Stanley Black & Decker (NYSE:SWK) Shares Gap Down – Time to Sell?

Stanley Black & Decker, Inc. (NYSE:SWK) gapped down prior to trading on Wednesday . The stock had previously closed at $86.66, but opened at $83.00. Stanley Black & Decker shares last traded at $82.66, with a volume of 299,071 shares.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SWK. Barclays lowered their price objective on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. The Goldman Sachs Group increased their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Thursday, December 19th. StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, Morgan Stanley lowered their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Stanley Black & Decker has a consensus rating of “Hold” and a consensus price target of $103.11.

Stanley Black & Decker Stock Performance

The business has a 50-day moving average of $83.97 and a 200 day moving average of $93.47. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42. The company has a market cap of $13.21 billion, a PE ratio of -62.61, a PEG ratio of 1.90 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. Equities research analysts anticipate that Stanley Black & Decker, Inc. will post 4.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Stanley Black & Decker

Several large investors have recently bought and sold shares of the business. State Street Corp grew its position in Stanley Black & Decker by 6.5% in the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock worth $998,107,000 after acquiring an additional 549,531 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Stanley Black & Decker by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company’s stock valued at $392,882,000 after acquiring an additional 35,100 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Stanley Black & Decker by 8.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock worth $326,960,000 after purchasing an additional 235,106 shares during the last quarter. Clean Energy Transition LLP boosted its position in shares of Stanley Black & Decker by 49.0% during the third quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock valued at $218,518,000 after buying an additional 652,780 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in shares of Stanley Black & Decker by 7.3% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,594,895 shares of the industrial products company’s stock valued at $128,054,000 after buying an additional 109,100 shares during the last quarter. 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.