Brokerages Set Stanley Black & Decker, Inc. (NYSE:SWK) PT at $99.09

Stanley Black & Decker, Inc. (NYSE:SWKGet Free Report) has received an average rating of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $98.18.

Several equities research analysts have commented on the company. JPMorgan Chase & Co. cut Stanley Black & Decker from a “neutral” rating to an “underweight” rating and set a $89.00 target price on the stock. in a research note on Thursday, December 14th. Barclays cut their target price on Stanley Black & Decker from $120.00 to $105.00 and set an “overweight” rating on the stock in a research note on Monday, October 30th. Wells Fargo & Company cut their target price on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday. StockNews.com upgraded Stanley Black & Decker from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, Citigroup upgraded Stanley Black & Decker from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $110.00 to $118.00 in a research note on Friday, October 27th.

Get Our Latest Stock Report on SWK

Stanley Black & Decker Trading Down 1.3 %

NYSE:SWK opened at $90.63 on Monday. Stanley Black & Decker has a fifty-two week low of $73.12 and a fifty-two week high of $104.21. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.19 and a quick ratio of 0.42. The stock has a market capitalization of $13.89 billion, a PE ratio of -43.57, a price-to-earnings-growth ratio of 1.73 and a beta of 1.35. The business’s 50-day simple moving average is $95.21 and its 200-day simple moving average is $90.89.

Stanley Black & Decker (NYSE:SWKGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.19. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.84 billion. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. Stanley Black & Decker’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.10) EPS. Sell-side analysts expect that Stanley Black & Decker will post 4.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Graham Robinson sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $91.83, for a total transaction of $183,660.00. Following the transaction, the senior vice president now directly owns 26,435 shares of the company’s stock, valued at approximately $2,427,526.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Heritage Financial Services LLC acquired a new position in Stanley Black & Decker in the 4th quarter valued at $225,000. Truist Financial Corp grew its holdings in shares of Stanley Black & Decker by 6.0% during the 4th quarter. Truist Financial Corp now owns 16,536 shares of the industrial products company’s stock worth $1,622,000 after purchasing an additional 933 shares in the last quarter. K.J. Harrison & Partners Inc grew its holdings in shares of Stanley Black & Decker by 28.4% during the 4th quarter. K.J. Harrison & Partners Inc now owns 25,813 shares of the industrial products company’s stock worth $2,532,000 after purchasing an additional 5,713 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Stanley Black & Decker by 6.1% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,405 shares of the industrial products company’s stock worth $432,000 after purchasing an additional 253 shares in the last quarter. Finally, NewSquare Capital LLC grew its holdings in shares of Stanley Black & Decker by 2.1% during the 4th quarter. NewSquare Capital LLC now owns 82,283 shares of the industrial products company’s stock worth $7,936,000 after purchasing an additional 1,712 shares in the last quarter. 90.47% of the stock is owned by institutional investors and hedge funds.

About Stanley Black & Decker

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Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

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