Stanley Black & Decker (SWK) was Reiterated by Imperial Capital to “In-line” according to the research note released today. The brokerage firm has raised the Price Target to $ 107 from a previous price target of $103 . Imperial Capital advised their investors in a research report released on Apr 22, 2016.
Many Wall Street Analysts have commented on Stanley Black & Decker. Company shares were Reiterated by Wunderlich on Apr 21, 2016 to “Buy”, Firm has raised the Price Target to $ 130 from a previous price target of $120 .
On the company’s financial health, Stanley Black & Decker reported $1.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $1.14. The company had revenue of $2672.10 million for the quarter, compared to analysts expectations of $2566.01 million. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 EPS.
Stanley Black & Decker opened for trading at $109.9 and hit $113.16 on the upside on Wednesday, eventually ending the session at $112.27, with a gain of 3.74% or 4.05 points. The heightened volatility saw the trading volume jump to 31,49,225 shares. Company has a market cap of $17,103 M.
In a different news, on Apr 20, 2016, Lee B Mcchesney (CFO,GT&S and Pres.,Ind Vert) sold 1,341 shares at $109.90 per share price. According to the SEC, on Apr 20, 2016, Jeffrey D Ansell (SVP & Group Executive-GTS) sold 11,029 shares at $109.90 per share price. On Mar 8, 2016, Joseph R Voelker (SVP, Human Resources) sold 2,554 shares at $98.70 per share price, according to the Form-4 filing with the securities and exchange commission.
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 Company’s 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.