Stanley Black & Decker (NYSE:SWK) PT Raised to $107.00

Stanley Black & Decker (NYSE:SWKGet Free Report) had its target price hoisted by Barclays from $105.00 to $107.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. Barclays‘s price target would indicate a potential upside of 11.20% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Wells Fargo & Company decreased their price objective on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. JPMorgan Chase & Co. cut their price target on 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 investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $97.80.

Get Our Latest Analysis on Stanley Black & Decker

Stanley Black & Decker Price Performance

SWK stock opened at $96.22 on Tuesday. The company has a market capitalization of $14.80 billion, a P/E ratio of -46.26, a PEG ratio of 1.90 and a beta of 1.34. Stanley Black & Decker has a twelve month low of $73.27 and a twelve month high of $104.21. The business has a 50 day simple moving average of $91.27 and a 200-day simple moving average of $89.94. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67.

Stanley Black & Decker (NYSE:SWKGet Free Report) last posted its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.19. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.84 billion. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The company’s revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.10) earnings per share. As a group, equities analysts anticipate that Stanley Black & Decker will post 4.06 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. First United Bank & Trust purchased a new position in Stanley Black & Decker in the fourth quarter worth $25,000. Achmea Investment Management B.V. purchased a new position in Stanley Black & Decker in the first quarter worth $36,000. Quarry LP purchased a new position in shares of Stanley Black & Decker in the fourth quarter valued at $36,000. Principal Securities Inc. acquired a new position in shares of Stanley Black & Decker during the 4th quarter worth $38,000. Finally, Venturi Wealth Management LLC acquired a new position in shares of Stanley Black & Decker during the 3rd quarter worth $33,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

About Stanley Black & Decker

(Get Free Report)

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.

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