Wells Fargo & Company Has Lowered Expectations for Stanley Black & Decker (NYSE:SWK) Stock Price

Stanley Black & Decker (NYSE:SWK) had its price objective decreased by research analysts at Wells Fargo & Company from $95.00 to $90.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 10.38% from the company’s current price.

SWK has been the subject of several other reports. Morgan Stanley reduced their price objective on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. Barclays raised their target price on Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. StockNews.com downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Robert W. Baird lowered their price target on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target on the stock in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $101.25.

Stanley Black & Decker Stock Down 0.1 %

SWK opened at $81.54 on Tuesday. Stanley Black & Decker has a 12 month low of $77.70 and a 12 month high of $110.88. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42. The stock has a market cap of $12.57 billion, a P/E ratio of -59.52, a P/E/G ratio of 2.24 and a beta of 1.24. The stock’s 50 day moving average price is $85.64 and its 200 day moving average price is $93.20.

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

Institutional Trading of Stanley Black & Decker

Large investors have recently bought and sold shares of the business. Rise Advisors LLC increased its stake in Stanley Black & Decker by 99.3% during the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 133 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Stanley Black & Decker by 81.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 237 shares in the last quarter. Waldron Private Wealth LLC bought a new stake in Stanley Black & Decker during the 3rd quarter worth approximately $59,000. Armstrong Advisory Group Inc. bought a new stake in Stanley Black & Decker during the 3rd quarter worth approximately $72,000. Finally, Sunbelt Securities Inc. increased its stake in Stanley Black & Decker by 363.8% during the 3rd quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 513 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

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.