Kestra Private Wealth Services LLC Acquires 5,133 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Kestra Private Wealth Services LLC grew its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 154.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,459 shares of the industrial products company’s stock after acquiring an additional 5,133 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Stanley Black & Decker were worth $679,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Ridgewood Investments LLC acquired a new stake in Stanley Black & Decker during the 4th quarter worth approximately $36,000. Crews Bank & Trust acquired a new stake in shares of Stanley Black & Decker during the fourth quarter worth $49,000. R Squared Ltd bought a new stake in Stanley Black & Decker in the 4th quarter valued at $54,000. Waldron Private Wealth LLC acquired a new position in Stanley Black & Decker in the 3rd quarter worth $59,000. Finally, Sunbelt Securities Inc. increased its holdings in Stanley Black & Decker by 363.8% during the 3rd quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 513 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Trading Up 0.4 %

Shares of NYSE:SWK opened at $87.18 on Friday. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.30. The company has a market capitalization of $13.44 billion, a P/E ratio of 44.94, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24. The company has a 50-day simple moving average of $83.85 and a 200 day simple moving average of $93.37.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. UBS Group cut their price target on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Morgan Stanley reduced their price target on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective on the stock in a report on Thursday, December 19th. Robert W. Baird reduced 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 report on Wednesday, October 30th. Finally, 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 note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Stanley Black & Decker has a consensus rating of “Hold” and a consensus target price 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.