Old North State Wealth Management LLC Takes $2.88 Million Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Old North State Wealth Management LLC acquired a new stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 35,798 shares of the industrial products company's stock, valued at approximately $2,883,000. Stanley Black & Decker comprises approximately 1.6% of Old North State Wealth Management LLC's investment portfolio, making the stock its 20th biggest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Rise Advisors LLC grew its stake in Stanley Black & Decker by 99.3% in the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 133 shares during the period. Ridgewood Investments LLC acquired a new position in shares of Stanley Black & Decker during the fourth quarter worth about $36,000. Crews Bank & Trust acquired a new position in shares of Stanley Black & Decker during the fourth quarter worth about $49,000. R Squared Ltd acquired a new position in shares of Stanley Black & Decker during the fourth quarter worth about $54,000. Finally, Waldron Private Wealth LLC acquired a new position in shares of Stanley Black & Decker during the third quarter worth about $59,000. Institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Stock Performance

Shares of SWK traded up $0.65 during trading hours on Friday, hitting $86.56. The company had a trading volume of 3,727,305 shares, compared to its average volume of 1,974,818. The firm has a market cap of $13.34 billion, a price-to-earnings ratio of 44.62, a PEG ratio of 1.87 and a beta of 1.24. The business has a fifty day moving average of $83.91 and a 200-day moving average of $93.46. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88. The company has a quick ratio of 0.42, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. Equities analysts anticipate that Stanley Black & Decker, Inc. will post 5.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SWK. Wells Fargo & Company reduced their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. Morgan Stanley decreased their price target on Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 30th. Barclays cut 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 note on Wednesday, January 8th. UBS Group cut their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a research note on Friday. Finally, Robert W. Baird cut their price target on shares of Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Stanley Black & Decker has a consensus 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.