Stanley Black & Decker (NYSE:SWK) Price Target Cut to $60.00 by Analysts at JPMorgan Chase & Co.

Stanley Black & Decker (NYSE:SWK - Get Free Report) had its price objective decreased by investment analysts at JPMorgan Chase & Co. from $93.00 to $60.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "underweight" rating on the industrial products company's stock. JPMorgan Chase & Co.'s target price suggests a potential downside of 0.93% from the stock's current price.

A number of other brokerages also recently issued reports on SWK. UBS Group dropped their price target on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Robert W. Baird increased their target price on Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating in a report on Thursday. Jefferies Financial Group assumed coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They set a "buy" rating and a $103.00 price target on the stock. Barclays dropped their price target on Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Finally, Wells Fargo & Company dropped their price target on shares of Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $92.70.

Stanley Black & Decker Stock Down 1.3 %

Shares of Stanley Black & Decker stock traded down $0.83 during trading hours on Monday, reaching $60.56. The company's stock had a trading volume of 417,662 shares, compared to its average volume of 1,788,412. Stanley Black & Decker has a one year low of $53.91 and a one year high of $110.88. The company has a market capitalization of $9.36 billion, a P/E ratio of 31.23, a P/E/G ratio of 1.33 and a beta of 1.14. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. The stock's fifty day simple moving average is $71.19 and its two-hundred day simple moving average is $81.76.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.07. The business had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.73 billion. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The business's revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.56 earnings per share. On average, research analysts forecast that Stanley Black & Decker will post 5.16 earnings per share for the current year.

Institutional Investors Weigh In On Stanley Black & Decker

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Stanley Black & Decker by 0.7% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company's stock worth $1,758,000 after purchasing an additional 149 shares in the last quarter. Mather Group LLC. boosted its position in shares of Stanley Black & Decker by 11.1% during the fourth quarter. Mather Group LLC. now owns 1,506 shares of the industrial products company's stock worth $121,000 after acquiring an additional 151 shares during the last quarter. Vontobel Holding Ltd. grew its stake in Stanley Black & Decker by 3.8% during the first quarter. Vontobel Holding Ltd. now owns 4,494 shares of the industrial products company's stock valued at $345,000 after acquiring an additional 165 shares in the last quarter. Global X Japan Co. Ltd. increased its holdings in Stanley Black & Decker by 3.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 5,056 shares of the industrial products company's stock valued at $406,000 after acquiring an additional 172 shares during the last quarter. Finally, Allen Mooney & Barnes Investment Advisors LLC lifted its stake in Stanley Black & Decker by 0.7% in the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 24,854 shares of the industrial products company's stock worth $1,911,000 after purchasing an additional 174 shares in the last quarter. Institutional investors own 87.77% of the company's stock.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.

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