Benedict Financial Advisors Inc. Reduces Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Benedict Financial Advisors Inc. trimmed its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 4.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,959 shares of the industrial products company’s stock after selling 303 shares during the quarter. Benedict Financial Advisors Inc.’s holdings in Stanley Black & Decker were worth $478,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Rise Advisors LLC boosted its holdings in shares of Stanley Black & Decker by 99.3% in the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 133 shares during the period. Ridgewood Investments LLC bought a new stake in shares of Stanley Black & Decker during the fourth quarter valued at about $36,000. Crews Bank & Trust bought a new position in shares of Stanley Black & Decker in the fourth quarter valued at approximately $49,000. R Squared Ltd bought a new stake in Stanley Black & Decker during the 4th quarter worth approximately $54,000. Finally, Waldron Private Wealth LLC purchased a new stake in Stanley Black & Decker in the 3rd quarter worth approximately $59,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Up 0.8 %

SWK opened at $86.56 on Friday. The company has a market cap of $13.34 billion, a P/E ratio of 44.62, a P/E/G ratio of 1.87 and a beta of 1.24. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88. The business’s 50-day moving average price is $83.91 and its 200-day moving average price is $93.46. The company has a current ratio of 1.30, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. On average, equities analysts expect that Stanley Black & Decker, Inc. will post 5.09 EPS for the current year.

Analyst Ratings Changes

SWK has been the topic of several research analyst reports. UBS Group decreased their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a report on Friday. Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Thursday, December 19th. Barclays lowered their target price 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. Citigroup decreased their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Robert W. Baird cut 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 research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $103.00.

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.