Clarity Financial LLC Has $220,000 Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Clarity Financial LLC cut its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 98.0% during the 4th quarter, HoldingsChannel reports. The fund owned 2,744 shares of the industrial products company’s stock after selling 132,307 shares during the quarter. Clarity Financial LLC’s holdings in Stanley Black & Decker were worth $220,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in SWK. Public Sector Pension Investment Board grew its holdings in shares of Stanley Black & Decker by 68.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 5,882 shares of the industrial products company’s stock worth $470,000 after purchasing an additional 2,391 shares in the last quarter. Marshall Wace LLP acquired a new position in Stanley Black & Decker in the 2nd quarter worth about $1,020,000. Creative Planning raised its holdings in Stanley Black & Decker by 12.7% in the 2nd quarter. Creative Planning now owns 25,258 shares of the industrial products company’s stock valued at $2,018,000 after buying an additional 2,837 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Stanley Black & Decker during the second quarter worth $762,000. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of Stanley Black & Decker by 27.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 660 shares of the industrial products company’s stock valued at $73,000 after buying an additional 141 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Price Performance

SWK opened at $89.89 on Friday. The company’s 50-day moving average price is $84.31 and its two-hundred day moving average price is $93.56. Stanley Black & Decker, Inc. has a twelve month low of $77.70 and a twelve month high of $110.88. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The firm had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same quarter last year, the business earned $1.05 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. As a group, equities analysts predict that Stanley Black & Decker, Inc. will post 4.14 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on SWK. The Goldman Sachs Group increased their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a research note on Thursday, December 19th. Morgan Stanley reduced their price target on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Wells Fargo & Company cut 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 note on Tuesday, January 7th. Finally, 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 note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Stanley Black & Decker currently has an average rating of “Hold” and a consensus price target of $101.25.

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.