Wilmington Savings Fund Society FSB Decreases Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Wilmington Savings Fund Society FSB lowered its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 13.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,706 shares of the industrial products company’s stock after selling 760 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Stanley Black & Decker were worth $378,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Apollon Wealth Management LLC grew its holdings in shares of Stanley Black & Decker by 245.5% during the 4th quarter. Apollon Wealth Management LLC now owns 7,559 shares of the industrial products company’s stock valued at $607,000 after purchasing an additional 5,371 shares during the last quarter. Lecap Asset Management Ltd. bought a new position in shares of Stanley Black & Decker during the fourth quarter valued at about $1,068,000. Global X Japan Co. Ltd. increased its holdings in shares of Stanley Black & Decker by 3.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 5,056 shares of the industrial products company’s stock worth $406,000 after buying an additional 172 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Stanley Black & Decker by 0.7% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company’s stock valued at $1,758,000 after acquiring an additional 149 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in Stanley Black & Decker by 0.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 387,488 shares of the industrial products company’s stock valued at $31,111,000 after purchasing an additional 1,511 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Up 1.8 %

Shares of NYSE:SWK opened at $87.34 on Wednesday. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88. The stock has a market capitalization of $13.46 billion, a price-to-earnings ratio of 45.02, a PEG ratio of 1.87 and a beta of 1.24. The stock has a fifty day simple moving average of $83.85 and a two-hundred day simple moving average of $93.53. The company has a current ratio of 1.30, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SWK shares. Robert W. Baird lowered their price target 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. Barclays dropped their target price on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company lowered their price target on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Citigroup reduced their target price on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, UBS Group cut their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and an average price target 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.