Longbow Research Upgrades Stanley Black & Decker to Buy (SWK)
Stanley Black & Decker (NYSE:SWK) was upgraded by equities researchers at Longbow Research from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports.
Shares of Stanley Black & Decker (NYSE:SWK) traded up 1.31% on Tuesday, hitting $91.755. 139,610 shares of the company’s stock traded hands. Stanley Black & Decker has a 52-week low of $66.18 and a 52-week high of $92.36. The stock’s 50-day moving average is $88.15 and its 200-day moving average is $81.96. The company has a market cap of $14.688 billion and a price-to-earnings ratio of 16.75.
Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Friday, July 26th. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.20 by $0.01. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the previous year, the company posted $1.32 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. Analysts expect that Stanley Black & Decker will post $5.44 EPS for the current fiscal year.
In other Stanley Black & Decker news, SVP Jeffrey Ansell sold 1,250 shares of the company’s stock on the open market in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $92.05, for a total value of $115,062.50. Following the completion of the transaction, the senior vice president now directly owns 78,238 shares of the company’s stock, valued at approximately $7,201,808. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Imperial Capital raised their price target on shares of Stanley Black & Decker (NYSE:SWK) from $87.00 to $93.00 in a research note to investors on Monday. They now have an “in-line” rating on the stock. Separately, analysts at Gabelli initiated coverage on shares of Stanley Black & Decker (NYSE:SWK) in a research note to investors on Wednesday, September 25th. They set a “buy” rating on the stock. Finally, analysts at KeyCorp downgraded shares of Stanley Black & Decker (NYSE:SWK) from a “buy” rating to a “hold” rating in a research note to investors on Thursday, August 8th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $88.22.
Stanley Black & Decker Inc is a diversified global provider of power and hand tools, mechanical access solutions (NYSE:SWK), electronic security and monitoring systems and products and services for various industrial applications.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.