Avidian Wealth Enterprises LLC Has $224,000 Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Avidian Wealth Enterprises LLC raised its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 14.6% in the 4th quarter, HoldingsChannel reports. The firm owned 2,795 shares of the industrial products company’s stock after buying an additional 357 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Stanley Black & Decker were worth $224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Clean Energy Transition LLP lifted its stake in shares of Stanley Black & Decker by 49.0% during the 3rd quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock worth $218,518,000 after buying an additional 652,780 shares during the last quarter. State Street Corp raised its holdings in Stanley Black & Decker by 6.5% in the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after acquiring an additional 549,531 shares during the period. International Assets Investment Management LLC lifted its position in Stanley Black & Decker by 14,394.0% during the third quarter. International Assets Investment Management LLC now owns 393,657 shares of the industrial products company’s stock worth $43,353,000 after acquiring an additional 390,941 shares during the last quarter. FMR LLC boosted its holdings in shares of Stanley Black & Decker by 40.8% during the third quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock worth $101,663,000 after acquiring an additional 267,723 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Stanley Black & Decker by 8.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock valued at $326,960,000 after purchasing an additional 235,106 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Trading Up 0.4 %

Shares of SWK opened at $87.18 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.30. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The firm has a market cap of $13.44 billion, a price-to-earnings ratio of 44.94, a PEG ratio of 1.87 and a beta of 1.24. The business’s fifty day moving average is $83.85 and its 200-day moving average is $93.37.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Robert W. Baird reduced their price target on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Barclays reduced 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 research report on Wednesday, January 8th. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Thursday, December 19th. Morgan Stanley decreased their target price on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. Finally, UBS Group dropped their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $103.00.

About Stanley Black & Decker

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.