Stanley Black & Decker (NYSE:SWK) Price Target Increased to $100.00 by Analysts at Barclays

Stanley Black & Decker (NYSE:SWK) had its target price raised by Barclays from $96.00 to $100.00 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 target indicates a potential downside of 8.40% from the stock’s previous close.

A number of other brokerages also recently weighed in on SWK. Morgan Stanley initiated coverage on shares of Stanley Black & Decker in a research report on Friday, September 6th. They issued an “equal weight” rating and a $107.00 price objective for the company. UBS Group increased their price target on Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. upped their target price on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research note on Monday, August 5th. Wells Fargo & Company lifted their price target on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird boosted their target price on shares of Stanley Black & Decker from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. 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’s stock. Based on data from MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and a consensus target price of $102.25.

Stanley Black & Decker Price Performance

Shares of NYSE SWK traded down $0.19 during mid-day trading on Wednesday, hitting $109.17. 474,565 shares of the company’s stock traded hands, compared to its average volume of 1,402,874. The company has a market capitalization of $16.81 billion, a P/E ratio of -157.69, a PEG ratio of 2.89 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42. The company’s 50-day moving average is $100.02 and its two-hundred day moving average is $92.22. Stanley Black & Decker has a 1 year low of $76.26 and a 1 year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.25. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same period last year, the company posted ($0.11) earnings per share. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, equities analysts anticipate that Stanley Black & Decker will post 4.22 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Janet Link sold 13,520 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the sale, the senior vice president now directly owns 31,960 shares of the company’s stock, valued at approximately $3,320,963.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its position in Stanley Black & Decker by 7.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock valued at $1,802,975,000 after buying an additional 1,250,925 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Stanley Black & Decker by 18.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock valued at $134,444,000 after acquiring an additional 267,013 shares during the period. Sabal Trust CO purchased a new position in shares of Stanley Black & Decker during the 2nd quarter valued at approximately $19,878,000. Massachusetts Financial Services Co. MA boosted its stake in Stanley Black & Decker by 8.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,733,749 shares of the industrial products company’s stock worth $218,399,000 after purchasing an additional 212,103 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in Stanley Black & Decker by 161.6% in the 2nd quarter. AQR Capital Management LLC now owns 221,865 shares of the industrial products company’s stock valued at $17,725,000 after buying an additional 137,058 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

About Stanley Black & Decker

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.