Stanley Black & Decker (SWK) Has a New Rating from Wells Fargo

Wells Fargo analyst Zachary Fadem initiated coverage with a Hold rating on Stanley Black & Decker today and set a price target of $75.00.

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According to TipRanks, Fadem is a 5-star analyst with an average return of 8.6% and a 59.12% success rate. Fadem covers the Consumer Cyclical sector, focusing on stocks such as Starbucks, Domino’s Pizza, and Home Depot.

In addition to Wells Fargo, Stanley Black & Decker also received a Hold from TR | OpenAI – 4o’s Colten Smithrax in a report issued on December 9. However, on December 4, Jefferies maintained a Buy rating on Stanley Black & Decker (NYSE: SWK).

Based on Stanley Black & Decker’s latest earnings release for the quarter ending September 27, the company reported a quarterly revenue of $3.76 billion and a net profit of $51.4 million. In comparison, last year the company earned a revenue of $3.75 billion and had a net profit of $91.1 million

Based on the recent corporate insider activity of 54 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. Last month, Janet Link, the SVP, GC & Sec’y of SWK sold 11,766.00 shares for a total of $812,677.62.