Stanley Black & Decker, Inc. (NYSE:SWK) Position Trimmed by Webster Bank N. A.

Webster Bank N. A. trimmed its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 10.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,974 shares of the industrial products company’s stock after selling 230 shares during the period. Webster Bank N. A.’s holdings in Stanley Black & Decker were worth $158,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SWK. Clean Energy Transition LLP boosted its holdings in Stanley Black & Decker by 49.0% during the third quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock worth $218,518,000 after buying an additional 652,780 shares in the last quarter. State Street Corp boosted its holdings in Stanley Black & Decker by 6.5% during the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock worth $998,107,000 after buying an additional 549,531 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Stanley Black & Decker by 14,394.0% in the 3rd quarter. International Assets Investment Management LLC now owns 393,657 shares of the industrial products company’s stock worth $43,353,000 after purchasing an additional 390,941 shares during the period. FMR LLC boosted its stake in Stanley Black & Decker by 40.8% in the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock worth $101,663,000 after purchasing an additional 267,723 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in Stanley Black & Decker by 8.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock worth $326,960,000 after purchasing an additional 235,106 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SWK has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Morgan Stanley decreased their price objective on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. Barclays decreased their target price on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Finally, Robert W. Baird decreased their target price on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $101.25.

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock opened at $90.32 on Tuesday. The firm’s fifty day simple moving average is $84.12 and its 200-day simple moving average is $93.57. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. 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 announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.05 by $0.17. The firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 EPS. On average, equities research analysts expect that Stanley Black & Decker, Inc. will post 4.14 EPS for the current fiscal year.

Stanley Black & Decker Company Profile

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.