Stanley Black & Decker (SWK) PT Set at $182.00 by Northcoast Research

Stanley Black & Decker (NYSE:SWK) has been assigned a $182.00 price objective by equities research analysts at Northcoast Research in a note issued to investors on Tuesday. The firm presently has a “buy” rating on the industrial products company’s stock. Northcoast Research’s price objective suggests a potential upside of 27.09% from the stock’s current price. Northcoast Research also issued estimates for Stanley Black & Decker’s Q2 2018 earnings at $2.06 EPS, Q3 2018 earnings at $2.39 EPS, Q4 2018 earnings at $2.64 EPS, FY2018 earnings at $8.48 EPS, Q1 2019 earnings at $1.52 EPS, Q2 2019 earnings at $2.33 EPS, Q3 2019 earnings at $2.71 EPS, Q4 2019 earnings at $2.93 EPS and FY2019 earnings at $9.49 EPS.

Other research analysts have also issued research reports about the stock. MKM Partners lifted their price target on shares of Stanley Black & Decker from $170.59 to $200.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Barclays began coverage on shares of Stanley Black & Decker in a research note on Thursday, February 15th. They issued an “overweight” rating and a $184.00 price target on the stock. Zacks Investment Research raised shares of Stanley Black & Decker from a “sell” rating to a “hold” rating in a research note on Monday. Morgan Stanley lifted their price target on shares of Stanley Black & Decker from $172.00 to $189.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Finally, Gabelli reaffirmed a “hold” rating on shares of Stanley Black & Decker in a research note on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $178.59.

Shares of SWK opened at $143.21 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.57 and a current ratio of 1.06. Stanley Black & Decker has a twelve month low of $133.25 and a twelve month high of $176.62. The company has a market capitalization of $21,954.73, a price-to-earnings ratio of 19.22, a P/E/G ratio of 1.66 and a beta of 0.99.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Friday, April 20th. The industrial products company reported $1.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.04. Stanley Black & Decker had a net margin of 7.63% and a return on equity of 15.27%. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous year, the firm posted $1.29 earnings per share. The business’s revenue was up 12.4% on a year-over-year basis. analysts anticipate that Stanley Black & Decker will post 8.43 earnings per share for the current year.

In other Stanley Black & Decker news, SVP Joseph R. Voelker sold 3,284 shares of the company’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $151.44, for a total transaction of $497,328.96. Following the sale, the senior vice president now directly owns 20,367 shares of the company’s stock, valued at $3,084,378.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.69% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. DnB Asset Management AS raised its position in Stanley Black & Decker by 1.4% during the fourth quarter. DnB Asset Management AS now owns 21,634 shares of the industrial products company’s stock worth $3,671,000 after acquiring an additional 300 shares in the last quarter. Penserra Capital Management LLC raised its position in Stanley Black & Decker by 18.6% during the fourth quarter. Penserra Capital Management LLC now owns 2,170 shares of the industrial products company’s stock worth $368,000 after acquiring an additional 341 shares in the last quarter. Charter Trust Co. raised its position in Stanley Black & Decker by 15.7% during the fourth quarter. Charter Trust Co. now owns 2,546 shares of the industrial products company’s stock worth $432,000 after acquiring an additional 346 shares in the last quarter. Bollard Group LLC raised its position in Stanley Black & Decker by 0.9% during the fourth quarter. Bollard Group LLC now owns 41,178 shares of the industrial products company’s stock worth $6,987,000 after acquiring an additional 355 shares in the last quarter. Finally, BKD Wealth Advisors LLC raised its position in Stanley Black & Decker by 13.3% during the fourth quarter. BKD Wealth Advisors LLC now owns 3,269 shares of the industrial products company’s stock worth $555,000 after acquiring an additional 384 shares in the last quarter. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Stanley Black & Decker (SWK) PT Set at $182.00 by Northcoast Research” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/04/26/stanley-black-decker-swk-pt-set-at-182-00-by-northcoast-research.html.

About Stanley Black & Decker

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.

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