Wells Fargo Remains a Hold on Stanley Black & Decker (SWK)

Wells Fargo analyst Sam Reid maintained a Hold rating on Stanley Black & Decker yesterday and set a price target of $95.00. The company’s shares closed yesterday at $89.12.

According to TipRanks, Reid is a 3-star analyst with an average return of 1.6% and a 47.26% success rate. Reid covers the Consumer Cyclical sector, focusing on stocks such as DR Horton, PulteGroup, and KB Home.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Stanley Black & Decker with a $99.20 average price target.

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 52 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.