Meeder Asset Management Inc. purchased a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,498 shares of the industrial products company’s stock, valued at approximately $1,103,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in SWK. BB&T Investment Services Inc. bought a new position in Stanley Black & Decker during the second quarter worth $102,000. SeaCrest Wealth Management LLC bought a new position in Stanley Black & Decker during the fourth quarter worth $123,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Stanley Black & Decker by 22.9% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,806 shares of the industrial products company’s stock worth $131,000 after acquiring an additional 709 shares in the last quarter. Bank of Nova Scotia Trust Co. acquired a new position in Stanley Black & Decker during the third quarter worth $141,000. Finally, Rowland & Co. Investment Counsel ADV acquired a new position in Stanley Black & Decker during the fourth quarter worth $145,000. Hedge funds and other institutional investors own 84.01% of the company’s stock.
Several analysts have recently commented on SWK shares. B. Riley reiterated a “buy” rating on shares of Stanley Black & Decker in a report on Wednesday, November 1st. Barclays started coverage on shares of Stanley Black & Decker in a report on Thursday. They issued an “overweight” rating for the company. JPMorgan Chase & Co. restated a “buy” rating and set a $190.00 price objective on shares of Stanley Black & Decker in a report on Thursday, January 25th. Gabelli restated a “hold” rating on shares of Stanley Black & Decker in a report on Monday, January 29th. Finally, UBS Group started coverage on shares of Stanley Black & Decker in a report on Tuesday, January 23rd. They set a “buy” rating and a $200.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $177.75.
Shares of Stanley Black & Decker, Inc. (NYSE SWK) opened at $159.27 on Thursday. The stock has a market cap of $24,086.95, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 1.83 and a beta of 0.97. Stanley Black & Decker, Inc. has a 1 year low of $125.33 and a 1 year high of $176.62. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 1.05.
Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $2.18 EPS for the quarter, topping the consensus estimate of $2.14 by $0.04. Stanley Black & Decker had a net margin of 9.62% and a return on equity of 15.48%. The firm had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same period last year, the firm posted $1.71 earnings per share. The business’s revenue was up 16.9% compared to the same quarter last year. equities research analysts anticipate that Stanley Black & Decker, Inc. will post 8.43 EPS for the current year.
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About Stanley Black & Decker
Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.
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