Robert W. Baird Increases Stanley Black & Decker (NYSE:SWK) Price Target to $104.00

Stanley Black & Decker (NYSE:SWK) had its price target increased by investment analysts at Robert W. Baird from $94.00 to $104.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird’s target price indicates a potential downside of 2.26% from the company’s previous close.

Several other brokerages have also weighed in on SWK. Barclays raised their target price on Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. UBS Group boosted their price objective on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. increased their target price on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research report on Monday, August 5th. Morgan Stanley assumed coverage on shares of Stanley Black & Decker in a research report on Friday, September 6th. They issued an “equal weight” rating and a $107.00 price target for the company. Finally, Wells Fargo & Company cut their target price on Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $106.13.

Stanley Black & Decker Stock Up 1.2 %

Shares of NYSE:SWK opened at $106.40 on Monday. Stanley Black & Decker has a fifty-two week low of $76.57 and a fifty-two week high of $110.88. The firm’s 50 day moving average price is $102.78 and its 200 day moving average price is $93.36. The company has a quick ratio of 0.42, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. The stock has a market cap of $16.38 billion, a price-to-earnings ratio of -54.85, a price-to-earnings-growth ratio of 2.83 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.25. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.02 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 was down 3.2% on a year-over-year basis. During the same period last year, the business earned ($0.11) EPS. As a group, equities research analysts predict that Stanley Black & Decker will post 4.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Stanley Black & Decker

In other news, SVP Janet Link sold 13,520 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $103.91, for a total value of $1,404,863.20. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in Stanley Black & Decker by 7.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock valued at $1,802,975,000 after purchasing an additional 1,250,925 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Stanley Black & Decker by 18.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock valued at $134,444,000 after buying an additional 267,013 shares in the last quarter. Sabal Trust CO acquired a new position in Stanley Black & Decker during the second quarter worth $19,878,000. Massachusetts Financial Services Co. MA raised its position in Stanley Black & Decker by 8.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,733,749 shares of the industrial products company’s stock worth $218,399,000 after acquiring an additional 212,103 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Stanley Black & Decker by 161.6% in the second quarter. AQR Capital Management LLC now owns 221,865 shares of the industrial products company’s stock valued at $17,725,000 after acquiring an additional 137,058 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

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.