Stanley Black & Decker (NYSE:SWK) Price Target Raised to $80.00

Stanley Black & Decker (NYSE:SWK) had its price objective boosted by analysts at Wells Fargo & Company from $75.00 to $80.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 8.50% from the stock’s previous close.

Several other research analysts also recently commented on SWK. Robert W. Baird boosted their price objective on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Wolfe Research upgraded shares of Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, July 8th. Wall Street Zen lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Jefferies Financial Group set a $86.00 price target on Stanley Black & Decker and gave the company a “buy” rating in a research report on Monday, August 18th. Finally, Barclays decreased their target price on shares of Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating for the company in a research report on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Stanley Black & Decker has a consensus rating of “Hold” and an average target price of $89.90.

Stanley Black & Decker Stock Down 2.2%

SWK traded down $1.69 on Monday, hitting $73.73. 108,966 shares of the company were exchanged, compared to its average volume of 2,339,799. The stock’s fifty day moving average is $74.04 and its 200-day moving average is $69.39. The company has a market cap of $11.41 billion, a PE ratio of 23.41, a PEG ratio of 1.56 and a beta of 1.19. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. Stanley Black & Decker has a 12 month low of $53.91 and a 12 month high of $109.91.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.38 by $0.70. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. Stanley Black & Decker’s revenue was down 6.2% compared to the same quarter last year. Stanley Black & Decker has set its FY 2025 guidance at 4.550-4.750 EPS. Equities research analysts predict that Stanley Black & Decker will post 5.16 EPS for the current fiscal year.

Institutional Trading of Stanley Black & Decker

Several institutional investors and hedge funds have recently modified their holdings of SWK. Vanguard Group Inc. raised its position in shares of Stanley Black & Decker by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 18,663,999 shares of the industrial products company’s stock valued at $1,264,486,000 after buying an additional 91,016 shares in the last quarter. State Street Corp boosted its stake in Stanley Black & Decker by 2.3% in the second quarter. State Street Corp now owns 9,423,438 shares of the industrial products company’s stock worth $638,438,000 after buying an additional 215,960 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Stanley Black & Decker by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 3,965,007 shares of the industrial products company’s stock worth $268,110,000 after buying an additional 65,327 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Stanley Black & Decker by 59.8% during the first quarter. Ameriprise Financial Inc. now owns 3,541,878 shares of the industrial products company’s stock valued at $272,294,000 after acquiring an additional 1,326,113 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Stanley Black & Decker by 2.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,182,343 shares of the industrial products company’s stock valued at $215,604,000 after acquiring an additional 63,132 shares in the last quarter. Hedge funds and other 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 Outdoor and Industrial segments.