Stanley Black & Decker (NYSE:SWK) Rating Increased to Overweight at KeyCorp

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Stanley Black & Decker (NYSE:SWK) was upgraded by equities research analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a research report issued on Wednesday, Briefing.com Automated Import reports. The brokerage presently has a $160.00 target price on the industrial products company’s stock. KeyCorp’s price objective points to a potential upside of 11.86% from the stock’s current price.

Several other research firms also recently commented on SWK. Zacks Investment Research raised Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research note on Friday, June 14th. Bank of America started coverage on Stanley Black & Decker in a research note on Friday, June 21st. They issued an “underperform” rating and a $140.00 price objective on the stock. Buckingham Research raised their price objective on Stanley Black & Decker from $154.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Gabelli downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call. Finally, Nomura raised their price objective on Stanley Black & Decker from $160.00 to $163.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $156.47.

Shares of NYSE:SWK opened at $143.04 on Wednesday. The stock has a market capitalization of $21.79 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 1.92 and a beta of 1.39. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.44 and a current ratio of 0.95. The stock’s 50-day simple moving average is $137.37 and its two-hundred day simple moving average is $139.69. Stanley Black & Decker has a 52-week low of $106.41 and a 52-week high of $155.22.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $2.66 EPS for the quarter, topping the consensus estimate of $2.55 by $0.11. Stanley Black & Decker had a return on equity of 17.10% and a net margin of 4.97%. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter last year, the company earned $2.57 earnings per share. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, equities analysts forecast that Stanley Black & Decker will post 8.6 earnings per share for the current fiscal year.

In related news, SVP Jaime A. Ramirez sold 9,850 shares of Stanley Black & Decker stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $151.04, for a total transaction of $1,487,744.00. Following the sale, the senior vice president now owns 45,706 shares of the company’s stock, valued at approximately $6,903,434.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.03% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Stanley Black & Decker by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 12,414,864 shares of the industrial products company’s stock valued at $1,795,314,000 after purchasing an additional 151,641 shares during the period. BlackRock Inc. grew its holdings in Stanley Black & Decker by 0.5% during the 2nd quarter. BlackRock Inc. now owns 9,699,825 shares of the industrial products company’s stock valued at $1,402,690,000 after buying an additional 48,118 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Stanley Black & Decker by 2.2% during the 2nd quarter. Wells Fargo & Company MN now owns 5,073,105 shares of the industrial products company’s stock valued at $733,622,000 after buying an additional 110,568 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in Stanley Black & Decker by 65.9% during the 1st quarter. Neuberger Berman Group LLC now owns 2,286,526 shares of the industrial products company’s stock valued at $311,287,000 after buying an additional 908,040 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Stanley Black & Decker by 5.9% during the 4th quarter. Geode Capital Management LLC now owns 1,947,219 shares of the industrial products company’s stock valued at $232,748,000 after buying an additional 109,205 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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Analyst Recommendations for Stanley Black & Decker (NYSE:SWK)

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