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

Stanley Black & Decker (NYSE:SWK) had its target price raised by equities research analysts at Barclays from $96.00 to $100.00 in a report released on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s price target suggests a potential downside of 6.78% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Robert W. Baird raised their price objective on shares of Stanley Black & Decker from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. UBS Group raised their price objective on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. raised their price objective 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. Morgan Stanley initiated coverage on shares of Stanley Black & Decker in a report on Friday, September 6th. They issued an “equal weight” rating and a $107.00 price objective on the stock. Finally, Wells Fargo & Company upped their price target on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $102.25.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $107.27 on Wednesday. The company has a 50 day moving average price of $100.83 and a 200-day moving average price of $92.44. Stanley Black & Decker has a 52 week low of $76.26 and a 52 week high of $110.88. The firm has a market capitalization of $16.52 billion, a PE ratio of -155.46, a P/E/G ratio of 2.89 and a beta of 1.24. The company has a quick ratio of 0.42, a current ratio of 1.27 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last announced 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. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same period in the previous year, the business posted ($0.11) earnings per share. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, equities research analysts expect that Stanley Black & Decker will post 4.22 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Stanley Black & Decker

A number of hedge funds have recently bought and sold shares of SWK. Price T Rowe Associates Inc. MD raised its stake in Stanley Black & Decker by 7.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock valued at $1,802,975,000 after purchasing an additional 1,250,925 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Stanley Black & Decker by 18.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock valued at $134,444,000 after acquiring an additional 267,013 shares during the period. Sabal Trust CO purchased a new stake in shares of Stanley Black & Decker in the second quarter valued at $19,878,000. Massachusetts Financial Services Co. MA raised its stake in shares of Stanley Black & Decker by 8.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,733,749 shares of the industrial products company’s stock valued at $218,399,000 after acquiring an additional 212,103 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Stanley Black & Decker by 161.6% in the second quarter. AQR Capital Management LLC now owns 221,865 shares of the industrial products company’s stock valued at $17,725,000 after acquiring an additional 137,058 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

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.