Stanley Black & Decker, Inc. (NYSE:SWK) had its price target lifted by FBR & Co from $165.00 to $195.00 in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. FBR & Co’s price objective points to a potential upside of 17.65% from the stock’s previous close.

Several other research firms have also issued reports on SWK. KeyCorp lifted their price target on shares of Stanley Black & Decker from $160.00 to $185.00 and gave the stock a “hold” rating in a report on Friday, October 13th. Robert W. Baird reaffirmed a “hold” rating and issued a $150.00 price target on shares of Stanley Black & Decker in a report on Friday. Northcoast Research assumed coverage on shares of Stanley Black & Decker in a report on Friday. They issued a “buy” rating and a $193.00 price target on the stock. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $175.00 price target (up from $165.00) on shares of Stanley Black & Decker in a report on Wednesday, October 18th. Finally, Zelman & Associates raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $162.29.

Shares of Stanley Black & Decker (NYSE:SWK) traded up 4.77% during mid-day trading on Tuesday, reaching $165.74. The company’s stock had a trading volume of 2,325,778 shares. The firm has a market cap of $25.38 billion, a PE ratio of 21.22 and a beta of 1.06. The firm’s 50 day moving average is $152.30 and its 200 day moving average is $142.63. Stanley Black & Decker has a one year low of $111.89 and a one year high of $166.70.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.08. Stanley Black & Decker had a net margin of 9.92% and a return on equity of 15.36%. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the company earned $1.68 earnings per share. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. On average, equities analysts anticipate that Stanley Black & Decker will post $7.31 earnings per share for the current fiscal year.

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In related news, insider John H. Wyatt sold 6,956 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $147.96, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Joseph R. Voelker sold 10,432 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $150.15, for a total transaction of $1,566,364.80. Following the transaction, the senior vice president now owns 25,810 shares of the company’s stock, valued at $3,875,371.50. The disclosure for this sale can be found here. 1.15% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BB&T Investment Services Inc. acquired a new position in Stanley Black & Decker during the second quarter valued at $102,000. Acrospire Investment Management LLC lifted its position in Stanley Black & Decker by 100.0% during the second quarter. Acrospire Investment Management LLC now owns 800 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 400 shares during the period. Farmers & Merchants Investments Inc. lifted its position in Stanley Black & Decker by 2.9% during the second quarter. Farmers & Merchants Investments Inc. now owns 823 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 23 shares during the period. Independent Portfolio Consultants Inc. lifted its position in Stanley Black & Decker by 87.8% during the second quarter. Independent Portfolio Consultants Inc. now owns 986 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 461 shares during the period. Finally, Harbour Capital Advisors LLC acquired a new position in Stanley Black & Decker during the first quarter valued at $140,000. Institutional investors own 83.76% of the company’s stock.

About Stanley Black & Decker

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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