Sky Investment Group LLC Sells 4,723 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Sky Investment Group LLC reduced its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 21.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,491 shares of the industrial products company’s stock after selling 4,723 shares during the period. Sky Investment Group LLC’s holdings in Stanley Black & Decker were worth $1,404,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rise Advisors LLC boosted its stake in Stanley Black & Decker by 99.3% in the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 133 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in shares of Stanley Black & Decker in the 4th quarter worth $36,000. EverSource Wealth Advisors LLC grew its stake in Stanley Black & Decker by 81.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock worth $42,000 after buying an additional 237 shares during the last quarter. Waldron Private Wealth LLC acquired a new position in Stanley Black & Decker during the 3rd quarter valued at about $59,000. Finally, Armstrong Advisory Group Inc. purchased a new stake in Stanley Black & Decker in the third quarter valued at about $72,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SWK shares. Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target on the stock in a research note on Thursday, December 19th. Morgan Stanley cut their price target on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Barclays dropped their price objective on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. The Goldman Sachs Group raised their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, Robert W. Baird dropped their price target on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and an average price target of $101.25.

Stanley Black & Decker Stock Up 0.4 %

SWK stock opened at $84.34 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. The business has a 50 day simple moving average of $84.14 and a 200-day simple moving average of $93.36. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.17. The company had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. Stanley Black & Decker’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.05 earnings per share. Sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 4.15 EPS for the current year.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Storage segment, and Industrial segment.