Sumitomo Mitsui DS Asset Management Company Ltd Purchases 149 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.7% during the fourth quarter, HoldingsChannel reports. The firm owned 21,892 shares of the industrial products company’s stock after purchasing an additional 149 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Stanley Black & Decker were worth $1,758,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SWK. Castleview Partners LLC increased its holdings in Stanley Black & Decker by 3.9% during the third quarter. Castleview Partners LLC now owns 2,772 shares of the industrial products company’s stock valued at $305,000 after buying an additional 103 shares during the period. Empirical Finance LLC increased its holdings in shares of Stanley Black & Decker by 2.1% in the 3rd quarter. Empirical Finance LLC now owns 5,276 shares of the industrial products company’s stock valued at $581,000 after acquiring an additional 111 shares during the period. Advisors Management Group Inc. ADV raised its position in shares of Stanley Black & Decker by 3.2% in the 3rd quarter. Advisors Management Group Inc. ADV now owns 3,820 shares of the industrial products company’s stock worth $421,000 after acquiring an additional 117 shares in the last quarter. MML Investors Services LLC lifted its stake in shares of Stanley Black & Decker by 0.8% during the 3rd quarter. MML Investors Services LLC now owns 15,798 shares of the industrial products company’s stock worth $1,740,000 after purchasing an additional 127 shares during the last quarter. Finally, Assetmark Inc. boosted its position in Stanley Black & Decker by 1.4% during the third quarter. Assetmark Inc. now owns 9,438 shares of the industrial products company’s stock valued at $1,039,000 after purchasing an additional 130 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $85.81 on Tuesday. The stock has a 50-day moving average of $83.91 and a two-hundred day moving average of $93.55. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.30. The stock has a market cap of $13.23 billion, a P/E ratio of 44.23, a P/E/G ratio of 1.87 and a beta of 1.24. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. As a group, research analysts predict that Stanley Black & Decker, Inc. will post 5.09 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on SWK shares. Barclays decreased their price target on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Mizuho raised 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 report on Thursday, December 19th. Morgan Stanley cut their price target on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. UBS Group decreased their price objective on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a report on Friday. Finally, Robert W. Baird reduced their target price on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. One equities research 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, Stanley Black & Decker has an average rating of “Hold” and an average 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.