Jefferies Financial Group Begins Coverage on Stanley Black & Decker (NYSE:SWK)

Stock analysts at Jefferies Financial Group began coverage on shares of Stanley Black & Decker (NYSE:SWK) in a report released on Wednesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $103.00 price target on the industrial products company’s stock. Jefferies Financial Group’s price target suggests a potential upside of 18.36% from the company’s current price.

SWK has been the topic of several other research reports. Barclays cut their target price on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Thursday, December 19th. UBS Group cut their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Wells Fargo & Company cut 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 Tuesday, January 7th. Finally, StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $103.00.

Stanley Black & Decker Trading Down 0.1 %

SWK stock opened at $87.02 on Wednesday. The company has a market capitalization of $13.42 billion, a PE ratio of 44.86, a price-to-earnings-growth ratio of 1.30 and a beta of 1.24. Stanley Black & Decker has a one year low of $77.70 and a one year high of $110.88. The company’s 50 day moving average price is $83.93 and its two-hundred day moving average price is $93.02. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. As a group, analysts predict that Stanley Black & Decker will post 5.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stanley Black & Decker

A number of hedge funds have recently bought and sold shares of the business. Empirical Finance LLC grew its stake in shares of Stanley Black & Decker by 2.1% during the 3rd quarter. Empirical Finance LLC now owns 5,276 shares of the industrial products company’s stock valued at $581,000 after acquiring an additional 111 shares during the period. Advisors Management Group Inc. ADV boosted its stake in Stanley Black & Decker by 3.2% in the 3rd quarter. Advisors Management Group Inc. ADV now owns 3,820 shares of the industrial products company’s stock worth $421,000 after purchasing an additional 117 shares during the period. MML Investors Services LLC boosted its stake in Stanley Black & Decker by 0.8% in the 3rd quarter. MML Investors Services LLC now owns 15,798 shares of the industrial products company’s stock worth $1,740,000 after purchasing an additional 127 shares during the period. Assetmark Inc. boosted its stake in Stanley Black & Decker by 1.4% in the 3rd quarter. Assetmark Inc. now owns 9,438 shares of the industrial products company’s stock worth $1,039,000 after purchasing an additional 130 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Stanley Black & Decker by 0.7% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company’s stock worth $1,758,000 after purchasing an additional 149 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Storage segment, and Industrial segment.