Stanley Black & Decker (NYSE:SWK) Price Target Cut to $118.00 by Analysts at Citigroup

Stanley Black & Decker (NYSE:SWK) had its price objective cut by Citigroup from $135.00 to $118.00 in a research note released on Thursday,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

Other analysts also recently issued research reports about the stock. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a report on Thursday, December 19th. Wells Fargo & Company decreased their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. StockNews.com lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Morgan Stanley dropped their price target on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group upped their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $103.11.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $86.00 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. Stanley Black & Decker has a 1 year low of $77.70 and a 1 year high of $110.88. The company has a 50-day moving average price of $84.04 and a 200-day moving average price of $93.52.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. On average, sell-side analysts anticipate that Stanley Black & Decker will post 4.14 EPS for the current year.

Institutional Investors Weigh In On Stanley Black & Decker

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Stanley Black & Decker in the fourth quarter worth $15,607,000. Arizona State Retirement System lifted its holdings in shares of Stanley Black & Decker by 1.4% in the fourth quarter. Arizona State Retirement System now owns 44,717 shares of the industrial products company’s stock worth $3,590,000 after buying an additional 631 shares in the last quarter. Sound Financial Strategies Group LLC grew its stake in Stanley Black & Decker by 14.1% during the fourth quarter. Sound Financial Strategies Group LLC now owns 9,237 shares of the industrial products company’s stock valued at $742,000 after acquiring an additional 1,139 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Stanley Black & Decker in the 4th quarter worth approximately $1,747,000. Finally, Atria Investments Inc boosted its holdings in Stanley Black & Decker by 25.2% in the 4th quarter. Atria Investments Inc now owns 9,684 shares of the industrial products company’s stock valued at $778,000 after purchasing an additional 1,948 shares during the period. 87.77% of the stock is currently owned by institutional investors.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Storage segment, and Industrial segment.