Stanley Black & Decker (NYSE:SWK) Stock Gets Price Target Reduction from Wells Fargo & Company

Stanley Black & Decker (NYSE:SWK) had its target price decreased by research analysts at Wells Fargo & Company from $95.00 to $90.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price target would indicate a potential downside of 3.69% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Weiss Ratings raised shares of Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Morgan Stanley set a $100.00 target price on shares of Stanley Black & Decker in a research report on Tuesday, October 6th. Citigroup lifted their target price on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Wall Street Zen raised shares of Stanley Black & Decker from a “buy” rating to a “strong-buy” rating in a research report on Sunday, September 6th. Finally, Mizuho reduced their target price on shares of Stanley Black & Decker from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Stanley Black & Decker presently has a consensus rating of “Hold” and an average target price of $94.11.

Stanley Black & Decker Stock Up 0.8%

Shares of NYSE SWK traded up $0.70 during trading on Friday, hitting $93.45. The stock had a trading volume of 376,252 shares, compared to its average volume of 1,832,549. The firm has a fifty day moving average of $94.11 and a two-hundred day moving average of $86.36. The company has a market capitalization of $14.11 billion, a PE ratio of 22.77, a PEG ratio of 1.34 and a beta of 1.17. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 0.55. Stanley Black & Decker has a 12 month low of $61.90 and a 12 month high of $104.68.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.36. Stanley Black & Decker had a net margin of 4.07% and a return on equity of 8.78%. The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the firm earned $1.08 earnings per share. The firm’s revenue was up .4% on a year-over-year basis. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. As a group, equities research analysts forecast that Stanley Black & Decker will post 5.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Stanley Black & Decker

Large investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. grew its holdings in Stanley Black & Decker by 533.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 96,322 shares of the industrial products company’s stock valued at $9,066,000 after buying an additional 81,121 shares in the last quarter. Oak Thistle LLC bought a new stake in shares of Stanley Black & Decker during the second quarter valued at about $1,440,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Stanley Black & Decker in the first quarter worth about $47,448,000. Benjamin Edwards Inc. purchased a new stake in shares of Stanley Black & Decker in the second quarter worth about $1,115,000. Finally, Beacon Pointe Advisors LLC bought a new position in shares of Stanley Black & Decker in the second quarter valued at approximately $1,365,000. 87.77% of the stock is owned by institutional investors.

About Stanley Black & Decker

Stanley Black & Decker, Inc is a global manufacturer of tools, outdoor power equipment and related storage solutions. Its products serve professional tradespeople, industrial customers and consumers across construction, maintenance, automotive, manufacturing and home-improvement markets.

The company’s portfolio includes power tools, hand tools, fasteners, tool storage systems and outdoor equipment. Its principal brands include DEWALT, CRAFTSMAN, STANLEY, BLACK+DECKER and Cub Cadet, along with other brands serving professional and consumer applications.

Stanley Black & Decker traces its history to the founding of Stanley in 1843 and the establishment of Black & Decker in 1910.