Stanley Black & Decker (NYSE:SWK) Given New $94.00 Price Target at Barclays

Stanley Black & Decker (NYSE:SWK) had its price target reduced by research analysts at Barclays from $100.00 to $94.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s price objective points to a potential upside of 15.28% from the company’s current price.

SWK has been the subject of several other research reports. Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Thursday, December 19th. Wells Fargo & Company reduced 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 research report on Tuesday. Robert W. Baird lowered 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 report on Wednesday, October 30th. StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group raised their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $101.25.

Stanley Black & Decker Stock Down 0.1 %

Shares of NYSE SWK opened at $81.54 on Wednesday. Stanley Black & Decker has a 52-week low of $77.70 and a 52-week high of $110.88. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. The business has a fifty day moving average of $85.41 and a two-hundred day moving average of $93.12. The stock has a market cap of $12.57 billion, a PE ratio of -59.52, a PEG ratio of 2.24 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.17. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 earnings per share. As a group, equities research analysts expect that Stanley Black & Decker will post 4.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Nordea Investment Management AB increased its holdings in Stanley Black & Decker by 9.5% in the fourth quarter. Nordea Investment Management AB now owns 13,167 shares of the industrial products company’s stock valued at $1,063,000 after purchasing an additional 1,142 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Stanley Black & Decker by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 177,100 shares of the industrial products company’s stock valued at $19,504,000 after acquiring an additional 5,493 shares during the period. Franklin Resources Inc. grew its holdings in Stanley Black & Decker by 12.6% during the third quarter. Franklin Resources Inc. now owns 168,099 shares of the industrial products company’s stock valued at $18,298,000 after purchasing an additional 18,776 shares during the period. Synovus Financial Corp bought a new stake in Stanley Black & Decker in the third quarter valued at approximately $307,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Stanley Black & Decker in the third quarter worth $602,000. 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.