Stoneridge Investment Partners LLC Invests $1.68 Million in Stanley Black & Decker, Inc. (NYSE:SWK)

Stoneridge Investment Partners LLC purchased a new position in Stanley Black & Decker, Inc. (NYSE:SWK) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,877 shares of the industrial products company’s stock, valued at approximately $1,676,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rise Advisors LLC lifted its holdings in shares of Stanley Black & Decker by 99.3% in the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after buying an additional 133 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in Stanley Black & Decker in the fourth quarter valued at approximately $36,000. Waldron Private Wealth LLC purchased a new stake in Stanley Black & Decker in the third quarter valued at approximately $59,000. Crews Bank & Trust purchased a new stake in Stanley Black & Decker in the fourth quarter valued at approximately $49,000. Finally, Armstrong Advisory Group Inc. purchased a new stake in Stanley Black & Decker in the third quarter valued at approximately $72,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SWK shares. Morgan Stanley lowered their target price 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. Mizuho raised shares of 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. Robert W. Baird decreased 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 note on Wednesday, October 30th. StockNews.com downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company decreased 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 note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $103.00.

Stanley Black & Decker Stock Up 0.8 %

Shares of Stanley Black & Decker stock opened at $86.56 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.30. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The stock has a market capitalization of $13.34 billion, a price-to-earnings ratio of 44.62, a P/E/G ratio of 1.87 and a beta of 1.24. The company’s 50 day moving average price is $83.91 and its 200-day moving average price is $93.46.

Stanley Black & Decker (NYSE:SWK) last released its quarterly 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 net margin of 1.92% and a return on equity of 7.50%. Equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.09 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.