Wilmington Savings Fund Society FSB Sells 760 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Wilmington Savings Fund Society FSB trimmed its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 13.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,706 shares of the industrial products company’s stock after selling 760 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Stanley Black & Decker were worth $378,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SWK. Apollon Wealth Management LLC boosted its stake in Stanley Black & Decker by 245.5% in the fourth quarter. Apollon Wealth Management LLC now owns 7,559 shares of the industrial products company’s stock valued at $607,000 after acquiring an additional 5,371 shares during the last quarter. Lecap Asset Management Ltd. purchased a new position in Stanley Black & Decker in the fourth quarter valued at approximately $1,068,000. Global X Japan Co. Ltd. grew its holdings in Stanley Black & Decker by 3.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 5,056 shares of the industrial products company’s stock valued at $406,000 after purchasing an additional 172 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Stanley Black & Decker by 0.7% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company’s stock worth $1,758,000 after buying an additional 149 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Stanley Black & Decker by 0.4% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 387,488 shares of the industrial products company’s stock valued at $31,111,000 after buying an additional 1,511 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Price Performance

NYSE:SWK opened at $87.34 on Wednesday. The firm has a market capitalization of $13.46 billion, a price-to-earnings ratio of 45.02, a P/E/G ratio of 1.87 and a beta of 1.24. 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 fifty day moving average of $83.85 and a 200 day moving average of $93.53. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. On average, research analysts expect that Stanley Black & Decker, Inc. will post 5.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SWK has been the topic of a number of research reports. UBS Group lowered their price objective on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Citigroup lowered their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Barclays cut their price objective on shares of 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. Morgan Stanley lowered 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, Robert W. Baird cut their price target on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus target price of $103.00.

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 Storage segment, and Industrial segment.