Stanley Black & Decker: S&P Intraday Laggard

NEW YORK (TheStreet) -- Stanley Black & Decker(SWK) was the worst performer in the S&P 500 Thursday morning.

The S&P 500 was falling 3.86 points , or 0.28%, to 1,381.28.

Shares of Stanley Black & Decker fell 7.08% in Thursday morning trading to $72.93. The company reported first-quarter earnings Wednesday of $121.8 million, or 72 cents a share, down from year-earlier earnings of $158.7 million, or 92 cents a share. Analysts, on average, expected earnings of $1.12 a share.

Stanley Black & Decker has an estimated price-to-earnings ratio for next year of 10.79 times; the average for durable household products is 10.27. For comparison, Newell Rubbermaid(NWL) has a lower forward P/E of 9.47.

Ten of the 15 analysts who cover Stanley Black & Decker rated it buy; five analysts gave the stock a hold rating.

TheStreet Ratings gives Stanley Black & Decker an A grade with a buy rating and $89.69 price target. The stock has risen 7.6% year to date.