JPMorgan Chase & Co. Reaffirms “Buy” Rating for Stanley Black & Decker (SWK)

JPMorgan Chase & Co. reaffirmed their buy rating on shares of Stanley Black & Decker (NYSE:SWK) in a research report report published on Thursday, January 25th. They currently have a $190.00 price target on the industrial products company’s stock.

Several other equities research analysts have also recently commented on SWK. B. Riley restated a buy rating on shares of Stanley Black & Decker in a research note on Wednesday, November 1st. UBS Group began coverage on Stanley Black & Decker in a research note on Tuesday, January 23rd. They issued a buy rating and a $200.00 target price on the stock. Seaport Global Securities restated a buy rating and issued a $193.00 target price on shares of Stanley Black & Decker in a research note on Tuesday, January 23rd. Robert W. Baird boosted their target price on Stanley Black & Decker from $162.00 to $172.00 and gave the company a neutral rating in a research note on Wednesday, October 25th. Finally, Wells Fargo & Co restated an outperform rating and issued a $175.00 target price (up previously from $165.00) on shares of Stanley Black & Decker in a research note on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $177.75.

Stanley Black & Decker (NYSE:SWK) opened at $158.04 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.05 and a quick ratio of 0.58. Stanley Black & Decker has a 12-month low of $123.07 and a 12-month high of $176.62. The stock has a market capitalization of $24,240.00, a P/E ratio of 19.63, a P/E/G ratio of 1.80 and a beta of 0.97.

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

In related news, EVP Jeffrey D. Ansell sold 5,737 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $169.20, for a total value of $970,700.40. Following the sale, the executive vice president now owns 57,480 shares in the company, valued at approximately $9,725,616. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.15% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in Stanley Black & Decker by 1.5% in the 4th quarter. BlackRock Inc. now owns 10,065,546 shares of the industrial products company’s stock valued at $1,708,022,000 after buying an additional 144,926 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Stanley Black & Decker by 2.3% in the 4th quarter. Wells Fargo & Company MN now owns 4,576,870 shares of the industrial products company’s stock valued at $776,651,000 after buying an additional 104,499 shares in the last quarter. Pictet Asset Management Ltd. grew its holdings in Stanley Black & Decker by 45.2% in the 3rd quarter. Pictet Asset Management Ltd. now owns 1,077,720 shares of the industrial products company’s stock valued at $162,703,000 after buying an additional 335,500 shares in the last quarter. Legal & General Group Plc grew its holdings in Stanley Black & Decker by 3.7% in the 3rd quarter. Legal & General Group Plc now owns 825,900 shares of the industrial products company’s stock valued at $124,683,000 after buying an additional 29,194 shares in the last quarter. Finally, Sanders Capital LLC grew its holdings in Stanley Black & Decker by 2.7% in the 3rd quarter. Sanders Capital LLC now owns 822,648 shares of the industrial products company’s stock valued at $125,927,000 after buying an additional 22,000 shares in the last quarter. Institutional investors and hedge funds own 84.01% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “JPMorgan Chase & Co. Reaffirms “Buy” Rating for Stanley Black & Decker (SWK)” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2018/02/13/stanley-black-decker-swk-given-buy-rating-at-jpmorgan-chase-co.html.

Stanley Black & Decker Company Profile

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)

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