Stanley Black & Decker, Inc. (NYSE:SWK) had its price target increased by stock analysts at KeyCorp from $160.00 to $185.00 in a report issued on Friday. The brokerage presently has a “hold” rating on the industrial products company’s stock. KeyCorp’s price target would indicate a potential upside of 16.88% from the stock’s current price.

A number of other research analysts have also recently weighed in on SWK. Seaport Global Securities started coverage on Stanley Black & Decker in a research report on Friday, June 16th. They issued a “buy” rating and a $160.00 price target for the company. BidaskClub upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Instinet lifted their price objective on Stanley Black & Decker from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, June 28th. MKM Partners initiated coverage on Stanley Black & Decker in a research report on Friday, July 7th. They set a “buy” rating and a $166.00 price objective for the company. Finally, Wolfe Research initiated coverage on Stanley Black & Decker in a research report on Tuesday, July 11th. They set an “outperform” rating and a $160.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $156.86.

Shares of Stanley Black & Decker (SWK) traded up 0.64% during midday trading on Friday, reaching $159.30. 96,929 shares of the company traded hands. The stock has a market capitalization of $24.40 billion, a P/E ratio of 20.40 and a beta of 1.06. Stanley Black & Decker has a 1-year low of $111.89 and a 1-year high of $159.79. The stock’s 50-day moving average is $148.70 and its 200-day moving average is $141.18.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Monday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.05. Stanley Black & Decker had a return on equity of 15.36% and a net margin of 9.92%. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter last year, the business posted $1.84 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities analysts predict that Stanley Black & Decker will post $7.31 EPS for the current fiscal year.

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In other Stanley Black & Decker news, SVP Joseph R. Voelker sold 10,432 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $150.15, for a total value of $1,566,364.80. Following the sale, the senior vice president now directly owns 25,810 shares of the company’s stock, valued at approximately $3,875,371.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John H. Wyatt sold 6,956 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $147.96, for a total value of $1,029,209.76. Following the completion of the sale, the insider now directly owns 49,188 shares in the company, valued at $7,277,856.48. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SWK. BlackRock Inc. lifted its stake in shares of Stanley Black & Decker by 1,670.7% in the 1st quarter. BlackRock Inc. now owns 10,447,937 shares of the industrial products company’s stock valued at $1,388,216,000 after purchasing an additional 9,857,885 shares in the last quarter. Fred Alger Management Inc. lifted its stake in shares of Stanley Black & Decker by 275.0% in the 2nd quarter. Fred Alger Management Inc. now owns 701,930 shares of the industrial products company’s stock valued at $98,783,000 after purchasing an additional 514,773 shares in the last quarter. Cornerstone Investment Partners LLC lifted its stake in shares of Stanley Black & Decker by 4,009.6% in the 2nd quarter. Cornerstone Investment Partners LLC now owns 327,497 shares of the industrial products company’s stock valued at $46,089,000 after purchasing an additional 319,528 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Stanley Black & Decker by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 11,396,761 shares of the industrial products company’s stock valued at $1,603,865,000 after purchasing an additional 287,124 shares in the last quarter. Finally, Wedge Capital Management L L P NC acquired a new position in shares of Stanley Black & Decker in the 2nd quarter valued at about $34,675,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

Analyst Recommendations for Stanley Black & Decker (NYSE:SWK)

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