Stanley Black & Decker (NYSE:SWK) Given New $98.00 Price Target at Morgan Stanley

Stanley Black & Decker (NYSE:SWK - Get Free Report) had its price target cut by analysts at Morgan Stanley from $107.00 to $98.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an "equal weight" rating on the industrial products company's stock. Morgan Stanley's price objective indicates a potential upside of 3.54% from the stock's previous close.

SWK has been the subject of several other research reports. Wells Fargo & Company decreased their price objective on shares of Stanley Black & Decker from $104.00 to $100.00 and set an "equal weight" rating for the company in a research note on Wednesday. StockNews.com raised shares of Stanley Black & Decker from a "hold" rating to a "buy" rating in a research note on Monday. The Goldman Sachs Group raised their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. Barclays upped their target price on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 2nd. Finally, UBS Group lifted their price target on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Stanley Black & Decker presently has an average rating of "Hold" and a consensus target price of $102.29.

Stanley Black & Decker Trading Up 0.8 %

NYSE SWK traded up $0.76 during trading hours on Wednesday, hitting $94.65. 1,414,462 shares of the company were exchanged, compared to its average volume of 1,404,653. The stock has a market cap of $14.57 billion, a PE ratio of -48.97, a price-to-earnings-growth ratio of 2.71 and a beta of 1.24. The company has a quick ratio of 0.42, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. The stock has a 50-day moving average price of $103.62 and a 200 day moving average price of $93.75. Stanley Black & Decker has a 52 week low of $77.70 and a 52 week high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The company had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.80 billion. Stanley Black & Decker's quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.05 earnings per share. Analysts forecast that Stanley Black & Decker will post 4.18 earnings per share for the current fiscal year.

Insider Activity at Stanley Black & Decker

In related news, SVP Janet Link sold 13,520 shares of the company's stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the transaction, the senior vice president now directly owns 31,960 shares of the company's stock, valued at $3,320,963.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Stanley Black & Decker

Large investors have recently bought and sold shares of the stock. Sei Investments Co. raised its stake in Stanley Black & Decker by 11.0% in the 1st quarter. Sei Investments Co. now owns 137,385 shares of the industrial products company's stock worth $13,454,000 after acquiring an additional 13,659 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Stanley Black & Decker by 60.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,455 shares of the industrial products company's stock worth $2,353,000 after purchasing an additional 11,151 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Stanley Black & Decker by 6.7% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,702 shares of the industrial products company's stock worth $460,000 after purchasing an additional 297 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in Stanley Black & Decker by 6.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 121,614 shares of the industrial products company's stock valued at $11,920,000 after buying an additional 7,826 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Stanley Black & Decker by 196.9% during the 1st quarter. Russell Investments Group Ltd. now owns 106,499 shares of the industrial products company's stock worth $10,429,000 after buying an additional 70,625 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.