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

Stanley Black & Decker (NYSE:SWK) had its target price lowered by equities researchers at Barclays from $107.00 to $100.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. Barclays‘s price target indicates a potential upside of 17.03% from the stock’s previous close.

SWK has been the subject of a number of other research reports. Robert W. Baird lowered their target price on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Wells Fargo & Company decreased their target price on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $97.33.

Stanley Black & Decker Stock Up 0.5 %

Shares of SWK traded up $0.46 during mid-day trading on Friday, reaching $85.45. The company’s stock had a trading volume of 1,623,771 shares, compared to its average volume of 1,404,748. Stanley Black & Decker has a 1 year low of $73.87 and a 1 year high of $104.21. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.67. The company has a market cap of $13.14 billion, a price-to-earnings ratio of -40.90, a price-to-earnings-growth ratio of 2.47 and a beta of 1.33. The business has a fifty day moving average of $91.64 and a 200 day moving average of $91.23.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same period last year, the business posted ($0.41) earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. As a group, analysts forecast that Stanley Black & Decker will post 4.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stanley Black & Decker

Institutional investors and hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC grew its position in shares of Stanley Black & Decker by 3.8% during the third quarter. Commonwealth Equity Services LLC now owns 226,398 shares of the industrial products company’s stock valued at $18,922,000 after purchasing an additional 8,376 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Stanley Black & Decker by 13.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 80,705 shares of the industrial products company’s stock valued at $6,745,000 after buying an additional 9,715 shares during the period. Brown Advisory Inc. boosted its position in shares of Stanley Black & Decker by 0.8% during the third quarter. Brown Advisory Inc. now owns 30,320 shares of the industrial products company’s stock valued at $2,534,000 after buying an additional 233 shares during the period. Godsey & Gibb Inc. boosted its position in shares of Stanley Black & Decker by 4.6% during the third quarter. Godsey & Gibb Inc. now owns 140,729 shares of the industrial products company’s stock valued at $11,762,000 after buying an additional 6,185 shares during the period. Finally, New York State Teachers Retirement System boosted its position in shares of Stanley Black & Decker by 3.8% during the third quarter. New York State Teachers Retirement System now owns 148,061 shares of the industrial products company’s stock valued at $12,375,000 after buying an additional 5,428 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.