Stanley Black & Decker (SWK) Now Covered by Deutsche Bank

Equities research analysts at Deutsche Bank began coverage on shares of Stanley Black & Decker (NYSE:SWK) in a report released on Wednesday, MarketBeat reports. The firm set a “hold” rating and a $136.00 price target on the industrial products company’s stock. Deutsche Bank’s target price suggests a potential upside of 5.89% from the stock’s current price.

Several other equities research analysts have also commented on SWK. Wells Fargo & Co dropped their price objective on shares of Stanley Black & Decker from $194.00 to $168.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 17th. Macquarie set a $140.00 price objective on shares of Stanley Black & Decker and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Credit Suisse Group set a $135.00 price objective on shares of Stanley Black & Decker and gave the stock a “buy” rating in a research note on Friday, October 26th. Zacks Investment Research lowered shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Tuesday, October 30th. Finally, Robert W. Baird reissued a “neutral” rating on shares of Stanley Black & Decker in a research note on Friday, July 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $163.29.

NYSE:SWK opened at $128.43 on Wednesday. Stanley Black & Decker has a one year low of $106.41 and a one year high of $176.62. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.48 and a current ratio of 0.92. The stock has a market cap of $18.99 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 1.65 and a beta of 1.32.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Thursday, October 25th. The industrial products company reported $2.08 EPS for the quarter, topping the consensus estimate of $2.04 by $0.04. Stanley Black & Decker had a net margin of 7.22% and a return on equity of 16.71%. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.59 billion. Research analysts anticipate that Stanley Black & Decker will post 8.14 EPS for the current fiscal year.

In other Stanley Black & Decker news, VP Jocelyn Belisle sold 1,185 shares of Stanley Black & Decker stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $139.04, for a total value of $164,762.40. Following the completion of the transaction, the vice president now directly owns 12,766 shares of the company’s stock, valued at $1,774,984.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jaime A. Ramirez sold 8,251 shares of Stanley Black & Decker stock in a transaction dated Monday, October 29th. The stock was sold at an average price of $111.29, for a total transaction of $918,253.79. Following the completion of the transaction, the senior vice president now directly owns 36,566 shares of the company’s stock, valued at $4,069,430.14. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the business. Rational Advisors LLC raised its holdings in shares of Stanley Black & Decker by 6,076.9% during the third quarter. Rational Advisors LLC now owns 803 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 790 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of Stanley Black & Decker during the second quarter valued at approximately $136,000. NEXT Financial Group Inc purchased a new position in shares of Stanley Black & Decker during the third quarter valued at approximately $139,000. Paragon Capital Management Ltd purchased a new position in shares of Stanley Black & Decker during the second quarter valued at approximately $204,000. Finally, Checchi Capital Advisers LLC purchased a new position in shares of Stanley Black & Decker during the third quarter valued at approximately $207,000. 84.86% of the stock is owned by institutional investors and hedge funds.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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

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