In a report released yesterday, Julian Mitchell from Barclays maintained a Buy rating on Stanley Black & Decker (SWK), with a price target of $130.00. The company’s shares closed last Thursday at $106.71.
According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 6.4% and a 62.1% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Raytheon Technologies.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Stanley Black & Decker with a $150.71 average price target, a 40.5% upside from current levels. In a report issued on April 6, Nomura also maintained a Buy rating on the stock with a $116.00 price target.
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Based on Stanley Black & Decker’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.71 billion and net profit of $199 million. In comparison, last year the company earned revenue of $3.63 billion and had a GAAP net loss of $107 million.
Based on the recent corporate insider activity of 94 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. Most recently, in February 2020, James Loree, the President & CEO of SWK sold 62,261 shares for a total of $10,334,081.
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.
