Stanley Black & Decker (SWK) PT Set at $154.00 by Robert W. Baird

Stanley Black & Decker (NYSE:SWK) received a $154.00 target price from equities researchers at Robert W. Baird in a note issued to investors on Tuesday. The firm presently has a “hold” rating on the industrial products company’s stock. Robert W. Baird’s target price suggests a potential upside of 24.63% from the company’s previous close.

Several other equities research analysts also recently weighed in on SWK. Wolfe Research started coverage on Stanley Black & Decker in a report on Wednesday, June 27th. They set a “market perform” rating on the stock. ValuEngine lowered Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Wednesday, June 20th. Wells Fargo & Co lowered their target price on Stanley Black & Decker from $194.00 to $168.00 and set an “outperform” rating for the company in a research report on Tuesday, July 17th. JPMorgan Chase & Co. raised their target price on Stanley Black & Decker from $172.00 to $176.00 and gave the stock a “$138.69” rating in a research report on Monday, July 23rd. Finally, Zacks Investment Research lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $176.94.

NYSE SWK opened at $123.57 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.51 and a current ratio of 0.94. Stanley Black & Decker has a twelve month low of $123.15 and a twelve month high of $176.62. The firm has a market cap of $22.41 billion, a P/E ratio of 16.59, a PEG ratio of 1.73 and a beta of 0.98.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Friday, July 20th. The industrial products company reported $2.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.54. Stanley Black & Decker had a return on equity of 16.54% and a net margin of 7.52%. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter last year, the business posted $0.58 EPS. Stanley Black & Decker’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, analysts forecast that Stanley Black & Decker will post 8.38 earnings per share 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 stock was 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 filing with the SEC, which is accessible through this hyperlink. 0.69% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of SWK. GSA Capital Partners LLP raised its position in shares of Stanley Black & Decker by 23.9% in the 1st quarter. GSA Capital Partners LLP now owns 3,342 shares of the industrial products company’s stock worth $512,000 after acquiring an additional 644 shares in the last quarter. A.R.T. Advisors LLC raised its position in shares of Stanley Black & Decker by 82.4% in the 1st quarter. A.R.T. Advisors LLC now owns 12,400 shares of the industrial products company’s stock worth $1,899,000 after acquiring an additional 5,600 shares in the last quarter. United Capital Financial Advisers LLC raised its position in shares of Stanley Black & Decker by 9.1% in the 1st quarter. United Capital Financial Advisers LLC now owns 5,773 shares of the industrial products company’s stock worth $871,000 after acquiring an additional 483 shares in the last quarter. Guggenheim Capital LLC raised its position in shares of Stanley Black & Decker by 5.7% in the 1st quarter. Guggenheim Capital LLC now owns 329,507 shares of the industrial products company’s stock worth $50,480,000 after acquiring an additional 17,719 shares in the last quarter. Finally, Verition Fund Management LLC raised its position in shares of Stanley Black & Decker by 176.4% in the 1st quarter. Verition Fund Management LLC now owns 6,398 shares of the industrial products company’s stock worth $980,000 after acquiring an additional 4,083 shares in the last quarter. 83.56% of the stock is owned by hedge funds and other institutional investors.

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.

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

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