JPMorgan Chase & Co. Reaffirms Buy Rating for Stanley Black & Decker (SWK)

Stanley Black & Decker (NYSE:SWK)‘s stock had its “buy” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a report issued on Thursday. They presently have a $190.00 target price on the industrial products company’s stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 11.95% from the company’s previous close.

Several other equities analysts also recently weighed in on the company. Northcoast Research started coverage on Stanley Black & Decker in a research report on Friday, October 20th. They set a “buy” rating and a $193.00 target price on the stock. FBR & Co lifted their target price on Stanley Black & Decker from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. Zelman & Associates upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th. Nomura set a $180.00 target price on Stanley Black & Decker and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, Zacks Investment Research downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the company. Stanley Black & Decker presently has a consensus rating of “Buy” and an average target price of $177.75.

Stanley Black & Decker (SWK) traded up $0.56 during midday trading on Thursday, reaching $169.72. The company had a trading volume of 1,753,936 shares, compared to its average volume of 911,410. The stock has a market capitalization of $26,030.00, a P/E ratio of 21.08, a PEG ratio of 1.94 and a beta of 1.04. The company has a quick ratio of 0.69, a current ratio of 1.05 and a debt-to-equity ratio of 0.34. Stanley Black & Decker has a 12 month low of $120.89 and a 12 month high of $176.62.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, January 24th. The industrial products company reported $2.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.14 by $0.04. The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.27 billion. Stanley Black & Decker had a return on equity of 15.48% and a net margin of 9.62%. Stanley Black & Decker’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.71 earnings per share. sell-side analysts anticipate that Stanley Black & Decker will post 8.38 earnings per share for the current fiscal year.

In other news, VP Jocelyn Belisle sold 6,845 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $164.79, for a total value of $1,127,987.55. Following the transaction, the vice president now directly owns 21,449 shares in the company, valued at $3,534,580.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James M. Loree sold 70,531 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $161.80, for a total value of $11,411,915.80. Following the completion of the transaction, the chief executive officer now owns 175,449 shares in the company, valued at $28,387,648.20. The disclosure for this sale can be found here. Insiders sold 113,203 shares of company stock worth $18,418,584 over the last 90 days. Company insiders own 1.15% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC lifted its position in shares of Stanley Black & Decker by 589.2% in the third quarter. Janus Henderson Group PLC now owns 634,640 shares of the industrial products company’s stock worth $95,812,000 after buying an additional 542,555 shares in the last quarter. Fred Alger Management Inc. lifted its position in shares of Stanley Black & Decker by 275.0% in the second quarter. Fred Alger Management Inc. now owns 701,930 shares of the industrial products company’s stock worth $98,783,000 after buying an additional 514,773 shares in the last quarter. Pictet Asset Management Ltd. lifted its position in shares of Stanley Black & Decker by 45.2% in the third quarter. Pictet Asset Management Ltd. now owns 1,077,720 shares of the industrial products company’s stock worth $162,703,000 after buying an additional 335,500 shares in the last quarter. Cornerstone Investment Partners LLC lifted its position in shares of Stanley Black & Decker by 81.5% in the fourth quarter. Cornerstone Investment Partners LLC now owns 579,924 shares of the industrial products company’s stock worth $98,407,000 after buying an additional 260,319 shares in the last quarter. Finally, Davidson Kempner Capital Management LP purchased a new stake in shares of Stanley Black & Decker in the third quarter worth about $33,968,000. Institutional investors and hedge funds own 84.07% of the company’s stock.

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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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