Oppenheimer Asset Management Inc. Acquires New Shares in Stanley Black & Decker, Inc. $SWK

Oppenheimer Asset Management Inc. bought a new position in Stanley Black & Decker, Inc. (NYSE:SWK) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 43,412 shares of the industrial products company’s stock, valued at approximately $2,941,000.

Several other institutional investors have also made changes to their positions in SWK. GAMMA Investing LLC increased its holdings in Stanley Black & Decker by 40.5% in the first quarter. GAMMA Investing LLC now owns 4,521 shares of the industrial products company’s stock worth $348,000 after buying an additional 1,304 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Stanley Black & Decker by 18.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,435 shares of the industrial products company’s stock worth $1,494,000 after purchasing an additional 3,009 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Stanley Black & Decker by 1,138.5% during the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 296 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Stanley Black & Decker by 17.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,200 shares of the industrial products company’s stock valued at $2,079,000 after purchasing an additional 4,128 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Stanley Black & Decker by 1.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 394,590 shares of the industrial products company’s stock worth $30,336,000 after purchasing an additional 7,102 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on SWK shares. Wells Fargo & Company raised their target price on Stanley Black & Decker from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. Wall Street Zen downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, October 8th. The Goldman Sachs Group reissued a “neutral” rating and issued a $80.00 price target on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Finally, Morgan Stanley restated a “positive” rating and issued a $80.00 price objective on shares of Stanley Black & Decker in a research note on Tuesday, October 14th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Stanley Black & Decker presently has a consensus rating of “Hold” and a consensus target price of $88.10.

Stanley Black & Decker Price Performance

Shares of Stanley Black & Decker stock opened at $71.93 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34. The company has a market cap of $11.13 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 1.51 and a beta of 1.19. The firm has a fifty day moving average price of $73.61 and a two-hundred day moving average price of $69.34. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $96.75.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Thursday, June 30th. The industrial products company reported $2.85 EPS for the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The business had revenue of $3.72 billion during the quarter. Analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

About Stanley Black & Decker

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.