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What Are Analysts’ Views on Stanley Black & Decker?

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Mar. 16 2018, Updated 5:53 a.m. ET

Analysts’ views on Stanley Black & Decker

The number of analysts tracking Stanley Black & Decker (SWK) has risen from 21 to 23 in the past six months. Among them, 65% have recommended “buy” and 35% have recommended “hold.” There have been no “sell” recommendations.

 

Analysts have set a target price of $190.50, implying a 20.7% return based on the stock’s closing price on March 12, 2018. Analysts’ target price has risen from $183.12 to $190.50, indicating bullishness.

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SWK posted better-than-expected 4Q17 earnings, with adjusted EPS (earnings per share) of $2.18, marking 27% growth. Its revenue also grew, by 17% to $3.4 billion YoY (year-over-year). Notably, SWK expects adjusted EPS of $8.30–$8.50, suggesting an increase of 11%–14% YoY. As a result, analysts have recommended either “buy” or “hold” for SWK.

Brokerage recommendations

  • Morgan Stanley has reduced its target price for SWK to $178 from $189, implying a 13.6% return based on its closing price on March 13, 2018.
  • Instinet has recommended “buy” for SWK and a target price of $188, implying a 20% return based on its March 13 closing price.
  • Barclays (BCS) has rated SWK as “overweight” and recommended a target price of $184, implying a 17.5% return based on its March 13 closing price.

Investors can indirectly hold SWK through the Guggenheim S&P 500 Equal Weight Industrials ETF (RGI), which invests 1.3% of its portfolio in SWK. The fund also provides exposure to Caterpillar (CAT) and Deere (DE), which had weights of 1.5% each as of March 13, 2018.

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