Stanley Black & Decker (NYSE:SWK) Given New $120.00 Price Target at UBS Group

Stanley Black & Decker (NYSE:SWK) had its target price trimmed by UBS Group from $121.00 to $120.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

A number of other equities analysts have also recently weighed in on SWK. Morgan Stanley reduced their price target on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a research report on Thursday, December 19th. Barclays cut their price target on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Robert W. Baird decreased their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, Wells Fargo & Company cut their target price on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $103.00.

Stanley Black & Decker Trading Up 0.8 %

Shares of NYSE:SWK opened at $86.56 on Friday. The company has a market capitalization of $13.34 billion, a PE ratio of 44.62, a PEG ratio of 1.87 and a beta of 1.24. Stanley Black & Decker has a 12-month low of $77.70 and a 12-month high of $110.88. The business has a 50 day moving average of $83.97 and a two-hundred day moving average of $93.47. The company has a current ratio of 1.30, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) 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%. As a group, analysts forecast that Stanley Black & Decker will post 5.09 EPS for the current year.

Hedge Funds Weigh In On Stanley Black & Decker

A number of institutional investors and hedge funds have recently bought and sold shares of SWK. Rise Advisors LLC boosted its holdings in Stanley Black & Decker by 99.3% in the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 133 shares during the last quarter. Ridgewood Investments LLC purchased a new stake in shares of Stanley Black & Decker in the 4th quarter valued at approximately $36,000. Cape Investment Advisory Inc. raised its stake in Stanley Black & Decker by 107.2% in the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock valued at $37,000 after buying an additional 237 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in Stanley Black & Decker by 61.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 199 shares in the last quarter. Finally, Montag A & Associates Inc. acquired a new position in shares of Stanley Black & Decker in the 4th quarter valued at $44,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

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 Storage segment, and Industrial segment.