Essex Financial Services Inc. Has $2 Million Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Essex Financial Services Inc. lifted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 10.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,900 shares of the industrial products company’s stock after purchasing an additional 2,373 shares during the period. Essex Financial Services Inc.’s holdings in Stanley Black & Decker were worth $1,999,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Principle Wealth Partners LLC lifted its holdings in shares of Stanley Black & Decker by 16.6% during the fourth quarter. Principle Wealth Partners LLC now owns 7,514 shares of the industrial products company’s stock worth $603,000 after buying an additional 1,072 shares during the last quarter. Regents Gate Capital LLP bought a new position in Stanley Black & Decker during the fourth quarter worth $4,421,000. Kestra Private Wealth Services LLC raised its stake in Stanley Black & Decker by 154.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 8,459 shares of the industrial products company’s stock valued at $679,000 after purchasing an additional 5,133 shares during the last quarter. Stephens Inc. AR boosted its holdings in Stanley Black & Decker by 14.8% in the 4th quarter. Stephens Inc. AR now owns 9,825 shares of the industrial products company’s stock valued at $789,000 after purchasing an additional 1,269 shares during the period. Finally, Stoneridge Investment Partners LLC bought a new position in shares of Stanley Black & Decker during the 4th quarter worth about $1,676,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Up 1.8 %

SWK opened at $87.34 on Wednesday. Stanley Black & Decker, Inc. has a twelve month low of $77.70 and a twelve month high of $110.88. The firm has a market cap of $13.46 billion, a price-to-earnings ratio of 45.02, a PEG ratio of 1.87 and a beta of 1.24. The firm’s 50-day simple moving average is $83.85 and its 200-day simple moving average is $93.53. 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 (NYSE:SWK) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping 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 anticipate that Stanley Black & Decker, Inc. will post 5.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SWK. Morgan Stanley reduced their target price 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 price objective on 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. Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a research note on Thursday, December 19th. Citigroup decreased their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Wells Fargo & Company dropped their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. One equities research 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 data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $103.00.

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.