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

Stanley Black & Decker (NYSE:SWK) was upgraded by investment analysts at Mizuho from a “neutral” rating to an “outperform” rating in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a $110.00 price target on the industrial products company’s stock. Mizuho’s target price suggests a potential upside of 39.12% from the stock’s previous close.

Several other equities analysts have also weighed in on the stock. 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 report on Wednesday, October 30th. Barclays upped their price target on Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Robert W. Baird decreased their price objective 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. The Goldman Sachs Group increased their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Finally, StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $103.25.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock opened at $79.07 on Thursday. The business has a 50-day moving average price of $92.54 and a two-hundred day moving average price of $93.55. Stanley Black & Decker has a 1-year low of $77.70 and a 1-year high of $110.88. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. The company has a market cap of $12.19 billion, a P/E ratio of -57.72, a PEG ratio of 2.24 and a beta of 1.23.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 earnings per share. As a group, analysts anticipate that Stanley Black & Decker will post 4.12 EPS for the current year.

Hedge Funds Weigh In On Stanley Black & Decker

Several institutional investors have recently modified their holdings of the business. Rise Advisors LLC grew its stake in Stanley Black & Decker by 99.3% in 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 during the period. EverSource Wealth Advisors LLC increased its holdings in Stanley Black & Decker by 81.4% during 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 stake in Stanley Black & Decker in the second quarter worth about $56,000. Waldron Private Wealth LLC purchased a new position in Stanley Black & Decker in the third quarter valued at about $59,000. Finally, AM Squared Ltd bought a new position in shares of Stanley Black & Decker during the 2nd quarter valued at approximately $72,000. 87.77% of the stock is owned by 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.