Stanley Black & Decker (NYSE:SWK) Price Target Cut to $158.00

Stanley Black & Decker (NYSE:SWKGet Rating) had its price target cut by research analysts at Deutsche Bank Aktiengesellschaft from $183.00 to $158.00 in a research report issued to clients and investors on Friday, The Fly reports. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 24.28% from the company’s previous close.

A number of other equities research analysts have also recently commented on the stock. Robert W. Baird reduced their target price on shares of Stanley Black & Decker from $230.00 to $188.00 in a research report on Monday. Citigroup dropped their price target on shares of Stanley Black & Decker from $145.00 to $110.00 in a research report on Friday. StockNews.com initiated coverage on shares of Stanley Black & Decker in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Bank of America lowered their price objective on shares of Stanley Black & Decker from $165.00 to $140.00 and set an “underperform” rating for the company in a research note on Wednesday, March 9th. Finally, Barclays lowered their price objective on shares of Stanley Black & Decker from $220.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, April 4th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $170.69.

NYSE:SWK opened at $127.13 on Friday. The firm has a market capitalization of $20.77 billion, a P/E ratio of 12.29, a PEG ratio of 1.32 and a beta of 1.37. Stanley Black & Decker has a 1-year low of $125.20 and a 1-year high of $225.00. The company’s fifty day moving average price is $146.80 and its 200-day moving average price is $170.24. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.97 and a quick ratio of 0.35.

Stanley Black & Decker (NYSE:SWKGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The industrial products company reported $2.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.70 by $0.40. The firm had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.62 billion. Stanley Black & Decker had a net margin of 10.04% and a return on equity of 17.27%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.13 earnings per share. Equities analysts anticipate that Stanley Black & Decker will post 12.12 EPS for the current fiscal year.

In related news, SVP Stephen Subasic sold 6,611 shares of the company’s stock in a transaction that occurred on Friday, February 25th. The stock was sold at an average price of $155.91, for a total value of $1,030,721.01. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jocelyn Belisle sold 3,244 shares of the company’s stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $157.71, for a total value of $511,611.24. The disclosure for this sale can be found here. Insiders own 0.93% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. grew its holdings in Stanley Black & Decker by 1.4% during the 3rd quarter. Alliancebernstein L.P. now owns 431,375 shares of the industrial products company’s stock valued at $75,624,000 after buying an additional 5,840 shares during the last quarter. Cardinal Capital Management Inc. grew its holdings in Stanley Black & Decker by 1.6% during the 4th quarter. Cardinal Capital Management Inc. now owns 61,880 shares of the industrial products company’s stock valued at $11,672,000 after buying an additional 985 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Stanley Black & Decker by 11.2% during the 3rd quarter. Mackenzie Financial Corp now owns 496,839 shares of the industrial products company’s stock valued at $87,101,000 after buying an additional 50,158 shares during the last quarter. Twinbeech Capital LP grew its holdings in Stanley Black & Decker by 992.8% during the 3rd quarter. Twinbeech Capital LP now owns 12,381 shares of the industrial products company’s stock valued at $2,171,000 after buying an additional 11,248 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Stanley Black & Decker by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,785,714 shares of the industrial products company’s stock valued at $313,165,000 after buying an additional 8,985 shares during the last quarter. Institutional investors and hedge funds own 86.43% of the company’s stock.

Stanley Black & Decker Company Profile (Get Rating)

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

See Also

The Fly logo

Analyst Recommendations for Stanley Black & Decker (NYSE:SWK)

Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.