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

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

Other research analysts have also issued reports about the stock. The Goldman Sachs Group raised their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Robert W. Baird dropped their target price on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Morgan Stanley reduced their price objective on 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. Finally, Wells Fargo & Company cut their target price on 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Stanley Black & Decker presently has an average rating of “Hold” and a consensus price target of $103.25.

Stanley Black & Decker Stock Up 3.2 %

Shares of NYSE SWK opened at $82.00 on Thursday. The firm has a market cap of $12.64 billion, a price-to-earnings ratio of -59.85, 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. 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 stock’s 50-day simple moving average is $91.47 and its 200-day simple moving average is $93.42.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same period in the prior year, the company posted $1.05 EPS. Stanley Black & Decker’s quarterly revenue was down 5.1% on a year-over-year basis. As a group, equities analysts anticipate that Stanley Black & Decker will post 4.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SWK. Rise Advisors LLC boosted its position 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 valued at $29,000 after purchasing an additional 133 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in 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 worth $42,000 after buying 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 valued at $56,000. Waldron Private Wealth LLC acquired a new stake in shares of Stanley Black & Decker during the 3rd quarter valued at $59,000. Finally, AM Squared Ltd bought a new stake in shares of Stanley Black & Decker during the 2nd quarter worth $72,000. 87.77% of the stock is owned by institutional investors and hedge funds.

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.