Stanley Black & Decker, Inc. (NYSE:SWK) was upgraded by Zelman & Associates from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Several other research analysts also recently commented on the company. Wells Fargo & Company restated an “outperform” rating and issued a $175.00 target price (up previously from $165.00) on shares of Stanley Black & Decker in a research note on Wednesday. KeyCorp raised their target price on Stanley Black & Decker from $160.00 to $185.00 and gave the stock a “hold” rating in a research note on Friday, October 13th. Morgan Stanley upgraded Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and set a $169.00 target price for the company in a research note on Monday, October 2nd. Zacks Investment Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $168.00 target price for the company in a research note on Tuesday, September 26th. Finally, Robert W. Baird restated a “hold” rating and issued a $150.00 target price on shares of Stanley Black & Decker in a research note on Monday, August 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $158.07.

Shares of Stanley Black & Decker (SWK) traded up 0.13% during midday trading on Wednesday, hitting $156.85. 813,310 shares of the stock were exchanged. The firm has a market capitalization of $24.02 billion, a price-to-earnings ratio of 20.09 and a beta of 1.06. The stock’s 50-day moving average price is $150.90 and its 200-day moving average price is $141.98. Stanley Black & Decker has a 1-year low of $111.89 and a 1-year high of $159.79.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Monday, July 24th. The industrial products company reported $2.01 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $3.18 billion. During the same quarter last year, the company earned $1.84 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. On average, analysts forecast that Stanley Black & Decker will post $7.31 EPS for the current year.

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In other Stanley Black & Decker news, SVP Joseph R. Voelker sold 10,432 shares of Stanley Black & Decker stock in a transaction that occurred on 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John H. Wyatt sold 6,956 shares of Stanley Black & Decker stock in a transaction that occurred on 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 transaction, 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. Company insiders own 1.15% of the company’s stock.

A number of institutional investors have recently made changes to their positions in SWK. Royce & Associates LP increased its stake in Stanley Black & Decker by 32.6% in the 1st quarter. Royce & Associates LP now owns 29,300 shares of the industrial products company’s stock worth $3,893,000 after purchasing an additional 7,200 shares during the period. Cornerstone Wealth Management LLC increased its stake in Stanley Black & Decker by 27.4% in the 1st quarter. Cornerstone Wealth Management LLC now owns 3,783 shares of the industrial products company’s stock worth $495,000 after purchasing an additional 814 shares during the period. Teacher Retirement System of Texas purchased a new position in Stanley Black & Decker in the 1st quarter worth approximately $491,000. Massachusetts Financial Services Co. MA increased its stake in Stanley Black & Decker by 0.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,619,158 shares of the industrial products company’s stock worth $480,878,000 after purchasing an additional 15,721 shares during the period. Finally, Cleararc Capital Inc. increased its stake in Stanley Black & Decker by 2.7% in the 1st quarter. Cleararc Capital Inc. now owns 3,746 shares of the industrial products company’s stock worth $498,000 after purchasing an additional 98 shares during the period. 83.61% 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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