Stanley Black & Decker (NYSE:SWK) PT Lowered to $110.00

Stanley Black & Decker (NYSE:SWKGet Rating) had its price objective dropped by equities research analysts at Citigroup from $145.00 to $110.00 in a report issued on Friday, The Fly reports. Citigroup’s price target would indicate a potential downside of 15.96% from the stock’s current price.

Other analysts have also issued research reports about the company. TheStreet lowered Stanley Black & Decker from a “b-” rating to a “c+” rating in a research note on Wednesday, March 30th. Credit Suisse Group initiated coverage on Stanley Black & Decker in a research note on Tuesday, April 5th. They issued an “outperform” rating and a $165.00 target price for the company. JPMorgan Chase & Co. cut their target price on Stanley Black & Decker from $170.00 to $159.00 and set a “neutral” rating for the company in a research note on Wednesday, April 20th. Zacks Investment Research upgraded Stanley Black & Decker from a “sell” rating to a “hold” rating and set a $198.00 price objective for the company in a research report on Monday, January 3rd. Finally, Barclays lowered their price objective on Stanley Black & Decker from $220.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, April 4th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $170.69.

Shares of NYSE SWK traded up $8.08 during midday trading on Friday, hitting $130.89. 2,159,935 shares of the company’s stock were exchanged, compared to its average volume of 2,084,518. Stanley Black & Decker has a 12-month low of $118.90 and a 12-month high of $225.00. The company has a current ratio of 0.89, a quick ratio of 0.32 and a debt-to-equity ratio of 0.61. The company has a market cap of $21.39 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 1.21 and a beta of 1.37. The business’s fifty day moving average price is $144.66 and its two-hundred day moving average price is $169.03.

Stanley Black & Decker (NYSE:SWKGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The industrial products company reported $2.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.70 by $0.40. Stanley Black & Decker had a return on equity of 16.16% and a net margin of 8.07%. The company had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.62 billion. During the same quarter in the previous year, the firm earned $3.13 earnings per share. Stanley Black & Decker’s revenue was up 6.0% on a year-over-year basis. Equities analysts expect that Stanley Black & Decker will post 10.05 earnings per share for the current fiscal year.

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

Several institutional investors have recently added to or reduced their stakes in SWK. Alliancebernstein L.P. lifted its holdings in Stanley Black & Decker by 1.4% in the third quarter. Alliancebernstein L.P. now owns 431,375 shares of the industrial products company’s stock valued at $75,624,000 after acquiring an additional 5,840 shares during the period. Cardinal Capital Management Inc. lifted its holdings in Stanley Black & Decker by 1.6% in the fourth quarter. Cardinal Capital Management Inc. now owns 61,880 shares of the industrial products company’s stock valued at $11,672,000 after acquiring an additional 985 shares during the period. Mackenzie Financial Corp lifted its holdings in Stanley Black & Decker by 11.2% in the third quarter. Mackenzie Financial Corp now owns 496,839 shares of the industrial products company’s stock valued at $87,101,000 after acquiring an additional 50,158 shares during the period. Twinbeech Capital LP lifted its holdings in Stanley Black & Decker by 992.8% in the third quarter. Twinbeech Capital LP now owns 12,381 shares of the industrial products company’s stock valued at $2,171,000 after acquiring an additional 11,248 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Stanley Black & Decker by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,785,714 shares of the industrial products company’s stock valued at $313,165,000 after acquiring an additional 8,985 shares during the period. 88.60% of the stock is currently owned by institutional investors.

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.

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