Stanley Black & Decker (NYSE:SWK) received a $173.00 target price from stock analysts at UBS Group in a research report issued to clients and investors on Friday, www.stocktargetadvisor.com reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. UBS Group’s price target points to a potential upside of 56.97% from the company’s previous close.
Several other equities research analysts have also recently weighed in on the stock. Barclays increased their price target on shares of Stanley Black & Decker from $164.00 to $166.00 and gave the company a “$138.69” rating in a research report on Monday, July 23rd. ValuEngine cut shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Macquarie dropped their price target on shares of Stanley Black & Decker from $180.00 to $175.00 and set an “outperform” rating for the company in a research report on Thursday, September 6th. Zacks Investment Research cut shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Monday, October 15th. Finally, Morgan Stanley initiated coverage on shares of Stanley Black & Decker in a research report on Monday, August 20th. They set an “overweight” rating and a $164.00 price target for the company. Two analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $168.19.
Shares of SWK opened at $110.21 on Friday. The firm has a market cap of $17.57 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 1.50 and a beta of 0.98. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.92 and a quick ratio of 0.51. Stanley Black & Decker has a twelve month low of $106.41 and a twelve month high of $176.62.
In other news, VP Jocelyn Belisle sold 1,185 shares of the firm’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $139.04, for a total value of $164,762.40. Following the completion of the sale, the vice president now directly owns 12,766 shares of the company’s stock, valued at approximately $1,774,984.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.69% of the company’s stock.
Several large investors have recently bought and sold shares of SWK. Summit Trail Advisors LLC lifted its position in shares of Stanley Black & Decker by 24.8% in the 1st quarter. Summit Trail Advisors LLC now owns 20,453 shares of the industrial products company’s stock worth $2,110,000 after purchasing an additional 4,060 shares during the period. Suntrust Banks Inc. increased its stake in shares of Stanley Black & Decker by 19.8% in the 1st quarter. Suntrust Banks Inc. now owns 17,713 shares of the industrial products company’s stock worth $2,712,000 after acquiring an additional 2,930 shares in the last quarter. Mount Yale Investment Advisors LLC bought a new position in shares of Stanley Black & Decker in the 1st quarter worth about $117,000. Private Trust Co. NA increased its stake in shares of Stanley Black & Decker by 3.6% in the 2nd quarter. Private Trust Co. NA now owns 17,408 shares of the industrial products company’s stock worth $2,311,000 after acquiring an additional 612 shares in the last quarter. Finally, DnB Asset Management AS increased its stake in shares of Stanley Black & Decker by 9.6% in the 2nd quarter. DnB Asset Management AS now owns 26,334 shares of the industrial products company’s stock worth $3,497,000 after acquiring an additional 2,300 shares in the last quarter. 83.65% 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.
Further Reading: Fundamental Analysis and Individual Investors
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