Stanley Black & Decker’s (NYSE:SWK) Buy Rating Reaffirmed at Seaport Global Securities

Seaport Global Securities reiterated their buy rating on shares of Stanley Black & Decker (NYSE:SWK) in a research note released on Tuesday, January 23rd. Seaport Global Securities currently has a $193.00 target price on the industrial products company’s stock. Seaport Global Securities also issued estimates for Stanley Black & Decker’s Q2 2018 earnings at $2.18 EPS, Q3 2018 earnings at $2.19 EPS, Q4 2018 earnings at $2.38 EPS, FY2018 earnings at $8.37 EPS and FY2019 earnings at $9.28 EPS.

Other research analysts have also recently issued research reports about the stock. Nomura set a $180.00 price objective on shares of Stanley Black & Decker and gave the company a buy rating in a report on Wednesday, October 25th. Wells Fargo & Co restated an outperform rating and set a $175.00 price objective (up previously from $165.00) on shares of Stanley Black & Decker in a report on Wednesday, October 18th. Zelman & Associates raised shares of Stanley Black & Decker from a hold rating to a buy rating in a research note on Wednesday, October 18th. Northcoast Research started coverage on shares of Stanley Black & Decker in a research note on Friday, October 20th. They issued a buy rating and a $193.00 price target on the stock. Finally, Zacks Investment Research lowered shares of Stanley Black & Decker from a buy rating to a hold rating in a research report on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Stanley Black & Decker currently has an average rating of Buy and an average price target of $180.13.

Shares of Stanley Black & Decker (NYSE:SWK) traded up $0.35 during mid-day trading on Tuesday, reaching $159.62. 376,289 shares of the company traded hands, compared to its average volume of 1,201,639. The company has a quick ratio of 0.58, a current ratio of 1.05 and a debt-to-equity ratio of 0.34. The company has a market cap of $24,086.95, a P/E ratio of 19.79, a P/E/G ratio of 1.83 and a beta of 0.97. Stanley Black & Decker has a 12-month low of $125.33 and a 12-month high of $176.62.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.04. Stanley Black & Decker had a net margin of 9.62% and a return on equity of 15.48%. The firm had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter last year, the company posted $1.71 EPS. The company’s quarterly revenue was up 16.9% compared to the same quarter last year. equities research analysts predict that Stanley Black & Decker will post 8.43 earnings per share for the current year.

In related news, EVP Jeffrey D. Ansell sold 5,737 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $169.20, for a total transaction of $970,700.40. Following the completion of the sale, the executive vice president now owns 57,480 shares of the company’s stock, valued at $9,725,616. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.15% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Mutual of America Capital Management LLC lifted its holdings in shares of Stanley Black & Decker by 2.9% in the third quarter. Mutual of America Capital Management LLC now owns 32,314 shares of the industrial products company’s stock worth $4,878,000 after acquiring an additional 915 shares during the last quarter. Honeywell International Inc. raised its holdings in Stanley Black & Decker by 86.1% in the 3rd quarter. Honeywell International Inc. now owns 186,100 shares of the industrial products company’s stock valued at $28,096,000 after buying an additional 86,100 shares during the last quarter. Wesbanco Bank Inc. bought a new position in Stanley Black & Decker in the 3rd quarter valued at approximately $3,889,000. Jaffetilchin Investment Partners LLC raised its holdings in Stanley Black & Decker by 126.8% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 4,314 shares of the industrial products company’s stock valued at $732,000 after buying an additional 2,412 shares during the last quarter. Finally, Perpetual Ltd bought a new position in Stanley Black & Decker in the 2nd quarter valued at approximately $8,759,000. 84.01% of the stock is owned by hedge funds and other institutional investors.

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About Stanley Black & Decker

Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

Analyst Recommendations for Stanley Black & Decker (NYSE:SWK)

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