Citigroup Has Lowered Expectations for Stanley Black & Decker (NYSE:SWK) Stock Price

Stanley Black & Decker (NYSE:SWK - Get Free Report) had its price objective decreased by equities researchers at Citigroup from $135.00 to $118.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the industrial products company's stock. Citigroup's target price suggests a potential upside of 37.52% from the stock's current price.

SWK has been the topic of a number of other research reports. Wells Fargo & Company reduced their target price on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Morgan Stanley decreased their target price on shares of Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 30th. Robert W. Baird dropped their price target on shares of Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. Barclays lowered their price objective on shares of Stanley Black & Decker from $100.00 to $94.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 8th. Finally, StockNews.com lowered Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Stanley Black & Decker currently has a consensus rating of "Hold" and a consensus price target of $103.00.

Stanley Black & Decker Trading Down 0.8 %

NYSE:SWK traded down $0.65 during trading hours on Thursday, hitting $85.81. The company had a trading volume of 2,088,446 shares, compared to its average volume of 1,988,106. Stanley Black & Decker has a 1 year low of $77.70 and a 1 year high of $110.88. The company has a current ratio of 1.30, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64. The company has a 50-day moving average of $83.91 and a 200 day moving average of $93.55. The company has a market cap of $13.23 billion, a P/E ratio of 44.23, a P/E/G ratio of 1.87 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results 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 net margin of 1.92% and a return on equity of 7.50%. Sell-side analysts expect that Stanley Black & Decker will post 5.09 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SWK. Thrivent Financial for Lutherans boosted its stake in shares of Stanley Black & Decker by 79.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 15,089 shares of the industrial products company's stock valued at $1,234,000 after buying an additional 6,665 shares during the period. Cibc World Markets Corp lifted its stake in Stanley Black & Decker by 16.4% in the fourth quarter. Cibc World Markets Corp now owns 24,338 shares of the industrial products company's stock worth $1,954,000 after acquiring an additional 3,422 shares during the last quarter. SlateStone Wealth LLC grew its holdings in Stanley Black & Decker by 3.2% during the 4th quarter. SlateStone Wealth LLC now owns 8,147 shares of the industrial products company's stock worth $654,000 after acquiring an additional 250 shares in the last quarter. Glenview Trust co raised its holdings in shares of Stanley Black & Decker by 2.0% in the 4th quarter. Glenview Trust co now owns 29,863 shares of the industrial products company's stock valued at $2,398,000 after purchasing an additional 575 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Stanley Black & Decker by 6.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 229,199 shares of the industrial products company's stock worth $18,402,000 after purchasing an additional 13,093 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

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.