Stanley Black & Decker (NYSE:SWK) Raised to “Outperform” at Mizuho

Stanley Black & Decker (NYSE:SWK) was upgraded by research analysts at Mizuho from a “neutral” rating to an “outperform” rating in a report released on Thursday, MarketBeat.com reports. The brokerage presently has a $110.00 target price on the industrial products company’s stock. Mizuho’s price target would indicate a potential upside of 34.15% from the company’s current price.

Several other research firms have also weighed in on SWK. Morgan Stanley dropped their price objective on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Wells Fargo & Company dropped their price target on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Robert W. Baird reduced their price objective 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. Barclays upped their target price on Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group boosted their price target 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. 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $103.25.

Stanley Black & Decker Trading Up 3.2 %

Stanley Black & Decker stock opened at $82.00 on Thursday. The company has a 50 day moving average price of $91.47 and a 200 day moving average price of $93.42. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. Stanley Black & Decker has a 52 week low of $77.70 and a 52 week high of $110.88. The firm has a market capitalization of $12.64 billion, a price-to-earnings ratio of -59.85, a P/E/G ratio of 2.24 and a beta of 1.23.

Stanley Black & Decker (NYSE:SWK) 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. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the prior year, the business earned $1.05 EPS. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. Research analysts forecast that Stanley Black & Decker will post 4.12 EPS for the current year.

Hedge Funds Weigh In On Stanley Black & Decker

A number of institutional investors have recently modified their holdings of the company. Rise Advisors LLC boosted its holdings in shares of Stanley Black & Decker by 99.3% during the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after buying an additional 133 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Stanley Black & Decker by 81.4% in the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 237 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of Stanley Black & Decker in the second quarter worth about $56,000. Waldron Private Wealth LLC acquired a new position in shares of Stanley Black & Decker during the 3rd quarter worth about $59,000. Finally, AM Squared Ltd acquired a new stake in Stanley Black & Decker in the 2nd quarter valued at approximately $72,000. Institutional investors own 87.77% of the company’s stock.

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.