Stanley Black & Decker (SWK) Given a $160.00 Price Target at Credit Suisse Group

Stanley Black & Decker (NYSE:SWK) has been given a $160.00 price target by research analysts at Credit Suisse Group in a research report issued to clients and investors on Wednesday, October 17th, The Fly reports. The firm currently has a “buy” rating on the industrial products company’s stock. Credit Suisse Group’s price objective would indicate a potential upside of 27.25% from the stock’s previous close.

Several other research analysts have also recently issued reports on SWK. Wolfe Research assumed coverage on Stanley Black & Decker in a research report on Wednesday, June 27th. They issued a “market perform” rating on the stock. ValuEngine cut Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Wednesday, June 20th. Wells Fargo & Co decreased their price objective on Stanley Black & Decker from $194.00 to $168.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 17th. Robert W. Baird reaffirmed a “neutral” rating on shares of Stanley Black & Decker in a research note on Friday, July 20th. Finally, JPMorgan Chase & Co. raised their price objective on Stanley Black & Decker from $172.00 to $176.00 and gave the stock a “$138.69” rating in a research note on Monday, July 23rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $163.29.

Shares of Stanley Black & Decker stock traded down $2.69 during trading on Wednesday, hitting $125.74. 1,435,801 shares of the company’s stock traded hands, compared to its average volume of 2,258,298. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.92 and a quick ratio of 0.48. Stanley Black & Decker has a 1 year low of $106.41 and a 1 year high of $176.62. The stock has a market capitalization of $19.44 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 1.69 and a beta of 1.32.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Thursday, October 25th. The industrial products company reported $2.08 EPS for the quarter, beating the consensus estimate of $2.04 by $0.04. The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.59 billion. Stanley Black & Decker had a return on equity of 16.71% and a net margin of 7.22%. As a group, sell-side analysts expect that Stanley Black & Decker will post 8.14 EPS for the current fiscal year.

In related news, Director Michael David Hankin bought 907 shares of the company’s stock in a transaction dated Monday, October 29th. The stock was purchased at an average price of $112.93 per share, for a total transaction of $102,427.51. Following the acquisition, the director now owns 2,157 shares in the company, valued at $243,590.01. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jaime A. Ramirez sold 8,251 shares of Stanley Black & Decker stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $111.29, for a total value of $918,253.79. Following the completion of the transaction, the senior vice president now owns 36,566 shares of the company’s stock, valued at approximately $4,069,430.14. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Stanley Black & Decker by 17.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 12,566,744 shares of the industrial products company’s stock valued at $1,840,276,000 after acquiring an additional 1,822,466 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Stanley Black & Decker by 25.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,776,877 shares of the industrial products company’s stock valued at $634,418,000 after acquiring an additional 974,556 shares during the period. Janus Henderson Group PLC boosted its holdings in Stanley Black & Decker by 71.4% during the 2nd quarter. Janus Henderson Group PLC now owns 1,818,994 shares of the industrial products company’s stock valued at $241,581,000 after acquiring an additional 758,031 shares during the period. Cornerstone Wealth Management LLC boosted its holdings in Stanley Black & Decker by 1,196.2% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 664,439 shares of the industrial products company’s stock valued at $4,241,000 after acquiring an additional 613,177 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Stanley Black & Decker by 12.8% during the 3rd quarter. Wells Fargo & Company MN now owns 4,841,927 shares of the industrial products company’s stock valued at $709,052,000 after acquiring an additional 548,025 shares during the period. Hedge funds and other institutional investors own 84.86% of the company’s stock.

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.

Read More: Hedge Funds

The Fly

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