Stanley Black & Decker (SWK) PT Lowered to $150.00

Stanley Black & Decker (NYSE:SWK) had its target price lowered by stock analysts at Wells Fargo & Co from $162.00 to $150.00 in a research report issued on Friday. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Wells Fargo & Co’s target price would indicate a potential upside of 36.10% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. ValuEngine cut Stanley Black & Decker from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Credit Suisse Group set a $135.00 target price on Stanley Black & Decker and gave the stock a “buy” rating in a report on Friday. Macquarie lowered their target price on Stanley Black & Decker from $180.00 to $175.00 and set an “outperform” rating for the company in a report on Thursday, September 6th. Barclays lowered their target price on Stanley Black & Decker from $166.00 to $152.00 and set an “overweight” rating for the company in a report on Friday. Finally, UBS Group lowered their target price on Stanley Black & Decker from $195.00 to $190.00 and set a “buy” rating for the company in a report on Thursday, August 30th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Stanley Black & Decker presently has a consensus rating of “Buy” and an average target price of $168.19.

Stanley Black & Decker stock opened at $110.21 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. Stanley Black & Decker has a 52 week low of $106.41 and a 52 week high of $176.62. The firm has a market cap of $16.86 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 1.43 and a beta of 0.98.



Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, October 25th. The industrial products company reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.04. Stanley Black & Decker had a return on equity of 16.30% and a net margin of 7.22%. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.59 billion. As a group, research analysts forecast that Stanley Black & Decker will post 8.15 EPS for the current year.

In other Stanley Black & Decker news, VP Jocelyn Belisle sold 1,185 shares of the company’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $139.04, for a total value of $164,762.40. Following the sale, the vice president now owns 12,766 shares in the company, valued at approximately $1,774,984.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.69% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SWK. Massachusetts Financial Services Co. MA grew its position in shares of Stanley Black & Decker by 25.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,776,877 shares of the industrial products company’s stock valued at $634,418,000 after buying an additional 974,556 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Stanley Black & Decker by 71.4% in the 2nd quarter. Janus Henderson Group PLC now owns 1,818,994 shares of the industrial products company’s stock valued at $241,581,000 after buying an additional 758,031 shares during the last quarter. Cornerstone Wealth Management LLC grew its position in shares of Stanley Black & Decker by 1,196.2% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 664,439 shares of the industrial products company’s stock valued at $4,241,000 after buying an additional 613,177 shares during the last quarter. Artisan Partners Limited Partnership grew its position in shares of Stanley Black & Decker by 31.1% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,291,435 shares of the industrial products company’s stock valued at $171,515,000 after buying an additional 306,661 shares during the last quarter. Finally, FMR LLC grew its position in shares of Stanley Black & Decker by 294.1% in the 2nd quarter. FMR LLC now owns 265,563 shares of the industrial products company’s stock valued at $35,270,000 after buying an additional 198,170 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Stanley Black & Decker Company Profile

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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