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

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have been assigned an average recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $103.00.

Several analysts have recently weighed in on the stock. Morgan Stanley lowered their price target on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. UBS Group reduced their price target on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday. Wells Fargo & Company dropped their target price on shares of 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. Barclays reduced their price objective on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Finally, StockNews.com downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th.

Hedge Funds Weigh In On Stanley Black & Decker

Several institutional investors have recently bought and sold shares of the company. Rise Advisors LLC boosted its stake in shares of Stanley Black & Decker by 99.3% in the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after buying an additional 133 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in shares of Stanley Black & Decker during the 4th quarter worth $36,000. Cape Investment Advisory Inc. grew its stake in shares of Stanley Black & Decker by 107.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 237 shares during the period. SRS Capital Advisors Inc. increased its holdings in shares of Stanley Black & Decker by 61.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 199 shares in the last quarter. Finally, Waldron Private Wealth LLC acquired a new stake in shares of Stanley Black & Decker in the third quarter valued at about $59,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $86.56 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. Stanley Black & Decker has a 1 year low of $77.70 and a 1 year high of $110.88. The stock’s 50 day simple moving average is $83.91 and its two-hundred day simple moving average is $93.50. The company has a market cap of $13.34 billion, a price-to-earnings ratio of 44.62, a PEG ratio of 1.87 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. As a group, equities analysts anticipate that Stanley Black & Decker will post 5.09 earnings per share for the current fiscal year.

Stanley Black & Decker Company Profile

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.