Wells Fargo & Company Lowers Stanley Black & Decker (NYSE:SWK) Price Target to $85.00

Stanley Black & Decker (NYSE:SWK) had its price target lowered by research analysts at Wells Fargo & Company from $92.00 to $85.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price target indicates a potential downside of 2.16% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. Barclays lowered shares of Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $100.00 to $86.00 in a research report on Tuesday, June 4th. Robert W. Baird reduced their price objective on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $94.67.

Stanley Black & Decker Stock Up 4.6 %

Shares of NYSE SWK opened at $86.88 on Wednesday. The stock has a market capitalization of $13.37 billion, a PE ratio of -125.91, a P/E/G ratio of 2.23 and a beta of 1.25. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 0.63. The firm has a fifty day moving average of $84.85 and a 200-day moving average of $89.87. Stanley Black & Decker has a 52-week low of $76.26 and a 52-week high of $104.21.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.83 billion. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.41) earnings per share. On average, analysts anticipate that Stanley Black & Decker will post 4.05 EPS for the current year.

Insider Activity

In other Stanley Black & Decker news, SVP Janet Link sold 3,442 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $86.80, for a total transaction of $298,765.60. Following the completion of the transaction, the senior vice president now directly owns 32,860 shares of the company’s stock, valued at approximately $2,852,248. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.60% of the company’s stock.

Institutional Trading of Stanley Black & Decker

Several institutional investors and hedge funds have recently bought and sold shares of the company. M&T Bank Corp grew its holdings in Stanley Black & Decker by 0.3% during the 4th quarter. M&T Bank Corp now owns 37,763 shares of the industrial products company’s stock worth $3,705,000 after acquiring an additional 113 shares during the last quarter. Crestwood Advisors Group LLC boosted its position in Stanley Black & Decker by 0.6% in the 4th quarter. Crestwood Advisors Group LLC now owns 20,885 shares of the industrial products company’s stock valued at $2,049,000 after buying an additional 117 shares during the last quarter. Czech National Bank raised its position in shares of Stanley Black & Decker by 0.5% during the first quarter. Czech National Bank now owns 26,975 shares of the industrial products company’s stock worth $2,642,000 after acquiring an additional 124 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Stanley Black & Decker by 39.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 140 shares during the period. Finally, Principle Wealth Partners LLC boosted its holdings in Stanley Black & Decker by 2.9% in the first quarter. Principle Wealth Partners LLC now owns 6,371 shares of the industrial products company’s stock valued at $624,000 after acquiring an additional 182 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.