Fruth Investment Management Has $373,000 Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Fruth Investment Management lowered its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 16.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,650 shares of the industrial products company’s stock after selling 890 shares during the period. Fruth Investment Management’s holdings in Stanley Black & Decker were worth $373,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Stanley Black & Decker in the 4th quarter valued at $1,386,000. Avanza Fonder AB bought a new stake in shares of Stanley Black & Decker during the 4th quarter worth about $1,287,000. State Street Corp increased its holdings in shares of 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 during the last quarter. FMR LLC lifted its holdings in 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 purchasing an additional 267,723 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Stanley Black & Decker by 1.0% during 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 during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK opened at $85.57 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. The business’s fifty day moving average price is $84.13 and its two-hundred day moving average price is $93.58. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. Sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 4.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SWK. Robert W. Baird decreased their price objective 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. Barclays lowered 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 note on Wednesday, January 8th. Morgan Stanley cut their price objective 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. StockNews.com downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.