Stanley Black & Decker (NYSE:SWK) PT Lowered to $92.00

Stanley Black & Decker (NYSE:SWKGet Free Report) had its price target decreased by analysts at Wells Fargo & Company from $98.00 to $92.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 7.23% from the stock’s previous close.

A number of other equities analysts also recently weighed in on SWK. Robert W. Baird reduced their price target on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Barclays decreased their target price on shares of Stanley Black & Decker from $107.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday. Finally, JPMorgan Chase & Co. cut their price target on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, Stanley Black & Decker currently has an average rating of “Hold” and a consensus price target of $97.00.

Get Our Latest Stock Report on SWK

Stanley Black & Decker Trading Up 1.0 %

Shares of SWK stock opened at $85.80 on Friday. Stanley Black & Decker has a 12-month low of $73.87 and a 12-month high of $104.21. The firm has a fifty day moving average of $91.58 and a 200-day moving average of $91.26. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 0.39.

Stanley Black & Decker (NYSE:SWKGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.83 billion. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.41) EPS. On average, analysts predict that Stanley Black & Decker will post 4.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Stanley Black & Decker

A number of institutional investors have recently bought and sold shares of SWK. First United Bank & Trust bought a new position in shares of Stanley Black & Decker during the 4th quarter worth approximately $25,000. Quarry LP acquired a new stake in Stanley Black & Decker during the 4th quarter valued at $36,000. Principal Securities Inc. bought a new position in Stanley Black & Decker during the fourth quarter worth $38,000. Venturi Wealth Management LLC bought a new position in shares of Stanley Black & Decker in the third quarter valued at about $33,000. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Stanley Black & Decker by 39.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock worth $49,000 after buying an additional 140 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Company Profile

(Get Free Report)

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.

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

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