Patriot Financial Group Insurance Agency LLC Has $313,000 Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Patriot Financial Group Insurance Agency LLC lowered its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,895 shares of the industrial products company’s stock after selling 163 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Stanley Black & Decker were worth $313,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SWK. State Street Corp increased its position in shares of Stanley Black & Decker by 6.5% in the third 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 last quarter. Geode Capital Management LLC grew its stake in Stanley Black & Decker by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company’s stock valued at $392,882,000 after purchasing an additional 35,100 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Stanley Black & Decker by 8.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock worth $326,960,000 after purchasing an additional 235,106 shares in the last quarter. Clean Energy Transition LLP boosted its holdings in shares of Stanley Black & Decker by 49.0% in the 3rd quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock valued at $218,518,000 after buying an additional 652,780 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in shares of Stanley Black & Decker by 7.3% in 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 in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Barclays dropped their price target 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. Mizuho upgraded shares of 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. Wells Fargo & Company lowered their price target on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. The Goldman Sachs Group raised their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Finally, StockNews.com cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Stanley Black & Decker has a consensus rating of “Hold” and a consensus target price of $101.25.

Stanley Black & Decker Stock Performance

SWK opened at $88.53 on Thursday. 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 company has a market capitalization of $13.65 billion, a PE ratio of -64.62, a price-to-earnings-growth ratio of 1.85 and a beta of 1.24. The business has a fifty day simple moving average of $84.25 and a 200 day simple moving average of $93.60. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the previous year, the business posted $1.05 earnings per share. Stanley Black & Decker’s quarterly revenue was down 5.1% on a year-over-year basis. Research analysts expect that Stanley Black & Decker, Inc. will post 4.14 EPS for the current year.

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.