Fort Washington Investment Advisors Inc. OH Raises Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 7.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,594,895 shares of the industrial products company’s stock after buying an additional 109,100 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Stanley Black & Decker were worth $128,054,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SWK. American Century Companies Inc. boosted its holdings in shares of Stanley Black & Decker by 12.2% in the 2nd quarter. American Century Companies Inc. now owns 13,062 shares of the industrial products company’s stock worth $1,044,000 after purchasing an additional 1,416 shares during the period. Envestnet Asset Management Inc. increased its position in Stanley Black & Decker by 11.2% during the second quarter. Envestnet Asset Management Inc. now owns 82,613 shares of the industrial products company’s stock valued at $6,600,000 after acquiring an additional 8,298 shares during the last quarter. Amalgamated Bank raised its stake in shares of Stanley Black & Decker by 24.6% in the second quarter. Amalgamated Bank now owns 39,942 shares of the industrial products company’s stock valued at $3,191,000 after acquiring an additional 7,883 shares during the period. XTX Topco Ltd purchased a new position in shares of Stanley Black & Decker during the 2nd quarter worth about $382,000. Finally, Canada Pension Plan Investment Board grew its holdings in Stanley Black & Decker by 1,051.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 32,232 shares of the industrial products company’s stock valued at $2,575,000 after purchasing an additional 29,432 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SWK. Wells Fargo & Company decreased their target price on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley lowered their price objective on shares of 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. The Goldman Sachs Group lifted their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird cut their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Stanley Black & Decker presently has an average rating of “Hold” and a consensus price target of $101.25.

Stanley Black & Decker Stock Up 2.8 %

Shares of SWK stock opened at $86.63 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. Stanley Black & Decker, Inc. has a twelve month low of $77.70 and a twelve month high of $110.88. The stock has a 50 day moving average of $84.02 and a 200 day moving average of $93.39.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, equities research analysts expect that Stanley Black & Decker, Inc. will post 4.14 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.