Stanley Black & Decker, Inc. (SWK) Given New $185.00 Price Target at KeyCorp

Stanley Black & Decker, Inc. (NYSE:SWK) had its price target lifted by research analysts at KeyCorp from $160.00 to $185.00 in a research report issued to clients and investors on Friday. The brokerage presently has a “hold” rating on the industrial products company’s stock. KeyCorp’s target price points to a potential upside of 16.88% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on SWK. Morgan Stanley boosted their target price on shares of Stanley Black & Decker from $150.00 to $154.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Zacks Investment Research raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $168.00 target price on the stock in a report on Tuesday, September 26th. BidaskClub raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Friday, June 16th. UBS AG reissued a “buy” rating and set a $160.00 target price (up previously from $150.00) on shares of Stanley Black & Decker in a report on Tuesday, July 25th. Finally, Instinet boosted their target price on shares of Stanley Black & Decker from $145.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $156.86.

Stanley Black & Decker (NYSE SWK) traded up 0.64% during trading on Friday, hitting $159.29. The stock had a trading volume of 85,253 shares. The firm has a 50 day moving average price of $148.70 and a 200-day moving average price of $141.18. Stanley Black & Decker has a 1-year low of $111.89 and a 1-year high of $159.79. The firm has a market capitalization of $24.40 billion, a PE ratio of 20.40 and a beta of 1.06.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Monday, July 24th. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.05. Stanley Black & Decker had a net margin of 9.92% and a return on equity of 15.36%. The business had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter in the previous year, the firm posted $1.84 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities research analysts expect that Stanley Black & Decker will post $7.31 EPS for the current year.

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In other Stanley Black & Decker news, insider John H. Wyatt sold 6,956 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $147.96, for a total transaction of $1,029,209.76. Following the completion of the sale, the insider now directly owns 49,188 shares in the company, valued at $7,277,856.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Joseph R. Voelker sold 10,432 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $150.15, for a total transaction of $1,566,364.80. Following the sale, the senior vice president now owns 25,810 shares of the company’s stock, valued at $3,875,371.50. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Stanley Black & Decker by 2.6% during the second quarter. Vanguard Group Inc. now owns 11,396,761 shares of the industrial products company’s stock valued at $1,603,865,000 after buying an additional 287,124 shares during the period. BlackRock Inc. boosted its position in Stanley Black & Decker by 1,670.7% during the first quarter. BlackRock Inc. now owns 10,447,937 shares of the industrial products company’s stock valued at $1,388,216,000 after buying an additional 9,857,885 shares during the period. State Street Corp boosted its position in Stanley Black & Decker by 3.2% during the first quarter. State Street Corp now owns 7,828,768 shares of the industrial products company’s stock valued at $1,040,211,000 after buying an additional 244,854 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Stanley Black & Decker by 0.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,619,158 shares of the industrial products company’s stock valued at $480,878,000 after buying an additional 15,721 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Stanley Black & Decker by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,193,176 shares of the industrial products company’s stock valued at $291,398,000 after buying an additional 41,688 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

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.

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

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