Stanley Black & Decker (NYSE:SWK – Get Free Report) had its price target increased by stock analysts at Citigroup from $100.00 to $107.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Citigroup’s target price points to a potential upside of 13.11% from the company’s previous close.
Other equities research analysts have also issued research reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Friday, July 17th. Wall Street Zen upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Wells Fargo & Company raised their price objective on Stanley Black & Decker from $80.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, June 18th. Robert W. Baird set a $84.00 price target on shares of Stanley Black & Decker in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Stanley Black & Decker from $65.00 to $75.00 and gave the company an “underweight” rating in a research note on Friday, May 1st. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Stanley Black & Decker has an average rating of “Hold” and a consensus target price of $90.22.
Read Our Latest Analysis on Stanley Black & Decker
Stanley Black & Decker Stock Performance
Stanley Black & Decker (NYSE:SWK – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.36. Stanley Black & Decker had a return on equity of 8.78% and a net margin of 4.07%.The company 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 company earned $1.08 EPS. The firm’s quarterly revenue 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. As a group, equities research analysts anticipate that Stanley Black & Decker will post 5.35 EPS for the current fiscal year.
Institutional Investors Weigh In On Stanley Black & Decker
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Chapman Financial Group LLC bought a new position in shares of Stanley Black & Decker during the second quarter valued at approximately $26,000. CYBER HORNET ETFs LLC bought a new stake in Stanley Black & Decker during the 2nd quarter valued at about $28,000. Kovack Advisors Inc. purchased a new position in Stanley Black & Decker in the fourth quarter worth about $28,000. Motiv8 Investments LLC bought a new position in shares of Stanley Black & Decker in the fourth quarter worth approximately $31,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Stanley Black & Decker during the second quarter valued at approximately $31,000. 87.77% of the stock is owned by hedge funds and other institutional investors.
About Stanley Black & Decker
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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