Argus Upgrades Stanley Black & Decker (NYSE:SWK) to “Hold”

Stanley Black & Decker (NYSE:SWK) was upgraded by equities researchers at Argus to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts have also recently commented on SWK. Morgan Stanley set a $88.00 target price on shares of Stanley Black & Decker in a report on Monday, December 22nd. The Goldman Sachs Group reiterated a “neutral” rating and set a $84.00 target price on shares of Stanley Black & Decker in a report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, January 21st. Citigroup increased their price objective on Stanley Black & Decker from $90.00 to $100.00 and gave the company a “buy” rating in a report on Friday. Finally, UBS Group dropped their price target on shares of Stanley Black & Decker from $105.00 to $98.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $87.00.

Stanley Black & Decker Stock Up 2.1%

NYSE:SWK opened at $91.70 on Tuesday. The company has a market cap of $14.20 billion, a price-to-earnings ratio of 34.60, a P/E/G ratio of 1.27 and a beta of 1.21. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.35 and a current ratio of 1.14. The stock’s fifty day moving average price is $78.79 and its two-hundred day moving average price is $74.07. Stanley Black & Decker has a 52-week low of $53.91 and a 52-week high of $93.09.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, February 4th. The industrial products company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.14. Stanley Black & Decker had a return on equity of 7.90% and a net margin of 2.66%.The company had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the previous year, the company posted $1.49 earnings per share. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. On average, analysts anticipate that Stanley Black & Decker will post 5.16 EPS for the current year.

Hedge Funds Weigh In On Stanley Black & Decker

Several hedge funds have recently bought and sold shares of SWK. Norges Bank bought a new stake in shares of Stanley Black & Decker during the 4th quarter worth approximately $133,961,000. Ameriprise Financial Inc. lifted its holdings in shares of Stanley Black & Decker by 49.5% in the third quarter. Ameriprise Financial Inc. now owns 4,379,653 shares of the industrial products company’s stock worth $325,541,000 after acquiring an additional 1,450,170 shares during the last quarter. Freestone Grove Partners LP acquired a new stake in shares of Stanley Black & Decker in the 3rd quarter valued at approximately $95,602,000. Strive Asset Management LLC acquired a new position in Stanley Black & Decker during the 3rd quarter worth approximately $78,480,000. Finally, Clean Energy Transition LLP boosted its position in Stanley Black & Decker by 56.8% in the third quarter. Clean Energy Transition LLP now owns 2,799,218 shares of the industrial products company’s stock valued at $208,066,000 after buying an additional 1,013,756 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.