Analysts’ Recent Ratings Changes for Stanley Black & Decker (SWK)

A number of firms have modified their ratings and price targets on shares of Stanley Black & Decker (NYSE: SWK) recently:

  • 1/29/2018 – Stanley Black & Decker had its “hold” rating reaffirmed by analysts at Gabelli.
  • 1/25/2018 – Stanley Black & Decker had its price target raised by analysts at Morgan Stanley from $172.00 to $189.00. They now have an “overweight” rating on the stock.
  • 1/25/2018 – Stanley Black & Decker had its price target raised by analysts at MKM Partners from $170.59 to $200.00. They now have a “buy” rating on the stock.
  • 1/25/2018 – Stanley Black & Decker had its “buy” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $190.00 price target on the stock.
  • 1/23/2018 – Stanley Black & Decker had its “buy” rating reaffirmed by analysts at Seaport Global Securities. They now have a $193.00 price target on the stock.
  • 1/23/2018 – Stanley Black & Decker was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Over the last three months, shares of Stanley Black & Decker underperformed the industry it belongs to. In the near term, the company is exposed to headwinds like increasing cost of sales and operating expenses. In the third quarter, the company's cost of sales increased 13.8% year over year while selling, general and administrative expenses grew by 17.1%. Rising debt level is another concerning factor. Also, active competition in all businesses can prove detrimental to its profitability.”
  • 1/23/2018 – Stanley Black & Decker is now covered by analysts at UBS Group AG. They set a “buy” rating and a $200.00 price target on the stock.
  • 12/20/2017 – Stanley Black & Decker was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Over the last six months, shares of Stanley Black & Decker outperformed the industry it belongs to. In the long term, we believe the company has solid growth potential on the back of its organic and inorganic growth initiatives. Year to date, the company has completed the acquisition of Newell Tools and Craftsman Brand while divested Mechanical Security Operations. For 2017, the company raised its earnings forecast to $7.33-$7.43 per share from $7.18-$7.38. Earnings estimates on the stock has increased for both 2017and 2018 in the last 60 days. However, in the near term, the company is exposed to headwinds like increasing expenses and huge debt level. Also, active competition in all businesses can prove detrimental to its profitability.”
  • 12/20/2017 – Stanley Black & Decker was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Stanley Black & Decker, Inc. (NYSE:SWK) traded up $1.02 during trading on Monday, hitting $155.25. The stock had a trading volume of 73,073 shares, compared to its average volume of 1,206,243. Stanley Black & Decker, Inc. has a fifty-two week low of $124.55 and a fifty-two week high of $176.62. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.05 and a quick ratio of 0.58. The stock has a market cap of $23,650.00, a P/E ratio of 19.29, a P/E/G ratio of 1.80 and a beta of 0.97.

Stanley Black & Decker (NYSE:SWK) last posted 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 business had revenue of $3.41 billion during 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%. The business’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.71 EPS. sell-side analysts forecast that Stanley Black & Decker, Inc. will post 8.43 earnings per share for the current year.

In other Stanley Black & Decker news, EVP Jeffrey D. Ansell sold 5,737 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $169.20, for a total transaction of $970,700.40. Following the completion of the sale, the executive vice president now directly owns 57,480 shares of the company’s stock, valued at approximately $9,725,616. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.15% of the stock is owned by corporate insiders.

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.

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