Stanley Black & Decker Inc. Reaches New 12-Month High at $92.76 (SWK)
Shares of Stanley Black & Decker (NYSE:SWK) hit a new 52-week high during trading on Tuesday, AnalystRatingsNetwork.com reports. The stock traded as high as $92.76 and last traded at $92.13, with a volume of 1,043,643 shares trading hands. The stock had previously closed at $90.57.
A number of analysts have recently weighed in on SWK shares. Analysts at Longbow Research upgraded shares of Stanley Black & Decker (NYSE:SWK) from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $110.00 price target on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Stanley Black & Decker (NYSE:SWK) from $87.00 to $93.00 in a research note to investors on Monday. They now have an “in-line” rating on the stock. Finally, analysts at Gabelli initiated coverage on shares of Stanley Black & Decker (NYSE:SWK) in a research note to investors on Wednesday, September 25th. They set a “buy” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $90.40.
In other Stanley Black & Decker news, SVP Jeffrey Ansell sold 1,250 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $92.05, for a total transaction of $115,062.50. Following the transaction, the senior vice president now directly owns 78,238 shares in the company, valued at approximately $7,201,808. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Stanley Black & Decker has a 52-week low of $66.18 and a 52-week high of $92.36. The stock’s 50-day moving average is $88.15 and its 200-day moving average is $81.96. The company has a market cap of $14.785 billion and a P/E ratio of 16.75.
Stanley Black & Decker (NYSE:SWK) last released its earnings data on Friday, July 26th. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.20 by $0.01. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the prior year, the company posted $1.32 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. Analysts expect that Stanley Black & Decker will post $5.44 EPS for the current fiscal year.
Stanley Black & Decker Inc is a diversified global provider of power and hand tools, mechanical access solutions (NYSE:SWK), electronic security and monitoring systems and products and services for various industrial applications.
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