Stanley Black & Decker, Inc. (SWK) Position Increased by BKD Wealth Advisors LLC

BKD Wealth Advisors LLC increased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 13.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,269 shares of the industrial products company’s stock after buying an additional 384 shares during the period. BKD Wealth Advisors LLC’s holdings in Stanley Black & Decker were worth $555,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Janus Henderson Group PLC raised its stake in Stanley Black & Decker by 589.2% during the 3rd quarter. Janus Henderson Group PLC now owns 634,640 shares of the industrial products company’s stock valued at $95,812,000 after purchasing an additional 542,555 shares during the last quarter. Fred Alger Management Inc. raised its stake in Stanley Black & Decker by 275.0% during the 2nd quarter. Fred Alger Management Inc. now owns 701,930 shares of the industrial products company’s stock valued at $98,783,000 after purchasing an additional 514,773 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in Stanley Black & Decker by 45.2% during the 3rd quarter. Pictet Asset Management Ltd. now owns 1,077,720 shares of the industrial products company’s stock valued at $162,703,000 after purchasing an additional 335,500 shares during the last quarter. Vanguard Group Inc. raised its stake in Stanley Black & Decker by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 11,396,761 shares of the industrial products company’s stock valued at $1,603,865,000 after purchasing an additional 287,124 shares during the last quarter. Finally, Davidson Kempner Capital Management LP acquired a new position in Stanley Black & Decker during the 3rd quarter valued at $33,968,000. 84.08% of the stock is owned by institutional investors and hedge funds.

SWK has been the subject of several research analyst reports. Nomura set a $180.00 target price on shares of Stanley Black & Decker and gave the company a “buy” rating in a research note on Wednesday, October 25th. Wells Fargo & Co reiterated an “outperform” rating and set a $175.00 target price (up from $165.00) on shares of Stanley Black & Decker in a research note on Wednesday, October 18th. Zelman & Associates upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. Northcoast Research assumed coverage on shares of Stanley Black & Decker in a research note on Friday, October 20th. They set a “buy” rating and a $193.00 target price for the company. Finally, Zacks Investment Research cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $169.19.

Stanley Black & Decker, Inc. (SWK) opened at $174.75 on Friday. Stanley Black & Decker, Inc. has a one year low of $119.25 and a one year high of $175.72. The stock has a market cap of $26,800.00, a price-to-earnings ratio of 22.06, a PEG ratio of 1.99 and a beta of 1.04. The company has a quick ratio of 0.69, a current ratio of 1.26 and a debt-to-equity ratio of 0.53.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.08. The company had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Stanley Black & Decker had a net margin of 9.79% and a return on equity of 15.41%. The business’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.68 EPS. sell-side analysts forecast that Stanley Black & Decker, Inc. will post 7.4 earnings per share for the current year.

In related news, EVP Jeffrey D. Ansell sold 11,221 shares of the stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $163.86, for a total transaction of $1,838,673.06. Following the completion of the sale, the executive vice president now owns 65,030 shares in the company, valued at approximately $10,655,815.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Joseph R. Voelker sold 4,182 shares of the stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $162.91, for a total transaction of $681,289.62. Following the sale, the senior vice president now owns 17,253 shares of the company’s stock, valued at approximately $2,810,686.23. The disclosure for this sale can be found here. Insiders have sold a total of 128,606 shares of company stock valued at $20,938,546 in the last quarter. 1.15% of the stock is currently owned by corporate insiders.

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Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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