Stanley Black & Decker (NYSE:SWK) Stock Rating Lowered by Wall Street Zen

Stanley Black & Decker (NYSE:SWK) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.

Several other research analysts have also recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of 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. Weiss Ratings upgraded shares of Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. The Goldman Sachs Group restated a “neutral” rating and issued a $93.00 price target on shares of Stanley Black & Decker in a report on Wednesday, July 29th. Citigroup upped their price target on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Mizuho dropped their price objective on shares of Stanley Black & Decker from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $94.11.

Stanley Black & Decker Trading Up 0.2%

Shares of NYSE SWK opened at $99.47 on Friday. Stanley Black & Decker has a twelve month low of $61.90 and a twelve month high of $104.68. The firm has a market cap of $15.02 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 1.47 and a beta of 1.17. The business has a fifty day simple moving average of $93.20 and a two-hundred day simple moving average of $87.46. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.53.

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

Institutional Investors Weigh In On Stanley Black & Decker

A number of institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. boosted its holdings in shares of Stanley Black & Decker by 533.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 96,322 shares of the industrial products company’s stock valued at $9,066,000 after buying an additional 81,121 shares in the last quarter. Oak Thistle LLC purchased a new position in shares of Stanley Black & Decker in the 2nd quarter worth approximately $1,440,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Stanley Black & Decker in the 1st quarter worth approximately $47,448,000. Benjamin Edwards Inc. bought a new position in shares of Stanley Black & Decker during the 2nd quarter worth approximately $1,115,000. Finally, Beacon Pointe Advisors LLC bought a new position in shares of Stanley Black & Decker during the 2nd quarter worth approximately $1,365,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Company Profile

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.