Stanley Black & Decker (NYSE:SWK) Given New $80.00 Price Target at Robert W. Baird

Stanley Black & Decker (NYSE:SWK) had its price target cut by stock analysts at Robert W. Baird from $82.00 to $80.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird’s price target would suggest a potential downside of 11.14% from the stock’s current price.

SWK has been the topic of a number of other reports. Barclays boosted their price target on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company decreased their target price on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, February 2nd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and an average target price of $98.11.

Stanley Black & Decker Price Performance

Shares of NYSE SWK traded up $0.70 during trading on Thursday, hitting $90.03. The company had a trading volume of 361,625 shares, compared to its average volume of 1,277,645. The stock has a fifty day simple moving average of $91.45 and a two-hundred day simple moving average of $90.58. Stanley Black & Decker has a fifty-two week low of $73.87 and a fifty-two week high of $104.21. The firm has a market capitalization of $13.85 billion, a price-to-earnings ratio of -43.23, a price-to-earnings-growth ratio of 2.43 and a beta of 1.34. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.67.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.19. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.84 billion. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. Stanley Black & Decker’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.10) earnings per share. On average, research analysts expect that Stanley Black & Decker will post 4.12 earnings per share for the current year.

Institutional Investors Weigh In On Stanley Black & Decker

Large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of Stanley Black & Decker by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 949,632 shares of the industrial products company’s stock valued at $79,370,000 after purchasing an additional 13,540 shares during the last quarter. Foresight Capital Management Advisors Inc. acquired a new position in shares of Stanley Black & Decker in the 4th quarter valued at $2,593,000. Vest Financial LLC boosted its holdings in shares of Stanley Black & Decker by 44.0% in the 4th quarter. Vest Financial LLC now owns 338,624 shares of the industrial products company’s stock valued at $33,219,000 after buying an additional 103,403 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Stanley Black & Decker in the 3rd quarter valued at $1,605,000. Finally, Manchester Financial Inc. acquired a new position in shares of Stanley Black & Decker in the 4th quarter valued at $2,067,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.