UBS Group Cuts Stanley Black & Decker (NYSE:SWK) Price Target to $120.00

Stanley Black & Decker (NYSE:SWK) had its target price trimmed by UBS Group from $121.00 to $120.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the industrial products company’s stock.

Several other equities analysts have also issued reports on the stock. Citigroup decreased their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a report on Thursday. Morgan Stanley dropped their target price on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Barclays decreased 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. StockNews.com downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, 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 note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and a consensus price target of $103.00.

Stanley Black & Decker Stock Up 0.8 %

NYSE:SWK opened at $86.56 on Friday. The company has a market cap of $13.34 billion, a price-to-earnings ratio of 44.62, a P/E/G ratio of 1.87 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.30. The stock’s fifty day moving average price is $83.91 and its two-hundred day moving average price is $93.50. Stanley Black & Decker has a 52-week low of $77.70 and a 52-week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping 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%. On average, analysts anticipate that Stanley Black & Decker will post 5.09 EPS for the current year.

Hedge Funds Weigh In On Stanley Black & Decker

Several hedge funds have recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in Stanley Black & Decker during the fourth quarter valued at approximately $1,386,000. Avanza Fonder AB bought a new position in Stanley Black & Decker in the fourth quarter valued at about $1,287,000. State Street Corp lifted its holdings in shares of 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 worth $998,107,000 after acquiring an additional 549,531 shares during the last quarter. FMR LLC boosted its stake in shares of Stanley Black & Decker by 40.8% in the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock valued at $101,663,000 after purchasing an additional 267,723 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Stanley Black & Decker by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company’s stock valued at $392,882,000 after purchasing an additional 35,100 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

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.