By otakuyassine3@gmail.com 
Stanley Black & Decker (NYSE:SWK – Get Free Report) had its target price lowered by equities research analysts at UBS Group from $121.00 to $120.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. UBS Group’s target price would indicate a potential upside of 40.41% from the company’s previous close.
Other analysts also recently issued reports about the stock. The Goldman Sachs Group boosted their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Morgan Stanley lowered their price target on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. StockNews.com lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target on the stock in a research report on Thursday, December 19th. Finally, Barclays reduced their price objective on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $103.00.
View Our Latest Report on Stanley Black & Decker
Stanley Black & Decker Stock Performance
Stanley Black & Decker stock traded down $0.45 during midday trading on Friday, reaching $85.46. 665,722 shares of the stock traded hands, compared to its average volume of 1,848,815. The firm has a fifty day moving average price of $83.97 and a two-hundred day moving average price of $93.47. Stanley Black & Decker has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The firm has a market cap of $13.17 billion, a price-to-earnings ratio of -62.27, a PEG ratio of 1.90 and a beta of 1.24. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63.
Stanley Black & Decker (NYSE:SWK – Get Free Report) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. On average, equities research analysts forecast that Stanley Black & Decker will post 4.14 earnings per share for the current year.
Hedge Funds Weigh In On Stanley Black & Decker
Hedge funds have recently modified their holdings of the stock. State Street Corp lifted its holdings in Stanley Black & Decker by 6.5% in the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after buying an additional 549,531 shares during the period. Geode Capital Management LLC boosted its holdings in Stanley Black & Decker by 1.0% during the third quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company’s stock worth $392,882,000 after purchasing an additional 35,100 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Stanley Black & Decker by 8.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock valued at $326,960,000 after buying an additional 235,106 shares during the last quarter. Clean Energy Transition LLP boosted its position in Stanley Black & Decker by 49.0% during the third quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock valued at $218,518,000 after purchasing an additional 652,780 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in shares of Stanley Black & Decker by 7.3% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,594,895 shares of the industrial products company’s stock valued at $128,054,000 after buying an additional 109,100 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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