Stanley Black & Decker (NYSE:SWK – Get Rating) had its price objective lifted by investment analysts at Wells Fargo & Company from $82.00 to $83.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 5.81% from the company’s previous close.
Other equities research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft decreased their target price on Stanley Black & Decker from $111.00 to $90.00 and set a “hold” rating on the stock in a research report on Thursday, October 13th. Credit Suisse Group downgraded Stanley Black & Decker from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $125.00 to $79.00 in a research report on Friday, October 14th. Citigroup reduced their price target on shares of Stanley Black & Decker from $90.00 to $69.00 in a research report on Monday, October 31st. StockNews.com started coverage on shares of Stanley Black & Decker in a research report on Wednesday, October 12th. They set a “sell” rating for the company. Finally, Barclays reduced their target price on shares of Stanley Black & Decker from $96.00 to $92.00 and set an “overweight” rating on the stock in a report on Thursday. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker has a consensus rating of “Hold” and an average target price of $91.92.
Stanley Black & Decker Price Performance
SWK stock traded down $0.16 during midday trading on Thursday, hitting $78.44. The company’s stock had a trading volume of 10,647 shares, compared to its average volume of 1,461,081. The firm has a market capitalization of $11.60 billion, a price-to-earnings ratio of 8.60, a price-to-earnings-growth ratio of 1.98 and a beta of 1.24. The company has a quick ratio of 0.32, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. Stanley Black & Decker has a 12 month low of $70.24 and a 12 month high of $196.52. The company has a 50 day moving average of $78.17 and a two-hundred day moving average of $88.15.
Stanley Black & Decker (NYSE:SWK – Get Rating) last posted its earnings results on Thursday, October 27th. The industrial products company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.03. The company had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Stanley Black & Decker had a net margin of 8.44% and a return on equity of 11.77%. Stanley Black & Decker’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the company posted $2.77 earnings per share. On average, analysts expect that Stanley Black & Decker will post 4.44 EPS for the current year.
Insider Activity
In related news, CFO Corbin Walburger sold 5,248 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $80.80, for a total transaction of $424,038.40. Following the completion of the sale, the chief financial officer now directly owns 17,993 shares of the company’s stock, valued at approximately $1,453,834.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.93% of the company’s stock.
Institutional Trading of Stanley Black & Decker
Several institutional investors and hedge funds have recently made changes to their positions in the business. LS Investment Advisors LLC purchased a new position in Stanley Black & Decker in the 2nd quarter worth about $27,000. Heritage Wealth Advisors purchased a new position in shares of Stanley Black & Decker during the second quarter worth approximately $27,000. Clear Street Markets LLC raised its stake in shares of Stanley Black & Decker by 280.7% during the second quarter. Clear Street Markets LLC now owns 316 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 233 shares in the last quarter. Covington Capital Management purchased a new stake in shares of Stanley Black & Decker in the second quarter valued at approximately $34,000. Finally, Achmea Investment Management B.V. bought a new position in Stanley Black & Decker in the first quarter worth approximately $36,000. 88.01% of the stock is currently owned by institutional investors.
About Stanley Black & Decker
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Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.
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