Stanley Black & Decker (NYSE:SWK – Get Free Report) had its price objective upped by equities research analysts at Wells Fargo & Company from $80.00 to $90.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 9.17% from the stock’s previous close.
Several other brokerages have also recently commented on SWK. Robert W. Baird set a $84.00 price objective on shares of Stanley Black & Decker in a research note on Thursday, April 30th. Barclays reduced their price objective on shares of Stanley Black & Decker from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Morgan Stanley reduced their price objective on shares of Stanley Black & Decker from $87.00 to $84.00 and set an “equal weight” rating for the company in a research note on Thursday, May 28th. Wall Street Zen lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, JPMorgan Chase & Co. boosted their price objective on Stanley Black & Decker from $65.00 to $75.00 and gave the stock an “underweight” rating in a report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $88.44.
Get Our Latest Stock Report on Stanley Black & Decker
Stanley Black & Decker Stock Down 2.6%
Stanley Black & Decker (NYSE:SWK – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.61 by $0.19. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Stanley Black & Decker had a net margin of 2.44% and a return on equity of 7.95%. Stanley Black & Decker’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.75 earnings per share. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. Research analysts anticipate that Stanley Black & Decker will post 5.32 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Stanley Black & Decker
A number of large investors have recently modified their holdings of the stock. Capital Research Global Investors boosted its stake in shares of Stanley Black & Decker by 0.7% during the 4th quarter. Capital Research Global Investors now owns 12,856,517 shares of the industrial products company’s stock valued at $954,991,000 after purchasing an additional 88,402 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Stanley Black & Decker by 1.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,898,190 shares of the industrial products company’s stock valued at $735,239,000 after purchasing an additional 101,769 shares in the last quarter. State Street Corp boosted its stake in shares of Stanley Black & Decker by 2.3% during the 2nd quarter. State Street Corp now owns 9,423,438 shares of the industrial products company’s stock valued at $638,438,000 after purchasing an additional 215,960 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Stanley Black & Decker by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,976,851 shares of the industrial products company’s stock valued at $353,618,000 after purchasing an additional 92,573 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Stanley Black & Decker by 49.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,379,653 shares of the industrial products company’s stock valued at $325,541,000 after purchasing an additional 1,450,170 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.
Stanley Black & Decker Company Profile
Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.
Operations are organized across three principal business segments.
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