Quantbot Technologies LP Makes New $538,000 Investment in Stanley Black & Decker, Inc. (NYSE:SWK)

Quantbot Technologies LP bought a new stake in Stanley Black & Decker, Inc. (NYSE:SWKFree Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,435 shares of the industrial products company’s stock, valued at approximately $538,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC acquired a new stake in Stanley Black & Decker in the 3rd quarter valued at $33,000. Achmea Investment Management B.V. bought a new stake in Stanley Black & Decker in the first quarter valued at $36,000. ICA Group Wealth Management LLC bought a new stake in Stanley Black & Decker in the fourth quarter valued at $37,000. Castleview Partners LLC boosted its stake in Stanley Black & Decker by 343.4% in the first quarter. Castleview Partners LLC now owns 501 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 388 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Stanley Black & Decker by 80.5% in the third quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 231 shares in the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

Stanley Black & Decker Trading Up 1.2 %

NYSE:SWK opened at $89.35 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.67. Stanley Black & Decker, Inc. has a 12 month low of $73.12 and a 12 month high of $104.21. The company has a 50 day simple moving average of $95.15 and a two-hundred day simple moving average of $90.77.

Stanley Black & Decker (NYSE:SWKGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.19. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter in the previous year, the firm posted ($0.10) EPS. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. Sell-side analysts expect that Stanley Black & Decker, Inc. will post 4.23 earnings per share for the current fiscal year.

Insider Activity at Stanley Black & Decker

In related news, SVP Graham Robinson sold 2,000 shares of Stanley Black & Decker stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $91.83, for a total transaction of $183,660.00. Following the transaction, the senior vice president now owns 26,435 shares in the company, valued at approximately $2,427,526.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SWK shares. Barclays cut their target price on Stanley Black & Decker from $120.00 to $105.00 and set an “overweight” rating on the stock in a research note on Monday, October 30th. Wells Fargo & Company cut their price objective on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, February 2nd. Citigroup raised Stanley Black & Decker from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $110.00 to $118.00 in a report on Friday, October 27th. StockNews.com raised Stanley Black & Decker from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, JPMorgan Chase & Co. reduced their price objective on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Stanley Black & Decker has an average rating of “Hold” and a consensus price target of $97.60.

View Our Latest Analysis on Stanley Black & Decker

Stanley Black & Decker Profile

(Free Report)

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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