Stanley Black & Decker (SWK) Receives New Coverage from Analysts at Credit Suisse Group

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Credit Suisse Group started coverage on shares of Stanley Black & Decker (NYSE:SWK) in a research report issued on Monday, September 17th, Marketbeat.com reports. The brokerage set an “outperform” rating and a $170.00 price target on the industrial products company’s stock. Credit Suisse Group’s price objective suggests a potential upside of 31.00% from the company’s previous close.

Other equities analysts have also issued reports about the stock. UBS Group reduced their target price on shares of Stanley Black & Decker from $195.00 to $190.00 and set a “buy” rating for the company in a research note on Thursday, August 30th. Wells Fargo & Co reduced their price objective on shares of Stanley Black & Decker from $194.00 to $168.00 and set an “outperform” rating for the company in a research note on Tuesday, July 17th. Morgan Stanley reduced their price objective on shares of Stanley Black & Decker from $162.00 to $161.00 and set a “$138.69” rating for the company in a research note on Monday, July 23rd. ValuEngine upgraded shares of Stanley Black & Decker from a “sell” rating to a “hold” rating in a research note on Friday, July 20th. Finally, B. Riley restated a “buy” rating on shares of Stanley Black & Decker in a research note on Thursday, June 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. Stanley Black & Decker presently has an average rating of “Buy” and an average target price of $178.69.

Shares of SWK traded down $1.15 during trading hours on Monday, reaching $129.77. The stock had a trading volume of 1,967,439 shares, compared to its average volume of 1,298,174. The company has a quick ratio of 0.51, a current ratio of 0.94 and a debt-to-equity ratio of 0.38. Stanley Black & Decker has a 52 week low of $127.35 and a 52 week high of $176.62. The stock has a market cap of $22.41 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.73 and a beta of 0.98.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Friday, July 20th. The industrial products company reported $2.57 EPS for the quarter, beating the Zacks’ consensus estimate of $2.03 by $0.54. Stanley Black & Decker had a net margin of 7.52% and a return on equity of 16.54%. The business had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same quarter in the prior year, the company earned $0.58 EPS. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. On average, equities research analysts expect that Stanley Black & Decker will post 8.38 earnings per share for the current fiscal year.

In other Stanley Black & Decker news, VP Jocelyn Belisle sold 1,185 shares of the stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $139.04, for a total value of $164,762.40. Following the transaction, the vice president now directly owns 12,766 shares of the company’s stock, valued at approximately $1,774,984.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.69% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in SWK. Victory Capital Management Inc. increased its holdings in shares of Stanley Black & Decker by 4.9% during the first quarter. Victory Capital Management Inc. now owns 45,328 shares of the industrial products company’s stock worth $6,944,000 after purchasing an additional 2,136 shares during the period. Engineers Gate Manager LP bought a new position in shares of Stanley Black & Decker during the first quarter worth approximately $306,000. Thrivent Financial for Lutherans increased its holdings in shares of Stanley Black & Decker by 19.8% during the first quarter. Thrivent Financial for Lutherans now owns 42,616 shares of the industrial products company’s stock worth $6,529,000 after purchasing an additional 7,051 shares during the period. Riverhead Capital Management LLC increased its holdings in shares of Stanley Black & Decker by 36.5% during the first quarter. Riverhead Capital Management LLC now owns 2,706 shares of the industrial products company’s stock worth $414,000 after purchasing an additional 724 shares during the period. Finally, Tyers Asset Management LLC increased its holdings in shares of Stanley Black & Decker by 24.3% during the first quarter. Tyers Asset Management LLC now owns 3,760 shares of the industrial products company’s stock worth $576,000 after purchasing an additional 736 shares during the period. 83.56% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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Analyst Recommendations for Stanley Black & Decker (NYSE:SWK)

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