Morgan Stanley began coverage on shares of Stanley Black & Decker (NYSE:SWK) in a research note issued on Monday, The Fly reports. The firm set an “overweight” rating and a $164.00 price target on the industrial products company’s stock. Morgan Stanley’s target price points to a potential upside of 15.22% from the stock’s previous close.

A number of other research analysts have also recently issued reports on SWK. Wolfe Research began coverage on shares of Stanley Black & Decker in a research note on Wednesday, June 27th. They issued a “market perform” rating for the company. ValuEngine cut shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Wednesday, June 20th. Wells Fargo & Co cut their target price on shares of Stanley Black & Decker from $194.00 to $168.00 and set an “outperform” rating for the company in a research note on Tuesday, July 17th. Robert W. Baird reiterated a “neutral” rating on shares of Stanley Black & Decker in a research note on Friday, July 20th. Finally, B. Riley reissued a “buy” rating on shares of Stanley Black & Decker in a report on Thursday, June 7th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Stanley Black & Decker presently has a consensus rating of “Buy” and a consensus price target of $180.29.

NYSE:SWK opened at $142.34 on Monday. Stanley Black & Decker has a 1 year low of $130.56 and a 1 year high of $176.62. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.94 and a quick ratio of 0.51. The company has a market capitalization of $21.63 billion, a PE ratio of 19.11, a PEG ratio of 1.67 and a beta of 1.01.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Friday, July 20th. The industrial products company reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.54. Stanley Black & Decker had a net margin of 7.52% and a return on equity of 16.54%. The company had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same quarter in the previous year, the company posted $0.58 earnings per share. Stanley Black & Decker’s quarterly revenue was up 10.9% compared to the same quarter last year. sell-side analysts anticipate that Stanley Black & Decker will post 8.39 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Stanley Black & Decker by 93.0% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 3,076 shares of the industrial products company’s stock valued at $471,000 after buying an additional 1,482 shares during the period. Daiwa Securities Group Inc. lifted its position in Stanley Black & Decker by 3.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 18,606 shares of the industrial products company’s stock valued at $2,850,000 after acquiring an additional 537 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its position in Stanley Black & Decker by 266.3% in the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 26,865 shares of the industrial products company’s stock valued at $4,035,000 after acquiring an additional 19,530 shares in the last quarter. Dupont Capital Management Corp bought a new stake in Stanley Black & Decker in the 1st quarter valued at $177,000. Finally, Fulton Bank N.A. lifted its position in Stanley Black & Decker by 43.7% in the 1st quarter. Fulton Bank N.A. now owns 3,987 shares of the industrial products company’s stock valued at $610,000 after acquiring an additional 1,212 shares in the last quarter. 83.55% of the stock is owned by hedge funds and other institutional investors.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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

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