Barclays Issues Pessimistic Forecast for Stanley Black & Decker (NYSE:SWK) Stock Price

Stanley Black & Decker (NYSE:SWK) had its price target decreased by investment analysts at Barclays from $94.00 to $86.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s target price would indicate a potential upside of 7.37% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. UBS Group decreased their price objective on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Citigroup decreased their price target on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Jefferies Financial Group assumed coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a “buy” rating and a $103.00 target price on the stock. Wells Fargo & Company cut their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $102.20.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $80.10 on Wednesday. The company has a market cap of $12.38 billion, a price-to-earnings ratio of 41.31, a P/E/G ratio of 1.33 and a beta of 1.25. The business’s fifty day simple moving average is $85.41 and its two-hundred day simple moving average is $90.51. Stanley Black & Decker has a 12 month low of $77.70 and a 12 month high of $110.88. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Research analysts anticipate that Stanley Black & Decker will post 5.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stanley Black & Decker

Several institutional investors and hedge funds have recently bought and sold shares of the company. Americana Partners LLC boosted its holdings in Stanley Black & Decker by 180.5% in the fourth quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company’s stock worth $9,064,000 after acquiring an additional 72,637 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Stanley Black & Decker in the 4th quarter worth approximately $1,386,000. Avanza Fonder AB purchased a new stake in Stanley Black & Decker during the 4th quarter worth approximately $1,287,000. State Street Corp increased its stake in Stanley Black & Decker by 6.5% during the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after purchasing an additional 549,531 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Stanley Black & Decker by 40.8% in the third quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock worth $101,663,000 after buying an additional 267,723 shares during the last quarter. 87.77% of the stock is 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 Outdoor and Industrial segments.