Stanley Black & Decker (NYSE:SWK) Price Target Cut to $80.00

Stanley Black & Decker (NYSE:SWK - Get Free Report) had its price objective dropped by equities researchers at Robert W. Baird from $82.00 to $80.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a "neutral" rating on the industrial products company's stock. Robert W. Baird's price objective would indicate a potential downside of 10.43% from the company's previous close.

Other equities analysts have also issued research reports about the company. Barclays increased their target price on Stanley Black & Decker from $105.00 to $107.00 and gave the company an "overweight" rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. dropped their target price on Stanley Black & Decker from $89.00 to $80.00 and set an "underweight" rating on the stock in a report on Tuesday, February 6th. Finally, Wells Fargo & Company dropped their price objective on Stanley Black & Decker from $105.00 to $95.00 and set an "equal weight" rating on the stock in a report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Stanley Black & Decker has a consensus rating of "Hold" and a consensus target price of $98.11.

Stanley Black & Decker Stock Down 0.0 %

Shares of Stanley Black & Decker stock traded down $0.01 during trading hours on Thursday, reaching $89.32. 983,910 shares of the company were exchanged, compared to its average volume of 1,286,170. Stanley Black & Decker has a 1 year low of $73.87 and a 1 year high of $104.21. The stock's fifty day moving average is $91.45 and its 200 day moving average is $90.57. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 1.19. The firm has a market cap of $13.74 billion, a PE ratio of -42.94, a PEG ratio of 2.43 and a beta of 1.34.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its earnings results on Thursday, February 1st. The industrial products company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.73 by $0.19. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.84 billion. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. Stanley Black & Decker's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.10) earnings per share. As a group, equities research analysts forecast that Stanley Black & Decker will post 4.12 earnings per share for the current year.

Institutional Investors Weigh In On Stanley Black & Decker

Hedge funds have recently added to or reduced their stakes in the company. Foresight Capital Management Advisors Inc. acquired a new stake in Stanley Black & Decker in the fourth quarter valued at about $2,593,000. Charles Schwab Investment Management Inc. lifted its position in shares of Stanley Black & Decker by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 949,632 shares of the industrial products company's stock valued at $79,370,000 after acquiring an additional 13,540 shares during the period. Vest Financial LLC lifted its position in shares of Stanley Black & Decker by 44.0% during the 4th quarter. Vest Financial LLC now owns 338,624 shares of the industrial products company's stock valued at $33,219,000 after acquiring an additional 103,403 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of Stanley Black & Decker during the 3rd quarter valued at approximately $1,605,000. Finally, Manchester Financial Inc. purchased a new position in shares of Stanley Black & Decker during the 4th quarter worth approximately $2,067,000. Institutional investors and hedge funds 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.