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UBS Releases a Buy Rating on Stanley Black & Decker (SWK)

Tipranks - Tipranks - Sat Sep 12, 7:22AM CDT

UBS analyst assigned a Buy rating to Stanley Black & Decker today and set a price target of $105.00.

Stanley Black & Decker has an analyst consensus of Moderate Buy, with a price target consensus of $99.20.

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Based on Stanley Black & Decker’s latest earnings release for the quarter ending July 4, the company reported a quarterly revenue of $3.96 billion and a net profit of $351.3 million. In comparison, last year the company earned a revenue of $3.95 billion and had a net profit of $101.9 million

Based on the recent corporate insider activity of 59 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, Scot Greulach, the CAO of SWK sold 1,015.00 shares for a total of $105,164.15.

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