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What Analysts Recommend for Stanley Black & Decker

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Nov. 17 2017, Updated 10:32 a.m. ET

Analysts’ consensus on Stanley Black & Decker

Of the 23 analysts that cover Stanley Black & Decker (SWK), 65% have recommended the stock as a “buy,” and 35% of analysts have recommended the stock as a “hold.”

The analysts’ consensus indicates SWK’s 12-month target price to be at $182.12, which implies a return potential of 11% over the closing price as of November 14, 2017. Since August, the target price has moved up drastically from $157.20 to its current target price.

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SWK’s 3Q17 earnings and sales were better than analysts’ expectations. SWK reported adjusted earnings per share of $1.95, an increase of 16% over the previous year, while SWK reported revenues of $3.3 billion, 14% higher than 3Q16. Further, SWK raised its adjusted EPS guidance for the full year to be in the range of $7.33 to $7.43 as against the earlier guidance of $7.18 to $7.38. Also, the company’s acquisitions could support SWK’s future growth. All these factors tell why analysts are emphasizing a “hold” or “buy” for SWK.

Brokerage firm recommendations

  • Imperial Capital has recommended SWK with a target price of $175, which implies a return potential of 6.6% from its closing price of $164.11 on November 14, 2017.
  • JP Morgan (JPM) has recommended a target price of $180 for SWK, implying a return potential of 9.7% from its closing price of $164.11 on November 14, 2017.
  • MKM Partners recommended a target price of $190 for SWK, implying a return potential of 15.8% from its closing price on November 14, 2017.

Investors can indirectly hold SWK by investing in the Guggenheim S&P 500 Equal Weight Industrials ETF (RGI), which invests 1.6% of its portfolio in SWK. The other holdings of the fund include Caterpillar (CAT) and Deere (DE) with weights of 1.6% each as of November 14, 2017.

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