Stanley Black & Decker (NYSE:SWK) Stock Price Expected to Rise, UBS Group Analyst Says

Stanley Black & Decker (NYSE:SWK) had its price objective increased by equities research analysts at UBS Group from $100.00 to $105.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. UBS Group’s price target points to a potential upside of 54.12% from the stock’s previous close.

A number of other research firms also recently commented on SWK. Jefferies Financial Group set a $86.00 target price on shares of Stanley Black & Decker and gave the stock a “buy” rating in a research report on Monday, August 18th. Wall Street Zen downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Stanley Black & Decker in a report on Wednesday, October 8th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $80.00 target price on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Finally, Robert W. Baird raised their price target on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $88.10.

Stanley Black & Decker Stock Performance

NYSE SWK traded down $1.49 during trading on Thursday, reaching $68.13. The company’s stock had a trading volume of 690,774 shares, compared to its average volume of 2,323,569. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $10.55 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 1.46 and a beta of 1.21. Stanley Black & Decker has a 12 month low of $53.91 and a 12 month high of $93.94. The firm has a 50 day moving average price of $72.74 and a 200 day moving average price of $69.76.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share (EPS) for the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The firm had revenue of $3.72 billion during the quarter. As a group, equities analysts anticipate that Stanley Black & Decker will post 5.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SWK. Princeton Global Asset Management LLC bought a new position in Stanley Black & Decker during the second quarter valued at about $25,000. 1248 Management LLC acquired a new position in Stanley Black & Decker in the first quarter worth $26,000. Chapman Financial Group LLC acquired a new position in Stanley Black & Decker in the second quarter worth $26,000. CYBER HORNET ETFs LLC acquired a new position in shares of Stanley Black & Decker during the second quarter valued at $28,000. Finally, Hanson & Doremus Investment Management bought a new position in Stanley Black & Decker during the third quarter worth about $30,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.