Eagle Ridge Investment Management Grows Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Eagle Ridge Investment Management raised its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,604 shares of the industrial products company’s stock after buying an additional 298 shares during the period. Eagle Ridge Investment Management’s holdings in Stanley Black & Decker were worth $370,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SWK. Choreo LLC increased its stake in shares of Stanley Black & Decker by 42.5% during the fourth quarter. Choreo LLC now owns 9,157 shares of the industrial products company’s stock worth $731,000 after purchasing an additional 2,730 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Stanley Black & Decker by 30.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,072 shares of the industrial products company’s stock worth $1,859,000 after purchasing an additional 5,372 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Stanley Black & Decker by 18.1% during the fourth quarter. Stratos Wealth Partners LTD. now owns 6,040 shares of the industrial products company’s stock worth $485,000 after purchasing an additional 926 shares in the last quarter. Old North State Wealth Management LLC purchased a new stake in shares of Stanley Black & Decker during the fourth quarter worth about $2,883,000. Finally, Mather Group LLC. increased its stake in shares of Stanley Black & Decker by 11.1% during the fourth quarter. Mather Group LLC. now owns 1,506 shares of the industrial products company’s stock worth $121,000 after purchasing an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Up 0.4 %

NYSE:SWK opened at $86.00 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average is $84.04 and its two-hundred day moving average is $93.52. 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 Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. As a group, equities analysts anticipate that Stanley Black & Decker, Inc. will post 4.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on SWK. Barclays cut 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. Robert W. Baird lowered their price target on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Wells Fargo & Company lowered their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group boosted their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Stanley Black & Decker has a consensus rating of “Hold” and an average price target of $103.11.

Stanley Black & Decker 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.