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

Stanley Black & Decker (NYSE:SWK) had its price objective dropped by analysts at Wells Fargo & Company from $95.00 to $90.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective suggests a potential downside of 3.69% from the stock’s current price.

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

Stanley Black & Decker Trading Up 0.8%

Shares of Stanley Black & Decker stock traded up $0.70 during midday trading on Friday, reaching $93.45. The company had a trading volume of 376,252 shares, compared to its average volume of 1,832,549. The stock has a fifty day moving average price of $94.11 and a 200 day moving average price of $86.36. Stanley Black & Decker has a fifty-two week low of $61.90 and a fifty-two week high of $104.68. The firm has a market cap of $14.11 billion, a PE ratio of 22.77, a P/E/G 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 (NYSE:SWK) last released its 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 business had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the firm posted $1.08 EPS. The company’s revenue for the quarter was up .4% compared to the same quarter last year. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. On average, equities analysts anticipate that Stanley Black & Decker will post 5.58 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SWK. BlackRock Inc. bought a new stake in shares of Stanley Black & Decker during the second quarter valued at approximately $1,006,417,000. Nykredit A S acquired a new stake in Stanley Black & Decker in the 2nd quarter valued at $166,378,000. Confluence Investment Management LLC bought a new position in shares of Stanley Black & Decker in the second quarter valued at approximately $126,909,000. Bank of New York Mellon Corp bought a new position in shares of Stanley Black & Decker in the second quarter valued at approximately $123,843,000. Finally, Bank of America Corp DE purchased a new position in shares of Stanley Black & Decker during the second quarter valued at approximately $85,606,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Company Profile

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.