Barclays Lowers Stanley Black & Decker (NYSE:SWK) Price Target to $86.00

Stanley Black & Decker (NYSE:SWK) had its price objective cut by investment analysts at Barclays from $94.00 to $86.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s price objective suggests a potential upside of 7.37% from the stock’s previous close.

Several other brokerages have also recently issued reports on SWK. Wells Fargo & Company decreased their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Jefferies Financial Group initiated coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price target for the company. Citigroup dropped their price objective on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a research note on Thursday, December 19th. Finally, UBS Group dropped their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $102.20.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK opened at $80.10 on Wednesday. Stanley Black & Decker has a twelve month low of $77.70 and a twelve month high of $110.88. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. The company has a market cap of $12.38 billion, a PE ratio of 41.31, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25. The company’s 50 day moving average is $85.41 and its 200 day moving average is $90.51.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. On average, sell-side analysts forecast that Stanley Black & Decker will post 5.16 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SWK. Capital Research Global Investors increased its stake in Stanley Black & Decker by 126.5% during the 4th quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company’s stock worth $440,424,000 after buying an additional 3,063,114 shares in the last quarter. Norges Bank purchased a new stake in shares of Stanley Black & Decker during the fourth quarter worth approximately $117,231,000. Invesco Ltd. raised its stake in Stanley Black & Decker by 22.6% in the 4th quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company’s stock valued at $332,336,000 after purchasing an additional 763,219 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Stanley Black & Decker by 44.2% in the 4th quarter. Ameriprise Financial Inc. now owns 2,215,765 shares of the industrial products company’s stock valued at $177,905,000 after purchasing an additional 679,359 shares during the last quarter. Finally, Clean Energy Transition LLP lifted its holdings in Stanley Black & Decker by 49.0% in the 3rd quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock valued at $218,518,000 after purchasing an additional 652,780 shares in the last quarter. 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.