Stanley Black & Decker (NYSE:SWK) had its price objective increased by Morgan Stanley from $172.00 to $189.00 in a research report issued on Thursday. The brokerage currently has an “overweight” rating on the industrial products company’s stock. Morgan Stanley’s price target indicates a potential upside of 10.79% from the company’s previous close.
Several other equities analysts have also recently weighed in on the company. MKM Partners raised their price objective on Stanley Black & Decker from $170.59 to $200.00 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. lifted their price target on Stanley Black & Decker to $190.00 and gave the stock an “overweight” rating in a report on Thursday. Seaport Global Securities reiterated a “buy” rating and set a $193.00 price target on shares of Stanley Black & Decker in a report on Tuesday. Zacks Investment Research cut Stanley Black & Decker from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, UBS Group started coverage on Stanley Black & Decker in a report on Tuesday. They set a “buy” rating and a $200.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $177.75.
Shares of Stanley Black & Decker (SWK) traded down $3.30 during midday trading on Thursday, hitting $170.59. The stock had a trading volume of 2,200,700 shares, compared to its average volume of 976,175. The company has a market cap of $26,160.00, a PE ratio of 21.19, a price-to-earnings-growth ratio of 2.02 and a beta of 1.04. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.26 and a quick ratio of 0.69. Stanley Black & Decker has a 12 month low of $120.56 and a 12 month high of $176.62.
In other news, EVP Jeffrey D. Ansell sold 5,737 shares of the business’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 owns 57,480 shares in the company, valued at $9,725,616. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Jocelyn Belisle sold 6,845 shares of the business’s stock in a transaction that occurred on 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 sale, the vice president now owns 21,449 shares of the company’s stock, valued at approximately $3,534,580.71. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 113,203 shares of company stock valued at $18,418,584. Corporate insiders own 1.15% of the company’s stock.
Several large investors have recently modified their holdings of SWK. GSA Capital Partners LLP bought a new stake in shares of Stanley Black & Decker during the second quarter worth approximately $615,000. Quantbot Technologies LP acquired a new stake in shares of Stanley Black & Decker in the second quarter valued at approximately $220,000. Cibc World Markets Corp raised its position in shares of Stanley Black & Decker by 35.5% in the second quarter. Cibc World Markets Corp now owns 21,616 shares of the industrial products company’s stock valued at $3,042,000 after buying an additional 5,668 shares in the last quarter. Veritable L.P. raised its position in shares of Stanley Black & Decker by 7.5% in the second quarter. Veritable L.P. now owns 4,699 shares of the industrial products company’s stock valued at $661,000 after buying an additional 329 shares in the last quarter. Finally, Zacks Investment Management acquired a new stake in shares of Stanley Black & Decker in the second quarter valued at approximately $1,226,000. Institutional investors own 84.07% of the company’s stock.
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.
