Kestra Private Wealth Services LLC Has $500,000 Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Kestra Private Wealth Services LLC lifted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWKFree Report) by 50.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,986 shares of the industrial products company’s stock after purchasing an additional 2,015 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Stanley Black & Decker were worth $500,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SWK. Panagora Asset Management Inc. lifted its position in shares of Stanley Black & Decker by 3.5% in the first quarter. Panagora Asset Management Inc. now owns 2,838 shares of the industrial products company’s stock worth $397,000 after purchasing an additional 96 shares in the last quarter. Kinneret Advisory LLC increased its stake in Stanley Black & Decker by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 4,361 shares of the industrial products company’s stock valued at $610,000 after buying an additional 98 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Stanley Black & Decker by 15.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 765 shares of the industrial products company’s stock worth $106,000 after buying an additional 102 shares in the last quarter. SeaBridge Investment Advisors LLC boosted its stake in shares of Stanley Black & Decker by 0.7% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 14,976 shares of the industrial products company’s stock worth $1,403,000 after buying an additional 103 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators grew its holdings in shares of Stanley Black & Decker by 21.7% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 611 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 109 shares in the last quarter. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Stanley Black & Decker

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on SWK. Citigroup raised Stanley Black & Decker from a “neutral” rating to a “buy” rating and increased their price target for the company from $110.00 to $118.00 in a research report on Friday, October 27th. JPMorgan Chase & Co. cut their price objective on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a report on Tuesday. Barclays lowered their target price on shares of Stanley Black & Decker from $120.00 to $105.00 and set an “overweight” rating on the stock in a report on Monday, October 30th. Wells Fargo & Company decreased their price objective on shares of 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. Finally, StockNews.com raised shares of Stanley Black & Decker from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $97.60.

Read Our Latest Stock Analysis on SWK

Stanley Black & Decker Stock Performance

NYSE SWK opened at $89.69 on Thursday. Stanley Black & Decker, Inc. has a 52-week low of $73.12 and a 52-week high of $104.21. The stock has a market cap of $13.75 billion, a PE ratio of -43.12, a P/E/G ratio of 1.70 and a beta of 1.35. The firm has a 50-day moving average of $95.11 and a 200-day moving average of $90.77. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 1.19.

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, topping the consensus estimate 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 period last year, the business posted ($0.10) earnings per share. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 4.23 EPS for the current year.

About Stanley Black & Decker

(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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