Stanley Black & Decker (NYSE:SWK) had its price target raised by research analysts at MKM Partners from $170.59 to $200.00 in a research report issued on Thursday. The firm presently has a “buy” rating on the industrial products company’s stock. MKM Partners’ target price would suggest a potential upside of 17.24% from the stock’s previous close.
Several other analysts have also recently weighed in on SWK. B. Riley reissued a “buy” rating on shares of Stanley Black & Decker in a research note on Wednesday, November 1st. JPMorgan Chase & Co. boosted their price objective on shares of Stanley Black & Decker to $190.00 and gave the stock an “overweight” rating in a research note on Thursday. UBS Group began coverage on shares of Stanley Black & Decker in a research note on Tuesday. They issued a “buy” rating and a $200.00 price objective on the stock. Seaport Global Securities reissued a “buy” rating and issued a $193.00 price objective on shares of Stanley Black & Decker in a research note on Tuesday. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $175.00 price objective (up previously from $165.00) on shares of Stanley Black & Decker in a research note on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $177.75.
Shares of Stanley Black & Decker (NYSE:SWK) traded down $3.30 during trading on Thursday, hitting $170.59. 2,200,700 shares of the company traded hands, compared to its average volume of 976,175. The company has a current ratio of 1.26, a quick ratio of 0.69 and a debt-to-equity ratio of 0.53. Stanley Black & Decker has a one year low of $120.56 and a one year high of $176.62. The company has a market capitalization 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.
In other news, EVP Jeffrey D. Ansell sold 5,737 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $169.20, for a total transaction of $970,700.40. Following the transaction, the executive vice president now owns 57,480 shares in the company, valued at $9,725,616. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James M. Loree sold 70,531 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $161.80, for a total transaction of $11,411,915.80. Following the transaction, the chief executive officer now owns 175,449 shares in the company, valued at approximately $28,387,648.20. The disclosure for this sale can be found here. Insiders have sold 113,203 shares of company stock worth $18,418,584 in the last quarter. Company insiders own 1.15% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. BB&T Investment Services Inc. acquired a new position in shares of Stanley Black & Decker during the second quarter valued at about $102,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Stanley Black & Decker by 22.9% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,806 shares of the industrial products company’s stock worth $131,000 after acquiring an additional 709 shares during the last quarter. Bank of Nova Scotia Trust Co. acquired a new stake in shares of Stanley Black & Decker in the 3rd quarter worth about $141,000. Rowland & Co. Investment Counsel ADV acquired a new stake in shares of Stanley Black & Decker in the 4th quarter worth about $145,000. Finally, Thompson Davis & CO. Inc. raised its holdings in shares of Stanley Black & Decker by 108.8% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,023 shares of the industrial products company’s stock worth $154,000 after acquiring an additional 533 shares during the last quarter. Hedge funds and other institutional investors 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.
