Stanley Black & Decker (NYSE:SWK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “In the past three months, Stanley Black & Decker's shares have outperformed the industry. The company stands to gain from organic and inorganic growth initiatives in the long run. The company is due to acquire IES Attachments and 20% stake in MTD Products. For 2019, exposure in emerging markets, favorable e-commerce trend, cost-saving actions and increased adoption of popular brands will be boon for the company. Organic sales are predicted to grow 4%. Adjusted earnings will likely increase 4-6% to $8.45-$8.65 per share. However, higher commodity inflation, tariff impact and unfavorable movements in foreign currency will dilute earnings in the year. Also, high interest and tax expenses are concerning. Further, increases in debt levels can increase its financial obligations.”
SWK has been the topic of a number of other research reports. Robert W. Baird set a $154.00 target price on Stanley Black & Decker and gave the stock a “hold” rating in a research note on Tuesday, October 16th. ValuEngine downgraded Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Tuesday, January 22nd. Macquarie set a $140.00 target price on Stanley Black & Decker and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Deutsche Bank initiated coverage on Stanley Black & Decker in a research note on Wednesday, November 7th. They issued a “hold” rating and a $136.00 target price on the stock. Finally, Credit Suisse Group set a $135.00 target price on Stanley Black & Decker and gave the stock a “buy” rating in a research note on Friday, October 26th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $156.53.
Stanley Black & Decker stock opened at $134.28 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The stock has a market cap of $19.36 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 1.56 and a beta of 1.24. Stanley Black & Decker has a fifty-two week low of $106.41 and a fifty-two week high of $164.94.
Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Tuesday, January 22nd. The industrial products company reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.01. Stanley Black & Decker had a return on equity of 16.29% and a net margin of 4.62%. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.62 billion. During the same quarter in the prior year, the business earned $2.18 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year. On average, research analysts forecast that Stanley Black & Decker will post 8.56 earnings per share for the current year.
In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 600 shares of the stock in a transaction that occurred on Thursday, January 24th. The stock was sold at an average price of $118.69, for a total transaction of $71,214.00. Following the completion of the transaction, the senior vice president now owns 35,048 shares of the company’s stock, valued at $4,159,847.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.69% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in SWK. Advisors Asset Management Inc. raised its holdings in shares of Stanley Black & Decker by 20.6% during the second quarter. Advisors Asset Management Inc. now owns 23,716 shares of the industrial products company’s stock valued at $3,150,000 after acquiring an additional 4,051 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of Stanley Black & Decker by 51.4% in the second quarter. Schroder Investment Management Group now owns 36,626 shares of the industrial products company’s stock valued at $4,919,000 after purchasing an additional 12,430 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Stanley Black & Decker by 27.4% in the third quarter. Bank of Montreal Can now owns 232,728 shares of the industrial products company’s stock valued at $34,079,000 after purchasing an additional 49,988 shares during the last quarter. Toth Financial Advisory Corp acquired a new stake in shares of Stanley Black & Decker in the third quarter valued at approximately $264,000. Finally, First Hawaiian Bank acquired a new stake in shares of Stanley Black & Decker in the third quarter valued at approximately $416,000. 86.86% of the stock is owned by institutional investors and hedge funds.
About Stanley Black & Decker
Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.
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