Brokerages Set Stanley Black & Decker, Inc. (NYSE:SWK) PT at $103.11

Stanley Black & Decker, Inc. (NYSE:SWK) has received an average rating of “Hold” from the nine brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $103.00.

A number of analysts have recently issued reports on the company. Wells Fargo & Company lowered their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Robert W. Baird dropped their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Citigroup decreased their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, Barclays lowered their price objective on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th.

Stanley Black & Decker Price Performance

NYSE:SWK opened at $87.34 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.42. The stock has a market cap of $13.46 billion, a P/E ratio of 45.02, a PEG ratio of 1.87 and a beta of 1.24. The company has a fifty day moving average price of $83.85 and a 200 day moving average price of $93.53. Stanley Black & Decker has a one year low of $77.70 and a one year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. Analysts anticipate that Stanley Black & Decker will post 5.09 earnings per share for the current year.

Hedge Funds Weigh In On Stanley Black & Decker

Institutional investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at approximately $1,386,000. Avanza Fonder AB acquired a new stake in shares of Stanley Black & Decker in the 4th quarter valued at $1,287,000. State Street Corp raised its position in shares of Stanley Black & Decker by 6.5% during the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock worth $998,107,000 after acquiring an additional 549,531 shares during the last quarter. FMR LLC lifted its stake in shares of Stanley Black & Decker by 40.8% during the third quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock valued at $101,663,000 after acquiring an additional 267,723 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Stanley Black & Decker by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company’s stock valued at $392,882,000 after acquiring an additional 35,100 shares during the last quarter. Institutional investors own 87.77% 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 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.