Stanley Black & Decker (SWK) Given a $160.00 Price Target by Gabelli Analysts

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Stanley Black & Decker (NYSE:SWK) received a $160.00 price objective from investment analysts at Gabelli in a research report issued to clients and investors on Friday, TipRanks reports. The brokerage currently 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 previous close.

Other research analysts have also recently issued reports about the company. TheStreet raised Stanley Black & Decker from a “c+” rating to a “b” rating in a research report on Wednesday, April 24th. Deutsche Bank set a $137.00 price objective on Stanley Black & Decker and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Wolfe Research set a $140.00 price objective on Stanley Black & Decker and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Credit Suisse Group set a $155.00 price objective on Stanley Black & Decker and gave the company a “buy” rating in a research report on Tuesday, January 22nd. Finally, Longbow Research raised Stanley Black & Decker from a “neutral” rating to a “buy” rating and set a $160.00 price objective on the stock in a research report on Friday, March 22nd. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Stanley Black & Decker has an average rating of “Buy” and an average target price of $159.06.

Shares of SWK stock traded down $3.51 during trading hours on Friday, reaching $134.85. 1,255,266 shares of the company traded hands, compared to its average volume of 1,410,770. Stanley Black & Decker has a 12-month low of $106.41 and a 12-month high of $155.22. The company has a quick ratio of 0.43, a current ratio of 0.91 and a debt-to-equity ratio of 0.54. The stock has a market cap of $20.47 billion, a P/E ratio of 16.55, a PEG ratio of 1.97 and a beta of 1.25.

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

In related news, EVP Jeffrey D. Ansell sold 15,639 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $150.30, for a total value of $2,350,541.70. Following the transaction, the executive vice president now directly owns 26,574 shares of the company’s stock, valued at approximately $3,994,072.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Robert H. Raff, Jr. sold 6,179 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $151.66, for a total value of $937,107.14. Following the completion of the transaction, the insider now directly owns 14,116 shares in the company, valued at $2,140,832.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 129,831 shares of company stock worth $18,933,275. 1.03% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in Stanley Black & Decker by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 12,566,744 shares of the industrial products company’s stock worth $1,840,276,000 after acquiring an additional 1,822,466 shares during the last quarter. BlackRock Inc. increased its stake in Stanley Black & Decker by 0.9% in the 4th quarter. BlackRock Inc. now owns 9,723,341 shares of the industrial products company’s stock worth $1,164,274,000 after acquiring an additional 88,892 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Stanley Black & Decker by 37.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,490,447 shares of the industrial products company’s stock worth $777,167,000 after acquiring an additional 1,772,064 shares during the last quarter. Wells Fargo & Company MN increased its stake in Stanley Black & Decker by 1.0% in the 1st quarter. Wells Fargo & Company MN now owns 4,962,537 shares of the industrial products company’s stock worth $675,748,000 after acquiring an additional 50,353 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in Stanley Black & Decker by 5.6% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,756,315 shares of the industrial products company’s stock worth $449,782,000 after acquiring an additional 199,100 shares during the last quarter. 89.49% of the stock is currently owned by institutional investors.

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

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