Raymond James Sticks to Its Hold Rating for Stanley Black & Decker (SWK)


Raymond James analyst Sam Darkatsh maintained a Hold rating on Stanley Black & Decker (SWK) yesterday. The company’s shares closed last Monday at $161.30, close to its 52-week high of $173.67.

According to TipRanks.com, Darkatsh is ranked #4760 out of 6924 analysts.

Stanley Black & Decker has an analyst consensus of Moderate Buy, with a price target consensus of $165.73, which is a 0.5% upside from current levels. In a report issued on August 28, Credit Suisse also maintained a Hold rating on the stock with a $163.00 price target.

See today’s analyst top recommended stocks >>

Based on Stanley Black & Decker’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.15 billion and net profit of $238 million. In comparison, last year the company earned revenue of $3.76 billion and had a net profit of $356 million.

Based on the recent corporate insider activity of 112 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SWK in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Stanley Black & Decker, Inc. engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil & gas and infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the following three segments: Tools and Storage, Industrial, and Security. The Tools and Storage segment comprises of the power tools and equipment, and hand tools, accessories, and storage businesses. The Industrial segment comprises of engineered fastening and infrastructure businesses. The Security segment includes the convergent security solutions and mechanical access solutions businesses. The company was founded by Frederick T. Stanley in 1843 and is headquartered in New Britain, CT.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts