Stanley Black & Decker (SWK) PT Lowered to $163.00

Stanley Black & Decker (NYSE:SWK) had its price objective reduced by equities research analysts at Deutsche Bank from $167.00 to $163.00 in a research note issued on Friday, BenzingaRatingsTable reports. The firm currently has a “buy” rating on the industrial products company’s stock. Deutsche Bank’s price target indicates a potential upside of 19.19% from the company’s previous close.

Several other research firms have also recently commented on SWK. Wells Fargo & Co raised their target price on shares of Stanley Black & Decker from $148.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Raymond James reaffirmed a “hold” rating on shares of Stanley Black & Decker in a research report on Wednesday, January 23rd. Zacks Investment Research cut shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Thursday, March 14th. Buckingham Research raised their target price on shares of Stanley Black & Decker from $122.00 to $148.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Finally, Barclays raised their target price on shares of Stanley Black & Decker from $145.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $158.75.

SWK traded down $1.60 during trading on Friday, hitting $136.76. 8,991 shares of the stock traded hands, compared to its average volume of 1,504,500. The stock has a market capitalization of $20.47 billion, a P/E ratio of 16.72, a PEG ratio of 1.97 and a beta of 1.25. The company has a quick ratio of 0.43, a current ratio of 0.91 and a debt-to-equity ratio of 0.54. Stanley Black & Decker has a 12-month low of $106.41 and a 12-month high of $155.22.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Wednesday, April 24th. The industrial products company reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.32. Stanley Black & Decker had a net margin of 4.57% and a return on equity of 17.01%. The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.30 billion. During the same period last year, the company posted $1.39 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. Sell-side analysts expect that Stanley Black & Decker will post 8.63 EPS for the current fiscal year.

In related news, SVP Jaime A. Ramirez sold 1,000 shares of Stanley Black & Decker stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $136.26, for a total transaction of $136,260.00. Following the completion of the transaction, the senior vice president now directly owns 39,893 shares of the company’s stock, valued at approximately $5,435,820.18. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Robert H. Raff, Jr. sold 6,179 shares of Stanley Black & Decker stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $151.66, for a total transaction of $937,107.14. Following the transaction, the insider now directly owns 14,116 shares of the company’s stock, valued at $2,140,832.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 129,831 shares of company stock valued at $18,933,275. 1.03% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC grew its stake in shares of Stanley Black & Decker by 370.5% in the fourth quarter. Proficio Capital Partners LLC now owns 207 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 163 shares during the period. Truvestments Capital LLC purchased a new position in shares of Stanley Black & Decker in the first quarter worth approximately $27,000. Destination Wealth Management boosted its holdings in shares of Stanley Black & Decker by 319.1% in the first quarter. Destination Wealth Management now owns 197 shares of the industrial products company’s stock worth $27,000 after buying an additional 150 shares during the last quarter. Rational Advisors LLC boosted its holdings in shares of Stanley Black & Decker by 4,116.7% in the first quarter. Rational Advisors LLC now owns 253 shares of the industrial products company’s stock worth $34,000 after buying an additional 247 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. boosted its holdings in shares of Stanley Black & Decker by 412.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 256 shares of the industrial products company’s stock worth $36,000 after buying an additional 206 shares during the last quarter. Institutional investors and hedge funds own 89.49% of the company’s stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil & gas and infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the following three segments: Tools and Storage, Industrial, and Security.

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

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