Analyst Rating Update on Stanley Black & Decker (SWK)

Stanley Black & Decker (NYSE:SWK) : Zacks Investment Research ranks Stanley Black & Decker (NYSE:SWK) as 2, which is a Buy recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 2.23, which indicates as a Buy.

Stanley Black & Decker (NYSE:SWK) : 9 investment research analysts covering Stanley Black & Decker (NYSE:SWK) have an average price target of $122.11 for the near short term. The highest target price given by the Brokerage Firm to the stock is $130 and the lowest target is $107 for the short term. Analysts expect the variance to be within $7.47 of the average price.

Company shares have received an average consensus rating of Hold for the current week Also, Goldman Sachs initiates coverage on Stanley Black & Decker (NYSE:SWK). In the latest research report, Goldman Sachs announces the target price to $120 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on June 10, 2016.

Stanley Black & Decker (NYSE:SWK): stock turned positive on Tuesday. Though the stock opened at $105.28, the bulls momentum made the stock top out at $106.28 level for the day. The stock recorded a low of $104.95 and closed the trading day at $106.22, in the green by 1.90%. The total traded volume for the day was 1,481,548. The stock had closed at $104.24 in the previous days trading.

In an insider trading activity, Gass Rhonda, officer (VP & Chief Information Officer) of Stanley Black & Decker, Inc., unloaded 1,978 shares at an average price of $114.75 on May 24, 2016. The total amount of the transaction was worth $226,976, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Stanley Black & Decker, Inc. is a global provider of power and hand tools, products and services. The Company provides products and services for various industrial applications, mechanical access solutions (automatic doors and commercial locking systems), and electronic security and monitoring systems. The Companys operating segments include: Construction & Do-It-Yourself (CDIY), Industrial and Security. The CDIY segment consists of the Professional Power Tool Business; the Consumer Products Group, which includes outdoor products; the Hand Tools & Storage business, and the Fastening & Accessories business. The Industrial segment consists of the Industrial and Automotive Repair (IAR), Engineered Fastening and Infrastructure Businesses. The Security segment consists of the Convergent Security Solutions (CSS) and Mechanical Access Solutions (MAS) businesses.

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