Gabelli Reiterates “$160.00” Price Target for Stanley Black & Decker (SWK)

Stanley Black & Decker (NYSE:SWK) received a $160.00 price objective from equities research analysts at Gabelli in a report released on Friday, TipRanks reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Gabelli’s target price points to a potential upside of 18.65% from the stock’s current price.

A number of other research analysts have also recently weighed in on the stock. Wells Fargo & Co reduced their price target on shares of Stanley Black & Decker from $150.00 to $141.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 23rd. Credit Suisse Group set a $155.00 price target on shares of Stanley Black & Decker and gave the company a “buy” rating in a research report on Tuesday, January 22nd. Raymond James reaffirmed a “hold” rating on shares of Stanley Black & Decker in a research report on Wednesday, January 23rd. Buckingham Research lifted their price target on shares of Stanley Black & Decker from $122.00 to $148.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Finally, Barclays lifted their price target on shares of Stanley Black & Decker from $145.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $159.06.

Shares of SWK traded down $3.51 during mid-day trading on Friday, hitting $134.85. The company had a trading volume of 1,255,266 shares, compared to its average volume of 1,410,770. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.43 and a current ratio of 0.91. Stanley Black & Decker has a 1-year low of $106.41 and a 1-year high of $155.22. The stock has a market capitalization of $20.47 billion, a PE ratio of 16.55, a P/E/G ratio of 1.97 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.32. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.30 billion. Stanley Black & Decker had a net margin of 4.57% and a return on equity of 17.01%. Stanley Black & Decker’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 earnings per share. As a group, sell-side analysts expect that Stanley Black & Decker will post 8.63 earnings per share for the current fiscal year.

In other news, CEO James M. Loree sold 56,699 shares of Stanley Black & Decker stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $145.14, for a total transaction of $8,229,292.86. Following the sale, the chief executive officer now owns 88,854 shares in the company, valued at $12,896,269.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert H. Raff, Jr. sold 6,179 shares of Stanley Black & Decker stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $151.66, for a total transaction of $937,107.14. Following the sale, the insider now owns 14,116 shares in the company, valued at approximately $2,140,832.56. The disclosure for this sale can be found here. Insiders have sold 129,831 shares of company stock worth $18,933,275 in the last quarter. Insiders own 1.03% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Destination Wealth Management raised its stake in shares of Stanley Black & Decker by 319.1% during the first quarter. Destination Wealth Management now owns 197 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 150 shares during the period. Truvestments Capital LLC purchased a new stake in shares of Stanley Black & Decker during the first quarter valued at approximately $27,000. Proficio Capital Partners LLC raised its stake in shares of Stanley Black & Decker by 370.5% during the fourth quarter. Proficio Capital Partners LLC now owns 207 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 163 shares during the period. Rational Advisors LLC increased its stake in shares of Stanley Black & Decker by 4,116.7% in the first quarter. Rational Advisors LLC now owns 253 shares of the industrial products company’s stock worth $34,000 after buying an additional 247 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. increased its stake in shares of Stanley Black & Decker by 412.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 256 shares of the industrial products company’s stock worth $36,000 after buying an additional 206 shares during the last quarter. Institutional investors own 89.49% of the company’s stock.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil & gas and infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the following three segments: Tools and Storage, Industrial, and Security.

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