Stanley Black & Decker (NYSE:SWK) PT Lowered to $80.00

Stanley Black & Decker (NYSE:SWK) had its target price decreased by research analysts at Robert W. Baird from $82.00 to $80.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird’s price objective would suggest a potential downside of 10.43% from the stock’s previous close.

SWK has been the subject of a number of other reports. Barclays boosted their target price on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. dropped their price target on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, February 6th. Finally, Wells Fargo & Company dropped their price target on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $98.11.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $89.32 on Thursday. Stanley Black & Decker has a 12-month low of $73.87 and a 12-month high of $104.21. The company has a market capitalization of $13.74 billion, a P/E ratio of -42.94, a P/E/G ratio of 2.41 and a beta of 1.34. The firm has a 50-day moving average price of $91.46 and a 200 day moving average price of $90.63. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.67.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.19. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.84 billion. During the same period in the previous year, the firm posted ($0.10) earnings per share. The company’s revenue was down 6.3% on a year-over-year basis. Research analysts forecast that Stanley Black & Decker will post 4.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Foresight Capital Management Advisors Inc. bought a new stake in shares of Stanley Black & Decker in the fourth quarter worth $2,593,000. Charles Schwab Investment Management Inc. grew its stake in Stanley Black & Decker by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 949,632 shares of the industrial products company’s stock worth $79,370,000 after buying an additional 13,540 shares in the last quarter. Vest Financial LLC grew its stake in Stanley Black & Decker by 44.0% during the fourth quarter. Vest Financial LLC now owns 338,624 shares of the industrial products company’s stock worth $33,219,000 after buying an additional 103,403 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in Stanley Black & Decker during the third quarter worth about $1,605,000. Finally, Manchester Financial Inc. acquired a new stake in shares of Stanley Black & Decker in the 4th quarter valued at approximately $2,067,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.