Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Sky Investment Group LLC

Sky Investment Group LLC cut its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 21.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,491 shares of the industrial products company’s stock after selling 4,723 shares during the period. Sky Investment Group LLC’s holdings in Stanley Black & Decker were worth $1,404,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Rise Advisors LLC boosted its stake in shares of Stanley Black & Decker by 99.3% in the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after buying an additional 133 shares during the period. Ridgewood Investments LLC acquired a new stake in Stanley Black & Decker in the fourth quarter valued at $36,000. EverSource Wealth Advisors LLC increased its holdings in shares of Stanley Black & Decker by 81.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 237 shares during the last quarter. Waldron Private Wealth LLC purchased a new position in Stanley Black & Decker in the third quarter valued at approximately $59,000. Finally, Armstrong Advisory Group Inc. acquired a new position in shares of Stanley Black & Decker in the 3rd quarter valued at $72,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SWK shares. The Goldman Sachs Group increased their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Barclays lowered 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. StockNews.com downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Mizuho upgraded 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. Finally, Wells Fargo & Company decreased their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $101.25.

Stanley Black & Decker Trading Up 0.4 %

Shares of SWK stock opened at $84.34 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42. Stanley Black & Decker, Inc. has a twelve month low of $77.70 and a twelve month high of $110.88. The firm has a 50-day moving average price of $84.14 and a 200 day moving average price of $93.36.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same period last year, the business posted $1.05 EPS. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, equities research analysts expect that Stanley Black & Decker, Inc. will post 4.15 earnings per share for the current fiscal year.

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.