Dakota Wealth Management Sells 21,988 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Dakota Wealth Management decreased its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 65.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,439 shares of the industrial products company’s stock after selling 21,988 shares during the quarter. Dakota Wealth Management’s holdings in Stanley Black & Decker were worth $918,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SWK. Nisa Investment Advisors LLC grew its holdings in shares of Stanley Black & Decker by 4.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 39,555 shares of the industrial products company’s stock valued at $3,176,000 after purchasing an additional 1,738 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in shares of Stanley Black & Decker by 7.3% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,594,895 shares of the industrial products company’s stock valued at $128,054,000 after buying an additional 109,100 shares during the last quarter. Gilman Hill Asset Management LLC increased its holdings in shares of Stanley Black & Decker by 28.0% in the fourth quarter. Gilman Hill Asset Management LLC now owns 108,543 shares of the industrial products company’s stock worth $8,715,000 after buying an additional 23,740 shares during the period. Ellsworth Advisors LLC lifted its stake in shares of Stanley Black & Decker by 8.5% in the 4th quarter. Ellsworth Advisors LLC now owns 14,801 shares of the industrial products company’s stock valued at $1,188,000 after acquiring an additional 1,157 shares during the last quarter. Finally, Polianta Ltd purchased a new stake in Stanley Black & Decker during the 4th quarter valued at about $1,196,000. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock opened at $88.21 on Friday. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The stock has a market cap of $13.60 billion, a price-to-earnings ratio of -64.39, a PEG ratio of 1.85 and a beta of 1.24. The stock’s 50 day simple moving average is $84.07 and its two-hundred day simple moving average is $93.36. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SWK shares. Morgan Stanley lowered their price objective on 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 dropped their price target on shares of 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. Barclays decreased their price objective on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird dropped their target price 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. Finally, Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target on the stock in a report on Thursday, December 19th. One equities 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $101.25.

Stanley Black & Decker 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.