Stanley Black & Decker (NYSE:SWK) Cut to Buy at Wall Street Zen

by · The Markets Daily

Wall Street Zen cut shares of Stanley Black & Decker (NYSE:SWK – Free Report) from a strong-buy rating to a buy rating in a report issued on Saturday,Wall Street Zen reports.

Several other equities analysts have also weighed in on the company. Citigroup raised their target price on Stanley Black & Decker from $100.00 to $107.00 and gave the company a “buy” rating in a report on Friday, July 31st. The Goldman Sachs Group reiterated a “neutral” rating and set a $93.00 price target on shares of Stanley Black & Decker in a research note on Wednesday, July 29th. Wells Fargo & Company lowered their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Friday, October 16th. Morgan Stanley set a $100.00 price objective on Stanley Black & Decker in a report on Tuesday, October 6th. Finally, Weiss Ratings raised Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus price target of $94.11.

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Stanley Black & Decker Price Performance

Shares of SWK opened at $99.31 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.43. The firm has a market cap of $15.00 billion, a PE ratio of 19.05, a PEG ratio of 1.47 and a beta of 1.17. The firm’s 50 day moving average price is $93.29 and its 200 day moving average price is $85.10. Stanley Black & Decker has a twelve month low of $61.90 and a twelve month high of $104.68.

Stanley Black & Decker (NYSE:SWK – Get Free Report) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.21 by $0.36. The company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 earnings per share. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. As a group, research analysts expect that Stanley Black & Decker will post 5.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Center for Financial Planning Inc. lifted its position in shares of Stanley Black & Decker by 7.4% during the 3rd quarter. Center for Financial Planning Inc. now owns 2,478 shares of the industrial products company’s stock worth $220,000 after purchasing an additional 170 shares during the last quarter. Verdence Capital Advisors LLC grew its holdings in Stanley Black & Decker by 8.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,467 shares of the industrial products company’s stock valued at $219,000 after buying an additional 201 shares during the last quarter. Bell Bank increased its position in Stanley Black & Decker by 0.9% in the 3rd quarter. Bell Bank now owns 96,223 shares of the industrial products company’s stock worth $8,524,000 after buying an additional 812 shares during the period. V Square Quantitative Management LLC increased its position in Stanley Black & Decker by 5.1% in the 3rd quarter. V Square Quantitative Management LLC now owns 3,924 shares of the industrial products company’s stock worth $348,000 after buying an additional 192 shares during the period. Finally, Rockland Trust Co. lifted its holdings in shares of Stanley Black & Decker by 2.7% during the third quarter. Rockland Trust Co. now owns 8,970 shares of the industrial products company’s stock worth $795,000 after buying an additional 239 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Company Profile

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Stanley Black & Decker, Inc is a global manufacturer of tools, outdoor products and related equipment. The company serves professional contractors, industrial customers, do-it-yourself consumers and outdoor enthusiasts through a portfolio that includes power tools, hand tools, storage solutions, accessories, lawn and garden equipment, and other outdoor products.

Its brands include DEWALT, CRAFTSMAN, STANLEY, BLACK+DECKER, Cub Cadet, Hustler and Troy-Bilt. Products are sold through retailers, distributors, e-commerce channels and other commercial outlets, supporting construction, maintenance, manufacturing, automotive repair and residential applications.

The company was formed in 2010 through the merger of The Stanley Works and The Black & Decker Corporation.

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