Stanley Black & Decker, Inc. (NYSE:SWK) Stock Has Average Price Target of $94.11 According to Analysts

Stanley Black & Decker, Inc. (NYSE:SWK) has been assigned a consensus rating of “Hold” from the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $94.11.

Several research analysts recently weighed in on the company. The Goldman Sachs Group restated a “neutral” rating and set a $93.00 target price on shares of Stanley Black & Decker in a research note on Wednesday, July 29th. Mizuho lowered their price objective on shares of Stanley Black & Decker from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Morgan Stanley set a $100.00 price objective on shares of Stanley Black & Decker in a report on Tuesday, October 6th. Wall Street Zen downgraded Stanley Black & Decker from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Citigroup upped their target price on Stanley Black & Decker from $100.00 to $107.00 and gave the company a “buy” rating in a research report on Friday, July 31st.

Stanley Black & Decker Stock Down 0.0%

NYSE:SWK opened at $99.37 on Friday. Stanley Black & Decker has a 1-year low of $61.90 and a 1-year high of $104.68. The company has a 50-day moving average of $93.23 and a 200 day moving average of $85.30.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.36. The business had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the previous year, the company earned $1.08 earnings per share. The firm’s revenue was up .4% on a year-over-year basis. As a group, analysts expect that Stanley Black & Decker will post 5.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Compass Financial Management LLC purchased a new stake in shares of Stanley Black & Decker in the 2nd quarter valued at $31,000. Cape Investment Advisory Inc. purchased a new stake in Stanley Black & Decker in the second quarter valued at $35,000. Continuum Advisory LLC purchased a new stake in Stanley Black & Decker in the second quarter valued at $36,000. Fiduciary Financial Advisors acquired a new stake in Stanley Black & Decker during the 2nd quarter worth about $43,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in Stanley Black & Decker during the 2nd quarter worth about $51,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc is a global manufacturer of tools, outdoor products and related equipment. The company serves professional contractors, industrial customers, do-it-yourself consumers and outdoor enthusiasts through a portfolio that includes power tools, hand tools, storage solutions, accessories, lawn and garden equipment, and other outdoor products.

Its brands include DEWALT, CRAFTSMAN, STANLEY, BLACK+DECKER, Cub Cadet, Hustler and Troy-Bilt. Products are sold through retailers, distributors, e-commerce channels and other commercial outlets, supporting construction, maintenance, manufacturing, automotive repair and residential applications.

The company was formed in 2010 through the merger of The Stanley Works and The Black & Decker Corporation.