Janney Montgomery Scott LLC Has $4.49 Million Position in Stanley Black & Decker, Inc. (SWK)

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Janney Montgomery Scott LLC boosted its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 5.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,485 shares of the industrial products company’s stock after buying an additional 1,779 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Stanley Black & Decker were worth $4,489,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. North Fourth Asset Management LP purchased a new stake in Stanley Black & Decker in the 3rd quarter valued at $1,464,000. Toth Financial Advisory Corp purchased a new stake in shares of Stanley Black & Decker during the 3rd quarter valued at $264,000. Cornerstone Wealth Management LLC increased its position in shares of Stanley Black & Decker by 1,196.2% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 664,439 shares of the industrial products company’s stock valued at $4,241,000 after purchasing an additional 613,177 shares during the last quarter. Dumont & Blake Investment Advisors LLC increased its position in shares of Stanley Black & Decker by 6.0% during the 3rd quarter. Dumont & Blake Investment Advisors LLC now owns 7,965 shares of the industrial products company’s stock valued at $1,166,000 after purchasing an additional 450 shares during the last quarter. Finally, Lyell Wealth Management LP increased its position in shares of Stanley Black & Decker by 5.7% during the 3rd quarter. Lyell Wealth Management LP now owns 23,359 shares of the industrial products company’s stock valued at $3,421,000 after purchasing an additional 1,259 shares during the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.

SWK stock opened at $126.82 on Monday. The company has a quick ratio of 0.56, a current ratio of 1.16 and a debt-to-equity ratio of 0.48. The firm has a market cap of $19.16 billion, a PE ratio of 15.56, a PEG ratio of 1.56 and a beta of 1.24. Stanley Black & Decker, Inc. has a fifty-two week low of $106.41 and a fifty-two week high of $164.94.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Tuesday, January 22nd. The industrial products company reported $2.11 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.01. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.62 billion. Stanley Black & Decker had a return on equity of 16.29% and a net margin of 4.62%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.18 EPS. On average, equities analysts forecast that Stanley Black & Decker, Inc. will post 8.56 EPS for the current year.

Several brokerages have recently issued reports on SWK. Zacks Investment Research lowered Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Wednesday, February 6th. ValuEngine raised Stanley Black & Decker from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Macquarie set a $140.00 target price on Stanley Black & Decker and gave the company a “buy” rating in a research report on Tuesday, October 30th. KeyCorp set a $170.00 target price on Stanley Black & Decker and gave the company a “buy” rating in a research report on Friday, October 26th. Finally, Buckingham Research set a $133.00 target price on Stanley Black & Decker and gave the company a “hold” rating in a research report on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $156.53.

In other news, SVP Jaime A. Ramirez sold 600 shares of the stock in a transaction on Thursday, January 24th. The stock was sold at an average price of $118.69, for a total transaction of $71,214.00. Following the completion of the transaction, the senior vice president now owns 35,048 shares in the company, valued at approximately $4,159,847.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.69% of the stock is currently owned by corporate insiders.

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About Stanley Black & Decker

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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

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