20,877 Shares in Stanley Black & Decker, Inc. (NYSE:SWK) Purchased by Stoneridge Investment Partners LLC

Stoneridge Investment Partners 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 Form 13F filing with the SEC. The fund acquired 20,877 shares of the industrial products company's stock, valued at approximately $1,676,000.

Several other institutional investors have also made changes to their positions in SWK. Harbor Capital Advisors Inc. acquired a new position in shares of Stanley Black & Decker in the 4th quarter valued at approximately $1,386,000. Avanza Fonder AB bought a new stake in Stanley Black & Decker during the 4th quarter worth $1,287,000. State Street Corp raised its position in Stanley Black & Decker by 6.5% in the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company's stock valued at $998,107,000 after purchasing an additional 549,531 shares during the last quarter. FMR LLC grew its holdings in Stanley Black & Decker by 40.8% during the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company's stock worth $101,663,000 after acquiring an additional 267,723 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Stanley Black & Decker by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company's stock valued at $392,882,000 after purchasing an additional 35,100 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Down 2.2 %

Stanley Black & Decker stock traded down $1.96 during midday trading on Wednesday, reaching $85.33. The stock had a trading volume of 1,682,183 shares, compared to its average volume of 1,962,528. The company has a fifty day moving average price of $83.83 and a two-hundred day moving average price of $93.47. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88. The company has a current ratio of 1.30, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $13.15 billion, a P/E ratio of 43.98, a PEG ratio of 1.87 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping 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, equities analysts expect that Stanley Black & Decker, Inc. will post 5.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SWK shares. Mizuho upgraded Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 price objective for the company in a research report on Thursday, December 19th. Citigroup lowered their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Robert W. Baird decreased their price objective 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. Morgan Stanley dropped their target price 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. Finally, Barclays decreased their price target on Stanley Black & Decker from $100.00 to $94.00 and set an "equal weight" rating for the company in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Stanley Black & Decker currently 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.