Avidian Wealth Enterprises LLC Buys 357 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Avidian Wealth Enterprises LLC lifted its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 14.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,795 shares of the industrial products company’s stock after acquiring an additional 357 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Stanley Black & Decker were worth $224,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Ridgewood Investments LLC acquired a new stake in Stanley Black & Decker in the fourth quarter worth $36,000. Crews Bank & Trust acquired a new stake in Stanley Black & Decker during the 4th quarter worth $49,000. R Squared Ltd bought a new position in Stanley Black & Decker during the fourth quarter worth about $54,000. Waldron Private Wealth LLC acquired a new position in Stanley Black & Decker in the third quarter valued at about $59,000. Finally, Sunbelt Securities Inc. increased its holdings in shares of Stanley Black & Decker by 363.8% in the third quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 513 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SWK shares. Morgan Stanley decreased their price objective on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Thursday, December 19th. Barclays dropped their price target on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Citigroup reduced their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, StockNews.com lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $103.00.

Stanley Black & Decker Stock Up 0.4 %

SWK stock opened at $87.18 on Friday. Stanley Black & Decker, Inc. has a twelve month low of $77.70 and a twelve month high of $110.88. The company has a market cap of $13.44 billion, a price-to-earnings ratio of 44.94, a P/E/G ratio of 1.87 and a beta of 1.24. The company has a quick ratio of 0.42, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The business has a 50 day moving average price of $83.85 and a two-hundred day moving average price of $93.37.

Stanley Black & Decker (NYSE:SWK) 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 net margin of 1.92% and a return on equity of 7.50%. Analysts anticipate that Stanley Black & Decker, Inc. will post 5.09 EPS for the current fiscal year.

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.