Stanley Black & Decker (NYSE:SWK – Get Free Report) had its price target decreased by equities researchers at Morgan Stanley from $107.00 to $98.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the industrial products company’s stock. Morgan Stanley’s target price suggests a potential upside of 3.54% from the stock’s previous close.
Other equities research analysts have also issued research reports about the stock. The Goldman Sachs Group boosted their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Robert W. Baird decreased their target price on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday. StockNews.com upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Monday. UBS Group raised their price objective on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Wells Fargo & Company dropped their target price on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $102.29.
Get Our Latest Stock Report on SWK
Stanley Black & Decker Stock Performance
Stanley Black & Decker (NYSE:SWK – Get Free Report) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.17. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 EPS. On average, equities research analysts forecast that Stanley Black & Decker will post 4.18 EPS for the current fiscal year.
Insider Buying and Selling at Stanley Black & Decker
In other news, SVP Janet Link sold 13,520 shares of Stanley Black & Decker stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the sale, the senior vice president now owns 31,960 shares of the company’s stock, valued at approximately $3,320,963.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is currently owned by company insiders.
Institutional Trading of Stanley Black & Decker
Hedge funds and other institutional investors have recently modified their holdings of the business. Rise Advisors LLC increased its position in shares of Stanley Black & Decker by 99.3% during the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 133 shares during the last quarter. AlphaMark Advisors LLC purchased a new stake in Stanley Black & Decker in the second quarter valued at approximately $32,000. EverSource Wealth Advisors LLC lifted its stake in Stanley Black & Decker by 81.4% during the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 237 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Stanley Black & Decker during the second quarter worth $56,000. Finally, Waldron Private Wealth LLC acquired a new stake in shares of Stanley Black & Decker in the third quarter valued at $59,000. 87.77% of the stock is owned by institutional investors and hedge funds.
Stanley Black & Decker Company Profile
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.
Featured Stories
- Five stocks we like better than Stanley Black & Decker
- Why Are Stock Sectors Important to Successful Investing?
- Boeing: Why Analysts Think Now’s The Time To Be Brave
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- Advanced Micro Devices is Building Momentum with AI: Buy the Dip
- Following Congress Stock Trades
- Can Evolv Stock Recover From Its Massive Self-Inflicted Drop?
Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.