Stanley Black & Decker (NYSE:SWK) Stock Gets Price Target Trim from Wells Fargo & Company

Key Points

• Wells Fargo cut Stanley Black & Decker’s price target from $95 to $90 while maintaining an “equal weight” rating, implying 3.69% downside from the reported $93.45 share price.
• Analyst sentiment remains mixed: four analysts rate the stock Buy, six Hold and one Sell, producing an overall “Hold” consensus and an average price target of $94.11.
• Stanley Black & Decker reported quarterly EPS of $1.57, exceeding the $1.21 consensus estimate, while revenue of $3.96 billion was roughly in line with expectations; institutional ownership stands at 87.77%.

Stanley Black & Decker (NYSE:SWK - Get Free Report) had its price objective dropped by analysts at Wells Fargo & Company from $95.00 to $90.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an "equal weight" rating on the industrial products company's stock. Wells Fargo & Company's price objective suggests a potential downside of 3.69% from the stock's current price.

SWK has been the subject of a number of other research reports. Morgan Stanley set a $100.00 target price on shares of Stanley Black & Decker in a research note on Tuesday, October 6th. Citigroup upped their price target on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Wall Street Zen upgraded Stanley Black & Decker from a "buy" rating to a "strong-buy" rating in a report on Sunday, September 6th. Mizuho lowered their price objective on Stanley Black & Decker from $110.00 to $105.00 and set an "outperform" rating for the company in a research report on Thursday. Finally, Weiss Ratings raised Stanley Black & Decker from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $94.11.

Stanley Black & Decker Trading Up 0.8%

Shares of Stanley Black & Decker stock traded up $0.70 during midday trading on Friday, reaching $93.45. The company had a trading volume of 376,252 shares, compared to its average volume of 1,832,549. The stock has a fifty day moving average price of $94.11 and a 200 day moving average price of $86.36. Stanley Black & Decker has a fifty-two week low of $61.90 and a fifty-two week high of $104.68. The firm has a market cap of $14.11 billion, a PE ratio of 22.77, a P/E/G ratio of 1.34 and a beta of 1.17. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 0.55.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.36. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. The business had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the firm posted $1.08 EPS. The company's revenue for the quarter was up .4% compared to the same quarter last year. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. On average, equities analysts anticipate that Stanley Black & Decker will post 5.58 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SWK. BlackRock Inc. bought a new stake in shares of Stanley Black & Decker during the second quarter valued at approximately $1,006,417,000. Nykredit A S acquired a new stake in Stanley Black & Decker in the 2nd quarter valued at $166,378,000. Confluence Investment Management LLC bought a new position in shares of Stanley Black & Decker in the second quarter valued at approximately $126,909,000. Bank of New York Mellon Corp bought a new position in shares of Stanley Black & Decker in the second quarter valued at approximately $123,843,000. Finally, Bank of America Corp DE purchased a new position in shares of Stanley Black & Decker during the second quarter valued at approximately $85,606,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc is a global manufacturer of tools, outdoor power equipment and related storage solutions. Its products serve professional tradespeople, industrial customers and consumers across construction, maintenance, automotive, manufacturing and home-improvement markets.

The company's portfolio includes power tools, hand tools, fasteners, tool storage systems and outdoor equipment. Its principal brands include DEWALT, CRAFTSMAN, STANLEY, BLACK+DECKER and Cub Cadet, along with other brands serving professional and consumer applications.

Stanley Black & Decker traces its history to the founding of Stanley in 1843 and the establishment of Black & Decker in 1910.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.