Stanley Black & Decker (NYSE:SWK) Given New $118.00 Price Target at Citigroup

Stanley Black & Decker (NYSE:SWK) had its price target reduced by Citigroup from $135.00 to $118.00 in a research note released on Thursday morning,Benzinga reports. Citigroup currently has a buy rating on the industrial products company’s stock.

A number of other equities research analysts have also weighed in on SWK. The Goldman Sachs Group boosted their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. StockNews.com downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Thursday, December 19th. Wells Fargo & Company dropped their price target 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. Finally, Robert W. Baird reduced 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 research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Stanley Black & Decker has a consensus rating of “Hold” and an average target price of $103.11.

Stanley Black & Decker Stock Up 0.4 %

NYSE:SWK opened at $86.00 on Thursday. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. Stanley Black & Decker has a twelve month low of $77.70 and a twelve month high of $110.88. The stock’s 50-day simple moving average is $84.04 and its 200 day simple moving average is $93.52.

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, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. Equities analysts predict that Stanley Black & Decker will post 4.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stanley Black & Decker

Several institutional investors and hedge funds have recently made changes to their positions in SWK. Sanctuary Advisors LLC acquired a new stake in shares of Stanley Black & Decker during the 2nd quarter worth approximately $762,000. Park Avenue Securities LLC bought a new position in Stanley Black & Decker during the third quarter worth $343,000. Czech National Bank increased its stake in Stanley Black & Decker by 7.0% in the third quarter. Czech National Bank now owns 31,363 shares of the industrial products company’s stock valued at $3,454,000 after purchasing an additional 2,040 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Stanley Black & Decker by 52.8% during the third quarter. GAMMA Investing LLC now owns 3,343 shares of the industrial products company’s stock valued at $368,000 after purchasing an additional 1,155 shares during the period. Finally, Atomi Financial Group Inc. boosted its position in shares of Stanley Black & Decker by 45.2% during the 3rd quarter. Atomi Financial Group Inc. now owns 3,792 shares of the industrial products company’s stock worth $418,000 after purchasing an additional 1,180 shares in the last quarter. Institutional investors 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 Storage segment, and Industrial segment.