Principle Wealth Partners LLC Acquires 1,072 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Principle Wealth Partners LLC lifted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 16.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,514 shares of the industrial products company’s stock after purchasing an additional 1,072 shares during the quarter. Principle Wealth Partners LLC’s holdings in Stanley Black & Decker were worth $603,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new stake in shares of Stanley Black & Decker in the fourth quarter worth $1,386,000. Avanza Fonder AB bought a new stake in shares of Stanley Black & Decker in the fourth quarter worth $1,287,000. State Street Corp lifted its position in shares of Stanley Black & Decker by 6.5% in the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock worth $998,107,000 after purchasing an additional 549,531 shares in the last quarter. FMR LLC raised its position in Stanley Black & Decker by 40.8% during the third quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock worth $101,663,000 after acquiring an additional 267,723 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Stanley Black & Decker by 1.0% during the third quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company’s stock worth $392,882,000 after acquiring an additional 35,100 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

Shares of SWK opened at $87.34 on Wednesday. The firm has a market capitalization of $13.46 billion, a PE ratio of 45.02, a PEG ratio of 1.87 and a beta of 1.24. The company’s 50-day moving average is $83.85 and its 200-day moving average is $93.53. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.42.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on SWK shares. Citigroup dropped 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. UBS Group dropped their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Wells Fargo & Company dropped their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target on the stock in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Stanley Black & Decker has a consensus rating of “Hold” and an average price target of $103.00.

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.