Stanley Black & Decker (NYSE:SWK) PT Raised to $100.00

Stanley Black & Decker (NYSE:SWK) had its target price upped by analysts at Barclays from $96.00 to $100.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s price objective would indicate a potential downside of 6.78% from the stock’s current price.

A number of other equities analysts have also commented on SWK. JPMorgan Chase & Co. increased their price target on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a report on Monday, August 5th. Wells Fargo & Company increased their target price on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. The Goldman Sachs Group increased their target price on shares of Stanley Black & Decker from $82.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Morgan Stanley assumed coverage on shares of Stanley Black & Decker in a report on Friday, September 6th. They set an “equal weight” rating and a $107.00 target price on the stock. Finally, Robert W. Baird increased their target price on shares of Stanley Black & Decker from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $102.25.

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock opened at $107.27 on Wednesday. The firm’s 50 day simple moving average is $100.83 and its 200 day simple moving average is $92.44. The firm has a market capitalization of $16.52 billion, a PE ratio of -155.46, a price-to-earnings-growth ratio of 2.89 and a beta of 1.24. Stanley Black & Decker has a 1-year low of $76.26 and a 1-year high of $110.88. The company has a current ratio of 1.27, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.25. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.02 billion. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.11) EPS. As a group, analysts expect that Stanley Black & Decker will post 4.22 earnings per share for the current fiscal year.

Insider Transactions at Stanley Black & Decker

In other news, SVP Janet Link sold 13,520 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $103.91, for a total value of $1,404,863.20. Following the completion of the sale, the senior vice president now directly owns 31,960 shares of the company’s stock, valued at approximately $3,320,963.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund lifted its position in Stanley Black & Decker by 0.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,200 shares of the industrial products company’s stock valued at $1,055,000 after acquiring an additional 100 shares during the period. Czech National Bank increased its stake in Stanley Black & Decker by 0.5% during the 1st quarter. Czech National Bank now owns 26,975 shares of the industrial products company’s stock valued at $2,642,000 after purchasing an additional 124 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Stanley Black & Decker by 27.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 660 shares of the industrial products company’s stock valued at $73,000 after purchasing an additional 141 shares in the last quarter. Copperwynd Financial LLC increased its stake in Stanley Black & Decker by 7.1% during the 2nd quarter. Copperwynd Financial LLC now owns 2,316 shares of the industrial products company’s stock valued at $185,000 after purchasing an additional 153 shares in the last quarter. Finally, Rockland Trust Co. increased its stake in Stanley Black & Decker by 1.5% during the 2nd quarter. Rockland Trust Co. now owns 10,632 shares of the industrial products company’s stock valued at $849,000 after purchasing an additional 157 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.