Stanley Black & Decker (NYSE:SWK) had its target price upped by investment analysts at Morgan Stanley from $220.00 to $230.00 in a report issued on Thursday, Price Targets.com reports. The firm currently has an "overweight" rating on the industrial products company's stock. Morgan Stanley's target price would suggest a potential upside of 11.35% from the company's previous close.
SWK has been the topic of several other research reports. Bank of America upgraded shares of Stanley Black & Decker from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $185.00 to $205.00 in a research note on Thursday, March 18th. Credit Suisse Group raised their price objective on shares of Stanley Black & Decker from $177.00 to $188.00 and gave the stock a "neutral" rating in a report on Friday, January 29th. Barclays boosted their target price on Stanley Black & Decker from $214.00 to $219.00 and gave the stock an "overweight" rating in a report on Tuesday, April 13th. JPMorgan Chase & Co. raised their price target on Stanley Black & Decker from $200.00 to $206.00 and gave the company a "neutral" rating in a report on Tuesday, April 13th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Stanley Black & Decker from $215.00 to $221.00 and gave the stock a "buy" rating in a report on Monday, April 19th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of "Buy" and an average price target of $195.77.
NYSE SWK opened at $206.55 on Thursday. Stanley Black & Decker has a twelve month low of $97.64 and a twelve month high of $211.43. The company has a quick ratio of 0.69, a current ratio of 1.37 and a debt-to-equity ratio of 0.52. The stock has a market cap of $33.23 billion, a P/E ratio of 33.53, a PEG ratio of 2.68 and a beta of 1.47. The company's 50-day simple moving average is $199.95 and its 200 day simple moving average is $183.13.
Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Tuesday, April 27th. The industrial products company reported $3.13 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.57. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.91 billion. Stanley Black & Decker had a return on equity of 15.05% and a net margin of 6.98%. The company's revenue was up 34.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.20 EPS. Research analysts anticipate that Stanley Black & Decker will post 8.71 earnings per share for the current year.
In other news, EVP Jeffrey D. Ansell sold 3,304 shares of the stock in a transaction on Wednesday, March 17th. The stock was sold at an average price of $190.53, for a total value of $629,511.12. Following the transaction, the executive vice president now owns 25,090 shares of the company's stock, valued at approximately $4,780,397.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company's stock.
A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in shares of Stanley Black & Decker by 12.5% in the 4th quarter. JPMorgan Chase & Co. now owns 13,344,450 shares of the industrial products company's stock valued at $2,382,785,000 after acquiring an additional 1,485,347 shares during the last quarter. BlackRock Inc. increased its stake in Stanley Black & Decker by 2.0% in the fourth quarter. BlackRock Inc. now owns 10,651,235 shares of the industrial products company's stock valued at $1,901,885,000 after purchasing an additional 203,737 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Stanley Black & Decker by 1.7% in the fourth quarter. Wells Fargo & Company MN now owns 5,423,673 shares of the industrial products company's stock worth $968,452,000 after purchasing an additional 88,408 shares during the period. Amundi Pioneer Asset Management Inc. boosted its position in shares of Stanley Black & Decker by 3.1% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 3,647,191 shares of the industrial products company's stock worth $651,242,000 after purchasing an additional 111,107 shares in the last quarter. Finally, Morgan Stanley grew its holdings in shares of Stanley Black & Decker by 131.4% in the 4th quarter. Morgan Stanley now owns 1,719,735 shares of the industrial products company's stock valued at $307,075,000 after buying an additional 976,663 shares during the period. 85.41% of the stock is currently owned by hedge funds and other institutional investors.
About Stanley Black & Decker
Stanley Black & Decker, Inc engages in the tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.
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