Stanley Black & Decker, Inc. $SWK Shares Purchased by Ethic Inc.

Ethic Inc. raised its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 2.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 28,889 shares of the industrial products company’s stock after purchasing an additional 775 shares during the period. Ethic Inc.’s holdings in Stanley Black & Decker were worth $1,954,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SWK. Golden State Wealth Management LLC grew its stake in Stanley Black & Decker by 1,138.5% in the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 296 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of Stanley Black & Decker in the second quarter valued at approximately $25,000. 1248 Management LLC purchased a new position in shares of Stanley Black & Decker during the 1st quarter worth approximately $26,000. TD Private Client Wealth LLC raised its position in shares of Stanley Black & Decker by 830.4% during the 1st quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 382 shares during the last quarter. Finally, Garde Capital Inc. grew its holdings in Stanley Black & Decker by 160.5% during the 2nd quarter. Garde Capital Inc. now owns 521 shares of the industrial products company’s stock valued at $35,000 after buying an additional 321 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

SWK opened at $70.19 on Friday. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $104.35. The company’s 50 day simple moving average is $73.75 and its 200 day simple moving average is $69.16. The stock has a market capitalization of $10.86 billion, a PE ratio of 22.28, a P/E/G ratio of 1.47 and a beta of 1.19. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share for the quarter. The company had revenue of $3.72 billion for the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. As a group, sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on SWK. Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a report on Friday. Wall Street Zen lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Robert W. Baird lifted their price target on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Barclays reduced their price objective on shares of Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $80.00 target price on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $88.10.

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 Outdoor and Industrial segments.