Stanley Black & Decker (NYSE:SWK) PT Raised to $164.00 at Buckingham Research

Stanley Black & Decker (NYSE:SWK) had its target price upped by equities researchers at Buckingham Research from $157.00 to $164.00 in a research report issued on Friday, The Fly reports. The firm currently has a “neutral” rating on the industrial products company’s stock. Buckingham Research’s price target would suggest a potential upside of 2.23% from the stock’s previous close.

A number of other brokerages also recently commented on SWK. Bank of America upgraded shares of Stanley Black & Decker from an “underperform” rating to a “buy” rating and set a $182.00 target price on the stock in a research note on Thursday, November 14th. They noted that the move was a valuation call. Deutsche Bank raised their target price on shares of Stanley Black & Decker from $166.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. UBS Group assumed coverage on shares of Stanley Black & Decker in a research note on Thursday, December 12th. They issued a “buy” rating and a $200.00 price target for the company. ValuEngine cut shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a report on Tuesday, January 21st. Finally, Zelman & Associates downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $167.67.

Shares of NYSE SWK traded down $4.74 during mid-day trading on Friday, hitting $160.42. The company had a trading volume of 57,554 shares, compared to its average volume of 1,274,494. The company has a market capitalization of $24.74 billion, a PE ratio of 25.24, a price-to-earnings-growth ratio of 2.12 and a beta of 1.41. The business’s 50-day simple moving average is $166.60 and its 200 day simple moving average is $151.26. Stanley Black & Decker has a 1-year low of $123.04 and a 1-year high of $173.67. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.01 and a quick ratio of 0.47.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, January 29th. The industrial products company reported $2.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.02. Stanley Black & Decker had a return on equity of 16.15% and a net margin of 6.62%. The firm had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the previous year, the firm posted $2.11 EPS. Stanley Black & Decker’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts expect that Stanley Black & Decker will post 8.94 EPS for the current year.

Stanley Black & Decker announced that its Board of Directors has authorized a share repurchase plan on Thursday, October 24th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the industrial products company to buy up to 0.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

In related news, insider Nixon John purchased 169,566 shares of the stock in a transaction on Wednesday, November 13th. The shares were purchased at an average price of $0.18 per share, with a total value of $31,200.14. Also, CAO Jocelyn Belisle sold 206 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $158.72, for a total value of $32,696.32. Following the sale, the chief accounting officer now owns 12,329 shares in the company, valued at approximately $1,956,858.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,059 shares of company stock worth $9,292,144. 1.03% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of SWK. Sumitomo Mitsui Trust Holdings Inc. increased its position in Stanley Black & Decker by 0.8% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 590,336 shares of the industrial products company’s stock worth $97,842,000 after purchasing an additional 4,635 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Stanley Black & Decker by 10.4% in the 4th quarter. Parallel Advisors LLC now owns 860 shares of the industrial products company’s stock worth $143,000 after buying an additional 81 shares in the last quarter. Sanders Capital LLC boosted its position in shares of Stanley Black & Decker by 12.6% in the 4th quarter. Sanders Capital LLC now owns 918,236 shares of the industrial products company’s stock worth $152,067,000 after buying an additional 102,768 shares in the last quarter. Cedar Mountain Advisors LLC purchased a new stake in shares of Stanley Black & Decker in the 4th quarter worth about $48,000. Finally, Clifford Swan Investment Counsel LLC purchased a new stake in shares of Stanley Black & Decker in the 4th quarter worth about $910,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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