Stanley Black & Decker (SWK) Price Target Raised to $148.00 at Buckingham Research

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Stanley Black & Decker (NYSE:SWK) had its price target hoisted by stock analysts at Buckingham Research from $122.00 to $148.00 in a research report issued to clients and investors on Wednesday, BenzingaRatingsTable reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. Buckingham Research’s price target suggests a potential upside of 2.27% from the stock’s current price.

A number of other equities research analysts have also recently commented on the company. Zacks Investment Research cut Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Monday. Barclays raised their price objective on Stanley Black & Decker from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. Longbow Research upgraded Stanley Black & Decker from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Friday, March 22nd. Finally, Wells Fargo & Co raised their price objective on Stanley Black & Decker from $141.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $155.88.

Stanley Black & Decker stock traded down $1.11 during midday trading on Wednesday, reaching $144.71. The company’s stock had a trading volume of 6,431 shares, compared to its average volume of 925,456. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.55 and a current ratio of 1.14. Stanley Black & Decker has a 52-week low of $106.41 and a 52-week high of $158.47. The stock has a market cap of $22.07 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.96 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, January 22nd. The industrial products company reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.01. Stanley Black & Decker had a return on equity of 16.73% and a net margin of 4.62%. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same period last year, the business posted $2.18 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts predict that Stanley Black & Decker will post 8.53 EPS for the current fiscal year.

In related news, EVP Jeffrey D. Ansell sold 9,527 shares of Stanley Black & Decker stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $139.80, for a total transaction of $1,331,874.60. Following the completion of the transaction, the executive vice president now directly owns 61,289 shares in the company, valued at $8,568,202.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jaime A. Ramirez sold 600 shares of Stanley Black & Decker stock in a transaction that occurred on Thursday, January 24th. The shares were sold at an average price of $118.69, for a total value of $71,214.00. Following the transaction, the senior vice president now owns 35,048 shares of the company’s stock, valued at $4,159,847.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,164 shares of company stock valued at $3,403,579. 1.03% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in Stanley Black & Decker by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 12,566,744 shares of the industrial products company’s stock valued at $1,840,276,000 after purchasing an additional 1,822,466 shares during the period. FMR LLC grew its holdings in Stanley Black & Decker by 41.8% in the third quarter. FMR LLC now owns 376,661 shares of the industrial products company’s stock valued at $55,159,000 after purchasing an additional 111,098 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Stanley Black & Decker in the third quarter valued at approximately $485,000. First Republic Investment Management Inc. grew its holdings in Stanley Black & Decker by 5.8% in the third quarter. First Republic Investment Management Inc. now owns 8,615 shares of the industrial products company’s stock valued at $1,261,000 after purchasing an additional 473 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in Stanley Black & Decker by 14.2% in the third quarter. Pacer Advisors Inc. now owns 8,200 shares of the industrial products company’s stock valued at $1,201,000 after purchasing an additional 1,020 shares during the period. Institutional investors own 88.21% of the company’s stock.

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 & 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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