Stanley Black & Decker (SWK) Price Target Cut to $148.00

Share on StockTwits

Stanley Black & Decker (NYSE:SWK) had its target price cut by investment analysts at Morgan Stanley from $164.00 to $148.00 in a research note issued to investors on Monday. The firm presently has a “buy” rating on the industrial products company’s stock. Morgan Stanley’s price target suggests a potential upside of 30.75% from the company’s previous close.

SWK has been the subject of several other research reports. Robert W. Baird set a $154.00 target price on shares of Stanley Black & Decker and gave the stock a “hold” rating in a research report on Tuesday, October 16th. ValuEngine downgraded shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Credit Suisse Group started coverage on shares of Stanley Black & Decker in a research report on Monday, September 17th. They issued an “outperform” rating and a $170.00 target price for the company. UBS Group dropped their target price on shares of Stanley Black & Decker from $195.00 to $190.00 and set a “buy” rating for the company in a research report on Thursday, August 30th. Finally, KeyCorp set a $170.00 target price on shares of Stanley Black & Decker and gave the stock a “buy” rating in a research report on Friday, October 26th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $165.00.

Stanley Black & Decker stock opened at $113.19 on Monday. Stanley Black & Decker has a 12-month low of $106.41 and a 12-month high of $176.62. The firm has a market cap of $16.86 billion, a P/E ratio of 15.19, a PEG ratio of 1.44 and a beta of 0.98. The company has a current ratio of 0.92, a quick ratio of 0.48 and a debt-to-equity ratio of 0.35.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Thursday, October 25th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.04 by $0.04. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.59 billion. Stanley Black & Decker had a net margin of 7.22% and a return on equity of 16.30%. On average, equities analysts expect that Stanley Black & Decker will post 8.15 EPS for the current fiscal year.

In other news, VP Jocelyn Belisle sold 1,185 shares of Stanley Black & Decker stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $139.04, for a total value of $164,762.40. Following the completion of the transaction, the vice president now directly owns 12,766 shares of the company’s stock, valued at approximately $1,774,984.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael David Hankin purchased 907 shares of the firm’s stock in a transaction dated Monday, October 29th. The stock was acquired at an average cost of $112.93 per share, with a total value of $102,427.51. Following the completion of the acquisition, the director now directly owns 2,157 shares in the company, valued at approximately $243,590.01. The disclosure for this purchase can be found here. Insiders own 0.69% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mount Yale Investment Advisors LLC acquired a new position in shares of Stanley Black & Decker in the 1st quarter valued at about $117,000. Flagship Harbor Advisors LLC acquired a new position in shares of Stanley Black & Decker in the 2nd quarter valued at about $136,000. NEXT Financial Group Inc acquired a new position in shares of Stanley Black & Decker in the 3rd quarter valued at about $139,000. Paragon Capital Management Ltd acquired a new position in shares of Stanley Black & Decker in the 2nd quarter valued at about $204,000. Finally, Checchi Capital Advisers LLC acquired a new position in shares of Stanley Black & Decker in the 3rd quarter valued at about $207,000. 83.87% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

Featured Article: How accurate is the Rule of 72?

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

Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply