Stanley Black & Decker, Inc. (NYSE:SWK) Shares Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWKGet Rating) by 5.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,655 shares of the industrial products company’s stock after purchasing an additional 988 shares during the quarter. Kestra Advisory Services LLC’s holdings in Stanley Black & Decker were worth $1,478,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SWK. Vanguard Group Inc. boosted its position in Stanley Black & Decker by 17.5% during the 1st quarter. Vanguard Group Inc. now owns 18,623,594 shares of the industrial products company’s stock valued at $2,603,393,000 after purchasing an additional 2,774,661 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Stanley Black & Decker by 741.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,031,238 shares of the industrial products company’s stock valued at $212,996,000 after purchasing an additional 1,789,905 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Stanley Black & Decker by 1,311.7% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,734,113 shares of the industrial products company’s stock valued at $130,423,000 after acquiring an additional 1,611,273 shares in the last quarter. Greenhaven Associates Inc. raised its stake in Stanley Black & Decker by 614.7% during the 2nd quarter. Greenhaven Associates Inc. now owns 1,321,002 shares of the industrial products company’s stock valued at $138,520,000 after acquiring an additional 1,136,179 shares in the last quarter. Finally, Cooke & Bieler LP raised its stake in Stanley Black & Decker by 74.5% during the 2nd quarter. Cooke & Bieler LP now owns 2,235,751 shares of the industrial products company’s stock valued at $234,441,000 after acquiring an additional 954,535 shares in the last quarter. Institutional investors and hedge funds own 88.01% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK opened at $88.47 on Tuesday. Stanley Black & Decker, Inc. has a 52-week low of $70.24 and a 52-week high of $180.93. The company has a quick ratio of 0.32, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $13.09 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 2.28 and a beta of 1.24. The stock’s fifty day simple moving average is $80.32 and its 200 day simple moving average is $86.02.

Stanley Black & Decker (NYSE:SWKGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The industrial products company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. Stanley Black & Decker had a return on equity of 11.77% and a net margin of 8.44%. The business had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter in the previous year, the company posted $2.77 earnings per share. Stanley Black & Decker’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 4.44 earnings per share for the current fiscal year.

Insider Activity

In other Stanley Black & Decker news, CFO Corbin Walburger sold 5,248 shares of the business’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $80.80, for a total value of $424,038.40. Following the transaction, the chief financial officer now owns 17,993 shares in the company, valued at $1,453,834.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.93% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SWK has been the topic of several recent analyst reports. The Goldman Sachs Group cut their target price on Stanley Black & Decker from $94.00 to $83.00 and set a “neutral” rating on the stock in a research note on Friday, October 28th. Credit Suisse Group downgraded Stanley Black & Decker from an “outperform” rating to a “neutral” rating and cut their target price for the company from $125.00 to $79.00 in a research note on Friday, October 14th. Deutsche Bank Aktiengesellschaft dropped their price objective on Stanley Black & Decker from $111.00 to $90.00 and set a “hold” rating on the stock in a research note on Thursday, October 13th. Robert W. Baird downgraded Stanley Black & Decker from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $85.00 to $80.00 in a research note on Friday, October 28th. Finally, Citigroup dropped their price objective on Stanley Black & Decker from $90.00 to $69.00 in a research note on Monday, October 31st. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $93.25.

Stanley Black & Decker Profile

(Get Rating)

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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