35,798 Shares in Stanley Black & Decker, Inc. (NYSE:SWK) Purchased by Old North State Wealth Management LLC

Old North State Wealth Management LLC acquired a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 35,798 shares of the industrial products company’s stock, valued at approximately $2,883,000. Stanley Black & Decker comprises approximately 1.6% of Old North State Wealth Management LLC’s investment portfolio, making the stock its 20th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Clean Energy Transition LLP boosted its stake in shares of Stanley Black & Decker by 49.0% during the third quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock valued at $218,518,000 after purchasing an additional 652,780 shares in the last quarter. State Street Corp boosted its position in Stanley Black & Decker by 6.5% during 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 in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Stanley Black & Decker by 14,394.0% in the 3rd quarter. International Assets Investment Management LLC now owns 393,657 shares of the industrial products company’s stock valued at $43,353,000 after acquiring an additional 390,941 shares during the period. FMR LLC raised its position in shares of Stanley Black & Decker by 40.8% in the 3rd 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Stanley Black & Decker by 8.6% during 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 in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

SWK has been the subject of several recent analyst reports. Barclays lowered 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. StockNews.com lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Robert W. Baird lowered their price target on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Wells Fargo & Company cut their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a research report on Thursday, December 19th. One 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. According to MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and a consensus price target of $101.25.

Stanley Black & Decker Stock Performance

NYSE SWK opened at $86.83 on Wednesday. The company has a market cap of $13.39 billion, a P/E ratio of -63.38, a P/E/G ratio of 1.90 and a beta of 1.24. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42. The stock has a 50-day moving average of $84.18 and a two-hundred day moving average of $93.58.

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.