Wells Fargo Sticks to Its Hold Rating for Stanley Black & Decker (SWK)

Wells Fargo analyst Joe O’Dea maintained a Hold rating on Stanley Black & Decker (SWK – Research Report) yesterday and set a price target of $92.00. The company’s shares closed last Friday at $90.12.

O’Dea covers the Industrials sector, focusing on stocks such as Eaton, Johnson Controls, and Lennox International. According to TipRanks, O’Dea has an average return of 8.1% and a 59.53% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Stanley Black & Decker with a $91.20 average price target, a 1.20% upside from current levels. In a report released on May 14, Mizuho Securities also maintained a Hold rating on the stock with a $100.00 price target.

The company has a one-year high of $102.00 and a one-year low of $71.18. Currently, Stanley Black & Decker has an average volume of 1.46M.

Based on the recent corporate insider activity of 83 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.

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 (SWK) Company Description:

Stanley Black & Decker, Inc. is a manufacturer and provider of tools (power and hand tools) and related accessories, electronic security solutions, healthcare solutions, engineered fastening systems, and many more items and services. The company also sells household hardware and security products.