Stanley Black & Decker (NYSE:SWK) had its price target lifted by Morgan Stanley from $138.00 to $171.00 in a research report issued to clients and investors on Friday, BenzingaRatingsTable reports. The firm currently has an “overweight” rating on the industrial products company’s stock. Morgan Stanley’s price target indicates a potential upside of 11.53% from the company’s current price.

Several other research analysts also recently commented on SWK. TheStreet raised shares of Stanley Black & Decker from a “c+” rating to a “b” rating in a report on Monday, July 27th. Nomura Instinet lowered their price target on shares of Stanley Black & Decker from $145.00 to $131.00 and set a “buy” rating for the company in a report on Monday, May 4th. Barclays increased their price target on shares of Stanley Black & Decker from $130.00 to $150.00 and gave the company an “overweight” rating in a report on Tuesday, June 16th. Deutsche Bank increased their price target on shares of Stanley Black & Decker from $151.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Finally, Zacks Investment Research raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $149.00 price target for the company in a report on Tuesday, July 14th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $158.06.

SWK opened at $153.32 on Friday. The firm has a 50-day simple moving average of $141.95 and a two-hundred day simple moving average of $133.11. Stanley Black & Decker has a 52 week low of $70.00 and a 52 week high of $173.67. The company has a market capitalization of $23.63 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 4.53 and a beta of 1.54. The company has a quick ratio of 0.59, a current ratio of 1.26 and a debt-to-equity ratio of 0.47.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.27 by $0.33. Stanley Black & Decker had a net margin of 5.88% and a return on equity of 13.33%. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the firm earned $2.66 EPS. The business’s revenue was down 17.6% on a year-over-year basis. As a group, sell-side analysts expect that Stanley Black & Decker will post 6.32 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. GPM Growth Investors Inc. increased its position in shares of Stanley Black & Decker by 0.4% during the second quarter. GPM Growth Investors Inc. now owns 18,987 shares of the industrial products company’s stock worth $2,646,000 after acquiring an additional 78 shares during the period. Essex Savings Bank increased its position in shares of Stanley Black & Decker by 3.2% during the second quarter. Essex Savings Bank now owns 2,564 shares of the industrial products company’s stock worth $358,000 after acquiring an additional 79 shares during the period. Winslow Evans & Crocker Inc. increased its position in shares of Stanley Black & Decker by 10.0% during the second quarter. Winslow Evans & Crocker Inc. now owns 911 shares of the industrial products company’s stock worth $127,000 after acquiring an additional 83 shares during the period. Optimum Investment Advisors increased its position in shares of Stanley Black & Decker by 10.7% during the second quarter. Optimum Investment Advisors now owns 890 shares of the industrial products company’s stock worth $124,000 after acquiring an additional 86 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Stanley Black & Decker by 41.7% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 299 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 88 shares during the period. 87.10% of the stock is currently owned by institutional investors and hedge funds.

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

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