Black & Decker by 40.8% during the 3rd 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, Geode Capital Management LLC grew its holdings in shares of Stanley Black & Decker by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company's stock worth $392,882,000 after acquiring an additional 35,100 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

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.