IMS Capital Management Invests $316,000 in Stanley Black & Decker, Inc. (NYSE:SWK)

IMS Capital Management purchased a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,934 shares of the industrial products company’s stock, valued at approximately $316,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SWK. Ridgewood Investments LLC acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at about $36,000. Crews Bank & Trust acquired a new stake in Stanley Black & Decker in the 4th quarter worth about $49,000. R Squared Ltd purchased a new stake in Stanley Black & Decker during the 4th quarter worth approximately $54,000. Waldron Private Wealth LLC acquired a new position in shares of Stanley Black & Decker during the third quarter valued at approximately $59,000. Finally, Sunbelt Securities Inc. lifted its position in shares of Stanley Black & Decker by 363.8% in the third quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 513 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Up 1.8 %

Shares of NYSE SWK opened at $86.84 on Friday. The company has a market capitalization of $13.39 billion, a P/E ratio of 44.76, a P/E/G ratio of 1.87 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.42. The company has a 50 day simple moving average of $83.81 and a 200-day simple moving average of $93.41. 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 (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. On average, equities research analysts predict that Stanley Black & Decker, Inc. will post 5.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wells Fargo & Company dropped their price target on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. UBS Group decreased their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Robert W. Baird dropped their price objective 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. Finally, Morgan Stanley decreased 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. 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $103.00.

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.