Analysts Set Stanley Black & Decker, Inc. (NYSE:SWK) PT at $103.11

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have been assigned an average rating of “Hold” from the nine research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $103.00.

A number of equities research analysts have recently issued reports on SWK shares. UBS Group cut their price objective on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Wells Fargo & Company cut their price target 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. Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research note on Thursday, December 19th. Citigroup cut their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, Barclays decreased their target price on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th.

Stanley Black & Decker Stock Up 1.8 %

Stanley Black & Decker stock opened at $86.84 on Friday. Stanley Black & Decker has a one year low of $77.70 and a one year high of $110.88. The stock has a fifty day moving average of $83.81 and a 200 day moving average of $93.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.30. The stock has a market cap of $13.39 billion, a PE ratio of 44.76, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts predict that Stanley Black & Decker will post 5.09 EPS for the current year.

Hedge Funds Weigh In On Stanley Black & Decker

Several hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC purchased a new stake in Stanley Black & Decker in the 2nd quarter worth $762,000. Park Avenue Securities LLC purchased a new stake in shares of Stanley Black & Decker in the third quarter worth about $343,000. Czech National Bank boosted its stake in Stanley Black & Decker by 7.0% during the third quarter. Czech National Bank now owns 31,363 shares of the industrial products company’s stock valued at $3,454,000 after buying an additional 2,040 shares during the last quarter. GAMMA Investing LLC grew its holdings in Stanley Black & Decker by 52.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,343 shares of the industrial products company’s stock valued at $368,000 after buying an additional 1,155 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its stake in Stanley Black & Decker by 45.2% in the 3rd quarter. Atomi Financial Group Inc. now owns 3,792 shares of the industrial products company’s stock worth $418,000 after acquiring an additional 1,180 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

About Stanley Black & Decker

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.