Stanley Black & Decker (NYSE:SWK) PT Lowered to $217.00

Stanley Black & Decker (NYSE:SWK) had its target price reduced by investment analysts at Morgan Stanley from $220.00 to $217.00 in a research note issued on Tuesday, AnalystRatings.net reports. The firm presently has an “overweight” rating on the industrial products company’s stock. Morgan Stanley’s price target would indicate a potential upside of 25.12% from the stock’s current price.

Several other equities research analysts also recently weighed in on SWK. UBS Group upped their price objective on shares of Stanley Black & Decker from $173.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, September 14th. Barclays upped their price objective on shares of Stanley Black & Decker from $184.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, November 30th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Stanley Black & Decker from $192.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, October 28th. Zacks Investment Research downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating and set a $195.00 price objective for the company. in a report on Tuesday, January 5th. Finally, Credit Suisse Group upped their price objective on shares of Stanley Black & Decker from $163.00 to $179.00 and gave the stock a “neutral” rating in a report on Wednesday, October 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. Stanley Black & Decker has a consensus rating of “Buy” and an average price target of $178.87.

Shares of SWK opened at $173.43 on Tuesday. Stanley Black & Decker has a 1 year low of $70.00 and a 1 year high of $195.00. The company has a market cap of $27.79 billion, a price-to-earnings ratio of 33.03, a price-to-earnings-growth ratio of 3.16 and a beta of 1.53. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.66 and a current ratio of 1.26. The firm has a fifty day moving average of $178.98 and a 200-day moving average of $166.68.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Sunday, November 1st. The industrial products company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $0.22. Stanley Black & Decker had a net margin of 5.88% and a return on equity of 13.97%. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the previous year, the company posted $2.13 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Analysts predict that Stanley Black & Decker will post 7.82 EPS for the current year.

In other Stanley Black & Decker news, EVP Jeffrey D. Ansell sold 6,250 shares of the business’s stock in a transaction dated Wednesday, December 2nd. The stock was sold at an average price of $179.32, for a total transaction of $1,120,750.00. Following the sale, the executive vice president now owns 20,900 shares in the company, valued at approximately $3,747,788. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert H. Raff, Jr. sold 943 shares of the business’s stock in a transaction dated Wednesday, December 9th. The stock was sold at an average price of $178.62, for a total value of $168,438.66. Following the sale, the insider now owns 4,633 shares in the company, valued at approximately $827,546.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,667 shares of company stock worth $1,913,742. 1.00% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of SWK. FMR LLC increased its holdings in shares of Stanley Black & Decker by 53.7% in the 2nd quarter. FMR LLC now owns 3,041,285 shares of the industrial products company’s stock valued at $423,895,000 after purchasing an additional 1,062,262 shares during the period. Baird Financial Group Inc. grew its stake in shares of Stanley Black & Decker by 168.9% in the 2nd quarter. Baird Financial Group Inc. now owns 7,671 shares of the industrial products company’s stock valued at $1,271,000 after buying an additional 4,818 shares in the last quarter. Glenmede Trust Co. NA grew its stake in shares of Stanley Black & Decker by 38.8% in the 2nd quarter. Glenmede Trust Co. NA now owns 11,833 shares of the industrial products company’s stock valued at $1,647,000 after buying an additional 3,308 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in shares of Stanley Black & Decker in the 2nd quarter valued at approximately $471,000. Finally, Private Advisor Group LLC grew its stake in shares of Stanley Black & Decker by 2.5% in the 2nd quarter. Private Advisor Group LLC now owns 6,220 shares of the industrial products company’s stock valued at $866,000 after buying an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 88.56% of the company’s stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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