Shares of Stanley Black & Decker, Inc. (NYSE:SWK) have been assigned an average rating of “Buy” from the twenty-one research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $178.40.
Several analysts have commented on SWK shares. Northcoast Research started coverage on shares of Stanley Black & Decker in a report on Friday, October 20th. They issued a “buy” rating and a $193.00 price objective for the company. Zacks Investment Research lowered shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. FBR & Co lifted their target price on shares of Stanley Black & Decker from $165.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. JPMorgan Chase & Co. lifted their target price on shares of Stanley Black & Decker from $152.00 to $180.00 and gave the company an “overweight” rating in a report on Monday, October 30th. Finally, Zelman & Associates upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th.
Shares of Stanley Black & Decker (NYSE:SWK) traded down $0.97 on Tuesday, reaching $157.07. 916,933 shares of the company’s stock traded hands, compared to its average volume of 1,238,178. The company has a quick ratio of 0.58, a current ratio of 1.05 and a debt-to-equity ratio of 0.34. Stanley Black & Decker has a twelve month low of $124.85 and a twelve month high of $176.62. The stock has a market capitalization of $24,050.00, a price-to-earnings ratio of 19.51, a PEG ratio of 1.80 and a beta of 0.97.
In other news, EVP Jeffrey D. Ansell sold 5,737 shares of Stanley Black & Decker stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $169.20, for a total transaction of $970,700.40. Following the completion of the transaction, the executive vice president now directly owns 57,480 shares in the company, valued at $9,725,616. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.15% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Icon Wealth Partners LLC bought a new stake in shares of Stanley Black & Decker during the fourth quarter valued at approximately $119,000. SeaCrest Wealth Management LLC bought a new stake in shares of Stanley Black & Decker during the fourth quarter valued at approximately $123,000. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Stanley Black & Decker by 22.9% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,806 shares of the industrial products company’s stock valued at $131,000 after acquiring an additional 709 shares in the last quarter. Bank of Nova Scotia Trust Co. bought a new stake in shares of Stanley Black & Decker during the third quarter valued at approximately $141,000. Finally, Rowland & Co. Investment Counsel ADV bought a new stake in shares of Stanley Black & Decker during the fourth quarter valued at approximately $145,000. 84.01% of the stock is owned by institutional investors.
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.
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