Stanley Black & Decker (NYSE:SWK) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Stanley Black & Decker (NYSE:SWK - Get Free Report) had its target price hoisted by stock analysts at Wells Fargo & Company from $60.00 to $70.00 in a report released on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the industrial products company's stock. Wells Fargo & Company's price target would suggest a potential downside of 1.45% from the company's previous close.

SWK has been the subject of several other reports. UBS Group cut their price target on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Robert W. Baird raised their price target on Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Barclays raised Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $69.00 to $90.00 in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. decreased their price target on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $92.10.

Stanley Black & Decker Stock Performance

NYSE SWK traded up $0.62 during trading hours on Tuesday, hitting $71.03. The company had a trading volume of 959,370 shares, compared to its average volume of 2,487,863. The business has a 50 day moving average of $65.55 and a 200-day moving average of $74.60. The company has a market cap of $10.99 billion, a PE ratio of 29.47, a price-to-earnings-growth ratio of 1.76 and a beta of 1.18. Stanley Black & Decker has a 1-year low of $53.91 and a 1-year high of $110.88. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 1.10.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.07. Stanley Black & Decker had a return on equity of 7.85% and a net margin of 2.40%. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter last year, the business posted $0.56 EPS. The firm's quarterly revenue was down 3.2% compared to the same quarter last year. As a group, equities research analysts expect that Stanley Black & Decker will post 5.16 EPS for the current year.

Institutional Trading of Stanley Black & Decker

A number of large investors have recently made changes to their positions in SWK. Golden State Wealth Management LLC lifted its holdings in Stanley Black & Decker by 1,138.5% in the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 296 shares in the last quarter. 1248 Management LLC purchased a new position in shares of Stanley Black & Decker during the first quarter valued at approximately $26,000. Hanson & Doremus Investment Management acquired a new stake in Stanley Black & Decker during the first quarter worth approximately $31,000. TD Private Client Wealth LLC grew its stake in Stanley Black & Decker by 830.4% in the 1st quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock worth $33,000 after acquiring an additional 382 shares during the period. Finally, Millstone Evans Group LLC acquired a new position in Stanley Black & Decker in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Company Profile

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.