Stanley Black & Decker (NYSE:SWK – Get Rating) had its target price lowered by equities research analysts at JPMorgan Chase & Co. from $237.00 to $170.00 in a research report issued to clients and investors on Wednesday, The Fly reports. JPMorgan Chase & Co.’s price target points to a potential upside of 16.14% from the stock’s previous close.
A number of other equities research analysts have also recently commented on the company. Zacks Investment Research raised Stanley Black & Decker from a “sell” rating to a “hold” rating and set a $198.00 target price on the stock in a research note on Monday, January 3rd. Barclays increased their target price on Stanley Black & Decker from $231.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 4th. Bank of America cut their target price on Stanley Black & Decker from $165.00 to $140.00 and set an “underperform” rating on the stock in a research note on Wednesday, March 9th. Morgan Stanley dropped their price objective on Stanley Black & Decker from $209.00 to $195.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Stanley Black & Decker from $207.00 to $224.00 and gave the company a “buy” rating in a research report on Friday, December 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $197.20.
SWK opened at $146.37 on Wednesday. The stock has a fifty day simple moving average of $159.77 and a two-hundred day simple moving average of $176.37. The company has a current ratio of 0.97, a quick ratio of 0.35 and a debt-to-equity ratio of 0.40. The company has a market cap of $23.92 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 1.55 and a beta of 1.40. Stanley Black & Decker has a 12-month low of $136.62 and a 12-month high of $225.00.
Stanley Black & Decker (NYSE:SWK – Get Rating) last released its earnings results on Tuesday, February 1st. The industrial products company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.08. Stanley Black & Decker had a return on equity of 17.27% and a net margin of 10.04%. The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same period in the prior year, the firm posted $3.29 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts predict that Stanley Black & Decker will post 12.08 EPS for the current year.
In other Stanley Black & Decker news, SVP Stephen Subasic sold 6,611 shares of the firm’s stock in a transaction dated Friday, February 25th. The stock was sold at an average price of $155.91, for a total value of $1,030,721.01. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Jocelyn Belisle sold 3,244 shares of the firm’s stock in a transaction dated Monday, March 7th. The stock was sold at an average price of $157.71, for a total value of $511,611.24. The disclosure for this sale can be found here. Company insiders own 0.93% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of SWK. Alliancebernstein L.P. raised its stake in Stanley Black & Decker by 1.4% during the 3rd quarter. Alliancebernstein L.P. now owns 431,375 shares of the industrial products company’s stock valued at $75,624,000 after purchasing an additional 5,840 shares during the period. Cardinal Capital Management Inc. raised its stake in Stanley Black & Decker by 1.6% during the 4th quarter. Cardinal Capital Management Inc. now owns 61,880 shares of the industrial products company’s stock valued at $11,672,000 after purchasing an additional 985 shares during the period. Mackenzie Financial Corp raised its stake in Stanley Black & Decker by 11.2% during the 3rd quarter. Mackenzie Financial Corp now owns 496,839 shares of the industrial products company’s stock valued at $87,101,000 after purchasing an additional 50,158 shares during the period. Twinbeech Capital LP raised its stake in Stanley Black & Decker by 992.8% during the 3rd quarter. Twinbeech Capital LP now owns 12,381 shares of the industrial products company’s stock valued at $2,171,000 after purchasing an additional 11,248 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Stanley Black & Decker by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,785,714 shares of the industrial products company’s stock valued at $313,165,000 after purchasing an additional 8,985 shares during the period. 86.43% of the stock is currently owned by hedge funds and other institutional investors.
About Stanley Black & Decker
Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Storage segment, and Industrial segment.