Stanley Black & Decker, Inc. (NYSE:SWK) Stock Has Consensus Price Target of $94.11

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have received a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $94.11.

Several brokerages have weighed in on SWK. The Goldman Sachs Group reiterated a “neutral” rating and issued a $93.00 price objective on shares of Stanley Black & Decker in a research report on Wednesday, July 29th. Wells Fargo & Company lowered their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Friday, October 16th. Weiss Ratings raised shares of Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Mizuho cut their price target on shares of Stanley Black & Decker from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Finally, Citigroup upped their price objective on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the company a “buy” rating in a research note on Friday, July 31st.

Institutional Investors Weigh In On Stanley Black & Decker

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Stanley Black & Decker during the 2nd quarter valued at $1,006,417,000. Nykredit A S purchased a new stake in shares of Stanley Black & Decker in the 2nd quarter worth about $166,378,000. Confluence Investment Management LLC bought a new stake in shares of Stanley Black & Decker during the 2nd quarter valued at about $126,909,000. Bank of New York Mellon Corp bought a new stake in shares of Stanley Black & Decker during the 2nd quarter valued at about $123,843,000. Finally, Bank of America Corp DE purchased a new position in shares of Stanley Black & Decker during the second quarter valued at about $85,606,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock opened at $103.64 on Friday. The firm has a fifty day simple moving average of $93.35 and a two-hundred day simple moving average of $85.50. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.53. Stanley Black & Decker has a twelve month low of $61.90 and a twelve month high of $104.68. The company has a market capitalization of $15.65 billion, a PE ratio of 19.26, a P/E/G ratio of 1.49 and a beta of 1.17.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.36. Stanley Black & Decker had a return on equity of 8.78% and a net margin of 4.07%. The company had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the previous year, the company posted $1.08 EPS. Stanley Black & Decker’s revenue for the quarter was up .4% on a year-over-year basis. Research analysts expect that Stanley Black & Decker will post 5.59 EPS for the current year.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc is a global manufacturer of tools, outdoor products and related equipment. The company serves professional contractors, industrial customers, do-it-yourself consumers and outdoor enthusiasts through a portfolio that includes power tools, hand tools, storage solutions, accessories, lawn and garden equipment, and other outdoor products.

Its brands include DEWALT, CRAFTSMAN, STANLEY, BLACK+DECKER, Cub Cadet, Hustler and Troy-Bilt. Products are sold through retailers, distributors, e-commerce channels and other commercial outlets, supporting construction, maintenance, manufacturing, automotive repair and residential applications.

The company was formed in 2010 through the merger of The Stanley Works and The Black & Decker Corporation.