Stanley Black & Decker (NYSE:SWK) Price Target Raised to $107.00 at Citigroup

Stanley Black & Decker (NYSE:SWK) had its target price increased by equities research analysts at Citigroup from $100.00 to $107.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Citigroup’s target price would indicate a potential upside of 13.11% from the stock’s previous close.

Several other brokerages also recently weighed in on SWK. The Goldman Sachs Group reiterated a “neutral” rating and issued a $93.00 price target on shares of Stanley Black & Decker in a report on Wednesday. Wells Fargo & Company upped their price objective on Stanley Black & Decker from $80.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, June 18th. JPMorgan Chase & Co. increased their target price on Stanley Black & Decker from $65.00 to $75.00 and gave the stock an “underweight” rating in a research note on Friday, May 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Friday, July 17th. Finally, Robert W. Baird set a $84.00 target price on shares of Stanley Black & Decker in a research note on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $90.22.

Stanley Black & Decker Price Performance

SWK stock traded down $0.95 during mid-day trading on Friday, hitting $94.60. The company had a trading volume of 2,672,195 shares, compared to its average volume of 1,887,738. Stanley Black & Decker has a 12-month low of $61.90 and a 12-month high of $96.04. The company has a market capitalization of $14.71 billion, a price-to-earnings ratio of 23.07, a P/E/G ratio of 1.30 and a beta of 1.16. The company has a 50-day moving average price of $86.14 and a 200 day moving average price of $81.11. The company has a quick ratio of 0.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.53.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.36. The company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. Stanley Black & Decker had a return on equity of 8.78% and a net margin of 4.07%.Stanley Black & Decker’s revenue was up .4% on a year-over-year basis. During the same period last year, the company earned $1.08 earnings per share. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. On average, research analysts anticipate that Stanley Black & Decker will post 5.35 earnings per share for the current year.

Institutional Trading of Stanley Black & Decker

Several large investors have recently added to or reduced their stakes in SWK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Stanley Black & Decker by 3.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,648 shares of the industrial products company’s stock valued at $1,203,000 after acquiring an additional 559 shares during the last quarter. Empowered Funds LLC grew its position in shares of Stanley Black & Decker by 8.2% during the 1st quarter. Empowered Funds LLC now owns 4,645 shares of the industrial products company’s stock valued at $357,000 after acquiring an additional 353 shares during the period. Focus Partners Wealth increased its stake in shares of Stanley Black & Decker by 18.8% in the 1st quarter. Focus Partners Wealth now owns 6,981 shares of the industrial products company’s stock valued at $537,000 after purchasing an additional 1,105 shares in the last quarter. CW Advisors LLC purchased a new position in Stanley Black & Decker during the second quarter worth approximately $249,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Stanley Black & Decker by 53.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 989 shares of the industrial products company’s stock worth $67,000 after buying an additional 345 shares during the period. Hedge funds and other 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.