The Goldman Sachs Group Increases Stanley Black & Decker (NYSE:SWK) Price Target to $107.00

Stanley Black & Decker (NYSE:SWK) had its target price raised by investment analysts at The Goldman Sachs Group from $94.00 to $107.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the industrial products company’s stock. The Goldman Sachs Group’s target price suggests a potential downside of 0.89% from the company’s previous close.

SWK has been the topic of several other research reports. Barclays raised their price objective on Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company dropped their price target on shares of Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. UBS Group raised their price objective on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley began coverage on shares of Stanley Black & Decker in a report on Friday, September 6th. They issued an “equal weight” rating and a $107.00 target price for the company. Finally, Robert W. Baird boosted their price objective on Stanley Black & Decker from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $103.13.

Stanley Black & Decker Trading Up 1.0 %

Stanley Black & Decker stock opened at $107.96 on Thursday. 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 company has a market cap of $16.61 billion, a P/E ratio of -156.46, a P/E/G ratio of 2.84 and a beta of 1.24. The business has a 50-day simple moving average of $101.40 and a two-hundred day simple moving average of $92.94. Stanley Black & Decker has a 52-week low of $76.57 and a 52-week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.25. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the firm earned ($0.11) earnings per share. Analysts predict that Stanley Black & Decker will post 4.17 EPS for the current year.

Insider Transactions at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of the firm’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 transaction of $1,404,863.20. Following the completion of the transaction, the senior vice president now owns 31,960 shares in the company, valued at $3,320,963.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Stanley Black & Decker

Institutional investors and hedge funds have recently made changes to their positions in the business. Rise Advisors LLC lifted its holdings in shares of 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 acquiring an additional 133 shares during the last quarter. Quarry LP bought a new stake in shares of Stanley Black & Decker in the 4th quarter valued at approximately $36,000. AlphaMark Advisors LLC purchased a new position in shares of Stanley Black & Decker in the 2nd quarter worth approximately $32,000. Fairman Group LLC bought a new position in shares of Stanley Black & Decker during the 4th quarter valued at approximately $50,000. Finally, EverSource Wealth Advisors LLC lifted its position in Stanley Black & Decker by 81.4% in the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock worth $42,000 after buying an additional 237 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Company Profile

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.