Stanley Black & Decker (NYSE:SWK) Given New $86.00 Price Target at Barclays

Stanley Black & Decker (NYSE:SWK) had its price target reduced by equities research analysts at Barclays from $94.00 to $86.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s price target would suggest a potential upside of 10.63% from the company’s previous close.

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

Stanley Black & Decker Stock Down 0.9 %

Shares of SWK stock opened at $77.74 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. Stanley Black & Decker has a one year low of $77.29 and a one year high of $110.88. The company’s fifty day moving average price is $85.19 and its 200-day moving average price is $90.34. The company has a market capitalization of $12.01 billion, a price-to-earnings ratio of 40.07, a PEG ratio of 1.33 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, beating 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%. Sell-side analysts expect that Stanley Black & Decker will post 5.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Stanley Black & Decker

A number of institutional investors and hedge funds have recently modified their holdings of SWK. Ridgewood Investments LLC bought a new stake in Stanley Black & Decker in the fourth quarter worth $36,000. Cape Investment Advisory Inc. raised its stake in shares of Stanley Black & Decker by 107.2% in the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 237 shares during the period. Millstone Evans Group LLC bought a new stake in shares of Stanley Black & Decker in the 4th quarter worth about $40,000. SRS Capital Advisors Inc. boosted its stake in shares of Stanley Black & Decker by 61.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 199 shares during the period. Finally, Montag A & Associates Inc. bought a new position in Stanley Black & Decker during the 4th quarter valued at about $44,000. Hedge funds and other 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 Outdoor and Industrial segments.